Liberty1 Financial

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When it comes to Liberty1 Financial, there are two big questions on everyone’s mind: Is it a scam? And is it legit? In this Liberty1 Financial review, we’ll take a look at the company and try to answer those questions for you. Liberty1 Financial is a debt consolidation company that offers loans to help people pay off their debts. So is it a scam? Let’s find out!

Liberty1 Financial has been around for a few years, and in that time, they’ve helped thousands of people consolidate their debts into one monthly payment. But there have also been some complaints about the company. Some people say that they were bait and switch – that is, they were promised one thing but then given something else. Others have said that the interest rates on their loans were much higher than they expected.

So what’s the truth? Is Liberty1 Financial a scam or legit? We believe that they’re probably somewhere in between. There are definitely some things that you should be aware of before you sign up for a loan with them. But if you’re careful and do your research, you should be able to get a loan that works for you.

If you’re considering consolidating your debt with Liberty1 Financial, we recommend that you:

  • Read the fine print carefully before signing up for a loan.
  • Shop around and compare interest rates from different lenders.
  • Be aware of the potential for bait and switch tactics.
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Liberty1 Financial Pros and Cons

If you’re considering using this company for a Debt Consolidation loan, you should be aware of the following:

  • Customers have accused them of using bait and switch tactics.
  • There are a lot of negative reviews of this company, so proceed with caution.
  • The interest rates are high and the repayment terms are not flexible.
  • You may be better off going with a different lender.

Debt consolidation can be a great way to get your finances back on track, but you have to be careful about who you work with. Make sure you know all the pros and cons of Liberty1 Financial before making a decision.

What is Liberty1 Financial?

Liberty1 Financial is a personal and business loan provider that has been in operation since 2008. The company offers a variety of loans, including personal loans, business loans, and lines of credit. However, Liberty1 Financial has more cons than pros.

One of the biggest complaints about this lender is bait and switch tactics. Many customers have reported being promised one interest rate, only to be given a higher rate when they apply for the loan. This can end up costing you hundreds or even thousands of dollars in extra interest payments over the life of the loan.

Another problem with Liberty1 Financial is that they often charge hidden fees. These fees can include things like origination charges, processing fees, and closing costs. This can make it very difficult to compare the true cost of a Liberty loan with other lenders.

If you’re considering taking out a loan with Liberty1 Financial, be sure to do your homework first. Carefully read over the terms and conditions of the loan, and make sure you understand all the fees involved.

How does Liberty1 Financial work?

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Liberty1 Financial is a personal loan company. As per customers, they advertise personal loans with low-interest rates, but when you apply for the loan, they tell you that you don’t qualify for the advertised rates. Instead, they offer you a much higher interest rate. This is how Liberty1 Financial makes its money – by tricking people into taking out high-interest loans.

If you’re considering taking out a personal loan, be sure to read the fine print carefully. You may end up paying much more in interest than you originally thought. And if you have any questions, be sure to ask a representative before signing any paperwork. Otherwise, you could end up getting stuck with a bad deal.

How to qualify for a Liberty1 Financial?

What do you need to qualify for Liberty1 Financial? Here’s what you’ll need:

  • A good credit score: Liberty1 Financial requires a minimum credit score of 660 in order to qualify for a personal loan.
  • A steady income: You’ll need to have a steady source of income in order to qualify for a personal loan. This can come from employment, alimony, child support, or other sources.
  • An active checking account: You must have an active checking account in order to qualify for a loan. This account will be used to deposit your loan funds and make your monthly payments.

If you meet all of the above requirements, you should have no problem qualifying for a personal loan from Liberty1 Financial.

What is the interest rate on Liberty1 Financial?

The answer to this question is quite complicated. Liberty1 Financials offers a variety of debt consolidation loans and personal loans, each with its own interest rates. The interest rate you’ll ultimately pay depends on factors like your credit score, income, and the length of the loan.

In general, debt consolidation loans have higher interest rates than traditional loans because they are seen as high-risk. That being said, if you have good credit and can find a competitive interest rate, debt consolidation can be a great way to save money in the long run.

If you’re considering consolidating your debt, make sure to compare rates and terms before signing any paperwork.

How do you pay back Liberty1 Financial?

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The answer to this question depends on the type of loan that you have with Liberty1 Financial. If you have a debt consolidation loan, you will need to make monthly payments to pay off your debt.

If you have a personal loan, you will need to make monthly payments to pay off your debt. You can also make lump-sum payments on either type of loan, which will help you pay off your debt faster.

Whatever type of loan you have, be sure to make your payments on time and in full to avoid any late fees or penalties. You can also contact Liberty1 Financial if you have any questions about your loan or how to make payments.

What happens if you don’t pay Liberty1 Financial?

You might be wondering what happens if you can’t make your payments to Liberty1 Financial. Here’s what you need to know.

If you miss a payment or are late on a payment, the lender will charge you a late fee. The late fee will be either $15 or greater than five percent of your unpaid balance, whichever is less. If you make a partial payment, Liberty1 Financial will apply the payment to the debt with the highest interest rate first and then apply any remaining amount to the debt with the next highest interest rate.

Failure to make your payments could result in debt collectors being sent after you, legal action, and damage to your credit score.

What kind of loans do Liberty1 Financial offer?

Liberty1 Financial offers debt consolidation loans and personal loans. They are a direct lender so they may work with you to find a loan that fits your needs.

If you’re looking to consolidate debt, this lender offers debt consolidation loans with fixed rates and terms. This can help you save money on interest and get out of debt faster. If you have good credit, you may be able to qualify for a low-interest rate loan, which can save you even more money.

If you need a personal loan for any reason, Liberty1 Financial offers personal loans for things like home improvements, medical expenses, or debt consolidation.

What is the minimum credit score for a Liberty1 Financial loan?

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The minimum credit score for a Liberty1 Financial loan is 620. However, the company also considers other factors such as your income, employment history, and debts. If you have a lower credit score, you may still be able to qualify for a loan if you have strong compensating factors. For example, if you have a low credit score but a high income, you may still be able to qualify for a loan.

Make sure you understand the terms and conditions first. There have been many complaints about the company’s predatory lending practices. You should also make sure that you have a good understanding of your own financial situation before taking out any loans.

How does Liberty1 Financial affect your credit?

The hard pull from Liberty1 Financial will lower your credit score by a few points. If you have late payments, this could further damage your credit score and make it more difficult to get approved for future loans or lines of credit. In general, it’s best to avoid working with companies like Liberty1 Financial if you’re trying to improve or maintain good credit.

How to cancel Liberty1 Financial?

It’s easy to cancel your Liberty1 Financial loan – simply follow the steps below.

If you have an outstanding balance on your loan, you’ll need to pay that off first. Once that’s done, you can cancel your loan by contacting customer service.

The process is simple and straightforward, and it only takes a few minutes to cancel your loan. However, keep in mind that once you cancel your loan, you won’t be able to take out another one with Liberty1. So if you’re sure you want to cancel your loan, follow the steps below to get started.

Steps:

  • Call customer service
  • Give them your account number
  • Tell them you want to cancel your loan
  • Follow their instructions

So if you’re ready to cancel your loan, follow the steps above and you’ll be on your way.

Liberty1 Financial BBB Reviews

The Liberty1 Financial Group has an A+ rating from the Better Business Bureau (BBB) and has been accredited since March 2020. In the last three years, there has been only one complaint filed against them, which was closed in the last 12 months.

However, it’s important to note that the BBB reviews are not all glowing. In fact, many of them are quite critical of the company.

Here are some Liberty1 Financial BBB Reviews:

Casey C 12/16/2020

I received a pre-screened offer in the mail. I googled them to try to confirm if they are truly loan providers or if they are debt relief under the guise of the loan provider. I could not find information to confirm or deny, just 100% 5-star raving reviews which are not realistic. They also only opened in 2020. However, I went to their site and entered my pre-screen code, and then the screen said I needed to call a number to complete the application – extremely odd.

Within minutes I had a text from a Diane C***** providing again the number for me to call her or she said she would be calling me. I texted back and asked if they are debt relief or truly loan because my credit score and DTI are not great and no one else has been willing to approve me and is this a soft or hard credit inquiry. She responded saying we would have to discuss it by phone. I call her, no answer, leave a voicemail, not a callback. I text her twice more and she has never responded again. Something about all of this seems very suspicious.

Is Liberty1 Financial Legit or a Scam?

The internet is full of scammers, and it can be hard to know who to trust. Liberty1 Financial is a company that has been accused by its customers of bait and switch tactics, and many people are wondering if they’re legit or not.

If you’re thinking about working with Liberty1Financial.com, it’s important to do your research first. There are many complaints online from people who say they were promised low-interest rates and then given high rates and difficult terms, so you need to be sure you know what you’re getting into.

In the end, it’s up to you to decide whether or not you want to work with Liberty1 Financial. However, if you do choose to work with them, make sure that you understand their policies and procedures thoroughly so that there are no surprises down the road.

Have you ever worked with Liberty1 Financial? What was your experience like? Let us know in the comments below!

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Liberty1 Financial Review

If you’re thinking about working with Liberty1 Financial, it’s important to do your research first. There are many complaints online from people who say they were promised low-interest rates and then given high rates and difficult terms, so you need to be sure you know what you’re getting into.

In the end, it’s up to you to decide whether or not you want to work with Liberty1 Financial. However, if you do choose to work with them, make sure that you understand their policies and procedures thoroughly so that there are no surprises down the road.

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