Liberty Lending Group is a loan referral company that offers a range of loan options to consumers in need of financial assistance. Whether you need a personal loan or debt consolidation, Liberty Lending can help connect you with potential lenders. In this article, we will provide a comprehensive Liberty Lending Group review, including their services, pros, and cons frequently asked questions, and more, to help you determine if this company is the right fit for your financial needs.
Liberty Lending Pros and Cons
Pros:
- Wide range of loan options: It offers a variety of loan options, including personal loans, home improvement loans, debt consolidation loans, and more.
- Simple application process: The application process is straightforward and can be completed online in a matter of minutes.
- Fast approval: It works with a network of lenders who can provide fast approvals, with some loans being funded as soon as the next business day.
- No fees: There are no fees to apply for a loan.
- Soft credit check: Checking your rate generates a soft inquiry on your credit report, which does not affect your credit score.
Cons:
- Limited availability: Liberty Lending Group is not available in all states.
- Higher interest rates: Some of the loans offered through them may have higher interest rates than other lenders.
- Not a direct lender: It is a loan referral service, which means they do not directly provide loans.
Liberty Lending Group Services
This company offers a wide range of loan options to meet the diverse needs of its clients. Some of the services offered by the company include:
- Personal loans: It offers personal loans with competitive interest rates and flexible repayment terms.
- Home improvement loans: These loans are designed to help homeowners finance home improvement projects, such as renovations or repairs.
- Debt consolidation loans: It can connect borrowers with lenders who specialize in debt consolidation loans, which can help simplify and streamline monthly payments.
- Business loans: The company also offers business loans to entrepreneurs and small business owners who need funding for their ventures.
What is Liberty Lending Group?
Liberty Lending Group is a loan referral service provider based in the United States. Liberty Lending Group strives to connect borrowers with reputable lenders who can offer a variety of loan options, including personal loans, home improvement loans, debt consolidation loans, and more. Its mission is to provide flexible and affordable loan options to individuals who are in need of financial assistance. The company’s application process is simple and can be completed online in a matter of minutes. Liberty Lending Group is committed to providing personal financial security to all consumers.
How does Liberty Lending Group work?
Liberty Lending Group works by connecting borrowers with lenders who offer a variety of loan options. The company’s process is simple and can be completed online in just a few minutes. Here is a step-by-step breakdown of how it works:
- Application: Borrowers fill out an online application, providing information such as their name, address, income, and desired loan amount.
- Review: The company reviews the application and matches the borrower with a lender who can provide the requested loan.
- Approval: If the lender approves the loan, the borrower will receive an offer with the loan amount, interest rate, and repayment terms.
- Funding: Once the borrower accepts the loan offer, the funds will be deposited into their bank account.
- Repayment: The borrower will make payments to the lender according to the agreed-upon repayment terms.
What are the loan options available through Liberty Lending Group?
Liberty Lending Group offers a variety of loan options to meet the needs of different borrowers. Some of the loan options available through Liberty Lending Group include:
- Personal loans: These are unsecured loans that can be used for any purpose, such as debt consolidation, home improvement, or unexpected expenses.
- Debt consolidation loans: These loans are used to consolidate multiple debts into one manageable payment.
- Home improvement loans: These loans are used to finance home improvement projects, such as renovations, repairs, or upgrades.
- Small business loans: These loans are designed to help small business owners finance their operations or expand their businesses.
- Medical loans: These loans are used to finance medical expenses, such as procedures, treatments, or surgeries.
The loan options available may vary depending on the lender and the borrower’s credit score, income, financial history, and other factors.
What are the interest rates for loans provided by Liberty Lending Group?
The interest rates for loans provided by Liberty Lending Group borrowers obtain financing vary depending on the lender, the type of loan, the loan amount, and the borrower’s creditworthiness. Interest rates for personal loans through Liberty Lending Group may range from 5.99% to 35.99%, depending on the lender and the borrower’s credit score. The interest rates for other loan options may also vary.
It’s important to note that Liberty Lending Group does not make personal loans or set interest rates. Instead, the company matches borrowers with lenders who offer loan options that meet their needs. The interest rates and loan terms are agreed upon between the borrower and the lender. Borrowers should carefully review the terms of the loan before accepting the offer to ensure that they can afford the loan payments and that the interest rate is reasonable so they can have personal financial security.
How long does it take to get approved for a loan through Liberty Lending Group?
The time it takes to get approved for a loan through Liberty Lending Group varies depending on the lender and the type of loan. In some cases, borrowers may receive loan offers within minutes of submitting their application. In other cases, it may take a few business days for a lender to review the application and make a decision.
Once a borrower accepts a loan offer, the funds may be deposited into their bank account within a few business days. The exact timeline for funding may also vary depending on the lender and the borrower’s bank.
What are the eligibility requirements for a loan through Liberty Lending Group?
The eligibility requirements for a loan through them vary depending on the lender and the type of loan. However, there are some general requirements that borrowers must meet in order to be considered for a loan through the company. Here are some of the typical eligibility requirements:
- Age: Borrowers must be at least 18 years old.
- Credit score: Borrowers should have a credit score of 580 or higher for personal loans, though some lenders may have higher or lower requirements.
- Income: Borrowers should have a steady source of income like bank statements to demonstrate their ability to repay the loan.
- Citizenship: Borrowers must be U.S. citizens or permanent residents.
- Bank account: Borrowers must have a valid bank account to receive loan funds.
It’s important to note that meeting these eligibility requirements does not guarantee approval for a loan. Lenders may consider additional factors, such as employment history, debt-to-income ratio, and credit history when making loan decisions.
How do I apply for a loan through Liberty Lending Group?
To apply for a loan through Liberty Lending Group, follow these steps:
- Go to the Liberty Lending Group website (libertylending.com) and click on the “Apply Now” button.
- Fill out the online application with your personal information, including your name, address, and Social Security number.
- Choose the loan amount and type of loan you’re interested in.
- Provide information about your income and employment, including your employer’s name and contact information.
- Review and accept the terms and conditions of the loan.
- Submit your application.
Once you submit your application, Liberty Lending Group will match you with private lenders who offer loan options that meet your needs. You may receive loan offers from multiple lenders, and you can compare the interest rates, fees, and terms of each offer before accepting one, you may be able to talk to a loan specialist. You can repay the loan early without penalty.
It’s important to note that Liberty Lending Group is a loan referral service and not a lender, so the company does not make loan decisions or set loan terms. All loan decisions and terms are determined by the lender. This company doesn’t have local businesses.
Is Liberty Lending Group a direct lender?
No, Liberty Lending Group is not a direct lender. The company provides loan referral services to help borrowers find loan options that meet their needs. When a borrower submits an application through Liberty Lending Group, the company matches them with lenders who may be interested in offering them a loan. The lenders are independent financial institutions that have partnered with Liberty Lending Group to reach potential borrowers.
It’s important to note that Liberty Lending Group does not make personal loans, debt consolidation loans, or credit decisions. Instead, the company serves as an intermediary between borrowers and lenders, helping to connect borrowers with lenders who may be able to offer them a loan. Once a borrower is matched with a lender and accepts a loan offer, the lender will provide the funds and set the loan terms, including the interest rate, loan amount, and repayment schedule.
Can Liberty Lending Group help with debt consolidation?
While Liberty Lending Group does not make debt consolidation loans itself, the company may be able to help borrowers find loan options that could be used for debt consolidation. Debt consolidation loans are a type of personal loan that allows borrowers to combine multiple high-interest debts into a single, lower-interest loan. By consolidating their debts, borrowers may be able to simplify their finances and save money on interest charges.
When a borrower submits an application through Liberty Lending Group, the company matches them with lenders who offer personal loans. Depending on the borrower’s needs and financial situation, a personal loan could be used for debt consolidation. The borrower would use the loan funds to pay off their existing debts, leaving them with just one loan payment to make each month.
It’s important to note that not all borrowers will qualify for a personal loan that can be used for debt consolidation, and even if they do, the interest rate and loan terms may not be favorable. Borrowers should carefully consider their options and compare the costs and benefits of debt consolidation before applying for a loan.
Liberty Lending Group BBB Reviews
Liberty Lending Group has been accredited by the Better Business Bureau (BBB) since 2018 and holds an A+ rating, which is a testament to its commitment to providing reliable loan referral services. However, it is worth noting that the company has received mixed reviews from customers.
According to the BBB website, Liberty Lending Group has an average of four customer reviews and two closed complaints, with customers giving the company a 2-star rating out of 5 stars. Most of the reviews are negative, with customers citing issues such as high-interest rates, hidden fees, and poor customer service.
While the negative reviews are concerning, it is important to note that they are not representative of every customer’s experience. It is always recommended that individuals do their own research and due diligence before applying for a loan with any company.
Here are some reviews:
Liberty Cash Lenders are not a good lending company beware they lie they sent me a promissory note on a loan and never went through it I ask for 3000 sent them everything they needed and they lied and told me 250.00 very poor company please beware of this company god bless
Obvious **** company. They even make up 5-star reviews because they suck
We just started the process of discussing options with Liberty Lending Group. Our representative’s name was Michael. I wish we had his surname, but this was by far the worst experience we have ever had speaking to anyone about lending options. The options available were reasonable and we would have otherwise considered them. However, Michael became abrasive and rude when we asked if we could move past the reasoning behind our debt (unexpected medical bills and wedding). Rude to the point that I hope the conversation was recorded and is reviewed because there is no reason to approach a customer in that manner. Now, it’s possible that something was going on in his personal life that pushed him to such an angered state. If that’s the case, we feel sorry for the state that he’s in, but that does not excuse one for taking that frustration out on their potential customer base.
When asked about a lawsuit involving the CFPB and for more information on the program, the conversation became predatory. He belittled us for having debt resulting from medical bills, dismissed our questions, and ended up hanging up on us. I am still in disbelief of this experience and just want to warn everyone if this is considered an acceptable company practice.
Liberty Lending Group FAQs
Is Liberty Lending Group a legitimate company?
Yes, Liberty Lending Group is a legitimate company that provides loan referral services to help borrowers find loan options that meet their needs. The company is registered with the Better Business Bureau and has an A+ rating. Liberty Lending Group has also received positive reviews from customers and is considered a trustworthy and reputable lender.
Liberty Lending Group is a reputable lending company in Los Angeles that has helped thousands of clients find the right lender and achieve their financial goals. On their site, they state the following “All our consumers are matched with certified debt consultants who provide personalized guidance and support throughout the loan application process.”
They believe that informed clients are happy clients, which is why they prioritize transparency and ensure that “our clients feel informed every step of the way.” In addition to their excellent customer service, they also offer further assistance to their clients after their loans are approved. With more reviews than many of its competitors, Liberty Lending Group is a trusted choice for anyone seeking a reliable and trustworthy lending partner.
Does Liberty Lending Group charge any fees?
Liberty Lending Group does not charge any application fees or prepayment penalties. However, individual lenders may charge origination fees or other fees associated with the loan, which will be disclosed to the borrower before they accept the loan offer.
What are the repayment terms for loans provided by Liberty Lending Group?
The repayment terms for loans provided by Liberty Lending Group may vary depending on the lender and the loan product. Borrowers should carefully review the terms and conditions of any loan offer they receive, including the repayment schedule, interest rate, and any fees associated with the loan.
What is the maximum loan amount that can be obtained through Liberty Lending Group?
The maximum loan amount that can be obtained through Liberty Lending Group varies depending on the lender and the borrower’s financial situation. Some lenders may offer loans up to $100,000 or more, while others may offer smaller loan amounts. The specific loan amount available to a borrower will be determined by the lender during the application process.
How long does it take to receive funds after being approved for a loan through Liberty Lending Group?
The time it takes to receive funds after being approved for a loan through Liberty Lending Group will vary depending on the lender and the loan product. Some lenders may be able to provide funds as soon as the next business day, while others may take several days or more to process the loan and release the funds.
Can I get a loan through Liberty Lending Group with bad credit?
Liberty Lending Group works with a network of lenders who offer loan options to borrowers with a range of credit scores. While it may be more difficult for borrowers with poor credit to qualify for a loan, Liberty Lending Group may be able to help connect them with lenders who are willing to work with them.
What is the minimum credit score required to qualify for a loan through Liberty Lending Group?
There is no specific minimum credit score required to qualify for a loan through Liberty Lending Group. The company works with a network of lenders who offer loan options to borrowers with a range of credit scores. However, borrowers with higher credit scores are more likely to be approved for a loan and to receive more favorable loan terms.
How can I contact Liberty Lending Group if I have questions or concerns?
Borrowers can contact Liberty Lending Group by phone, email, or online chat. The company’s customer service representatives are available to answer questions and provide support from Monday to Friday. Contact information can be found on the Liberty Lending Group website.
Conclusion
In conclusion, Liberty Lending Group is a legitimate loan referral company that provides a range of loan options to consumers in need of financial assistance. The company has been accredited by the Better Business Bureau since 2018 and holds an A+ rating, indicating its commitment to providing reliable services.
While Liberty Lending Group has received mixed reviews from customers, it is worth noting that negative reviews are not representative of every customer’s experience. It is always important to read reviews and thoroughly understand the terms and conditions of any loan before applying.
Overall, Liberty Lending Group can be a viable option for individuals in need of a loan, but it is essential to weigh the pros and cons and consider all available options before making a decision.
