LendingTree, Inc. - TREE STOCK NEWS

LendingTree (NASDAQ: TREE) announces the appointment of Shiv Singh as Chief Marketing & Customer Experience Officer, marking a significant leadership change. Singh joins from Expedia Group, where he enhanced brand loyalty. This transition follows the upcoming departure of Neil Salvage, LendingTree's President of Marketplace. J.D. Moriarty is set to replace him, while Jorge de Castro expands his role to enhance the My LendingTree platform. The reorganization aims to centralize operations and bolster the company’s digital marketing efforts, aligning with its goal of becoming a leading consumer-focused financial services marketplace.

LendingTree released a study identifying the best places to pay down debt in 2022, with Raleigh, North Carolina ranking first. The study examined 100 U.S. metropolitan areas based on five metrics, including average credit utilization and unemployment rates. Notably, North Carolina has three cities in the top 10, including Durham (4th) and Winston-Salem (6th). In contrast, Honolulu and five cities in California were identified as the worst locations for debt reduction. These findings aim to empower consumers in making informed financial decisions.

LendingTree, a leading online financial services marketplace, will host a virtual Analyst and Investor Event on February 02, 2022, at 10:00 a.m. ET. Senior management, including CEO Doug Lebda, will discuss the outlook for fiscal year 2022 and key strategic priorities. The event will be webcast live, with materials available on their Investor Relations website. LendingTree connects consumers to over 500 partners for various financial services, offering tools for better financial decision-making.

According to ValuePenguin's report published on January 5, 2022, auto insurance rates are projected to rise by 0.6% in 2022, with the average cost reaching $1,935 annually. 22 states will experience increases, with Nebraska (4.4%), Minnesota (2.5%), and Arizona (2.2%) seeing the highest raises. Unsafe drivers face up to 55% greater premiums, with Texas drivers facing a 142% hike for infractions. Despite these increases, rates remain below pre-pandemic levels, and 76% of consumers who shop around save money.

As reported by LendingTree, 36% of Americans incurred holiday debt this season, averaging $1,249, marking an increase from 31% in 2020. Interestingly, this year saw a decrease in the average amount of debt, down 10% from $1,381. Parents and millennials led in borrowing, at 54% and 50% respectively, with an average debt of $1,462. Additionally, nearly 40% used buy now, pay later financing, an increase from last year. Despite the incurred debt, 82% of borrowers do not expect to repay it within a month, indicating ongoing financial challenges.

olive.com, a leader in payment services and vehicle protection plans, has appointed Keith Moore as Executive Advisor to its Board of Directors. Moore, an experienced Insurtech executive, will guide the company's strategic initiatives and marketing efforts to support its expansion. Previously, he led CoverHound and contributed to LendingTree's diversification. His extensive industry background includes founding CyberPolicy and recognition as a Top 50 Insurtech Influencer. This appointment aims to enhance olive.com's customer service and technology-driven solutions.

ValuePenguin, a part of LendingTree (NASDAQ: TREE), released findings on holiday hazards. Key highlights include:

• 10% of Americans report injuries from putting up Christmas trees this year.
• An unpowered scooter is labeled the worst toy to buy, with over 477,000 injuries since 2011.
• 70% of Americans leave Christmas lights on overnight, posing a fire hazard.
• 34% expect higher utility bills during the holidays.
• Positive trends show a decrease in tree-related injuries from 20% in 2020.

For more, visit ValuePenguin's reports.

LendingTree, the leading online loan marketplace, published a survey revealing that 19.2% of Americans have based financial decisions on their horoscope, with 30.6% considering it. The survey highlights that Millennials are the most likely to make such decisions. Key influences include saving more money (42.1%), splurging (33.5%), and stock trading (23.1%). Interestingly, Capricorns are perceived as the best money managers, while Sagittariuses show the least financial anxiety but have the lowest credit scores. The survey was conducted among 2,049 U.S. consumers.

LendingTree conducted a survey of over 2,000 Americans revealing that nearly 30% plan to host December holiday gatherings, anticipating an average spending of $760 on food, drinks, and gifts. Millennials are leading in spending, estimating $981 for their gatherings, with 55% expecting to incur debt for these expenses. Approximately 40% of attendees will spend an average of $213 on gifts for their hosts, with wine being the top gift choice. The survey highlights the financial strain that holiday celebrations may impose on individuals, especially younger generations.