Liberty Lending Review: Is It A Scam Or A Legit Lender?

Liberty Lending Review

Liberty Lending is a personal loan provider that has been in business for several years. There are some mixed reviews about the company, with some customers claiming it’s a scam while others say it’s a legit company. In this blog post, we will take an in-depth look at Liberty Lending and examine all of the pros and cons. We will also compare Liberty Lending to other personal loan providers to help you decide whether or not it is the right choice for you.

With Liberty Lending, you can borrow up to $35,000. In as little as 24 hours, the company claims to be able to provide you with the money you need. Liberty Lending is an online lender, which means that everything can be handled from the comfort of your own home. The process does not require the completion of any paper forms or trips to the bank. Since Liberty Lending does not require a credit check, it is an appealing option for individuals with poor credit scores. This also means that Liberty Lending is a high-risk lender and charges very high-interest rates.

Many people have complained that it is very difficult to get in touch with customer service at Liberty Lending. This can be frustrating, especially when you have a problem with your loan or need to make changes to your account. Some people have also reported that the terms of their loans have been changed without notification, which has led to unexpected fees.

Beware of the risks involved before taking out a loan with Liberty Lending. People in dire need of cash and who cannot get approved for a loan from a traditional lender are best suited for borrowing from Liberty Lending. Be sure to read the terms and conditions carefully before taking out a loan with them, and make sure you can afford the monthly payments. Those people who are seeking a long-term loan or have bad credit should not consider Liberty Lending as an option.

There are many things to consider before taking out a personal loan. Interest rates, fees, and repayment terms vary from lender to lender, so it’s important to shop around and compare your options. Liberty Lending is just one of many personal loan providers, so be sure to do your research before making a decision.

Liberty Lending Logo

Liberty Lending Pros and Cons

There are many personal loan options available, and while Liberty Lending is a popular choice, that does not mean it is the best. In fact, upon closer inspection, you will see that there are more cons than pros to this option.

When considering a loan from Liberty Lending, it is important to be aware of the potential risks. There have been numerous reports of customers being scammed by the company, with hidden fees, exorbitant interest rates, and false promises being made. So before taking out a loan with them, be sure to do your research and read the fine print carefully.

One of the major drawbacks is that their customer service isn’t always great. There have been reports of people waiting weeks or even months to hear back from customer service, and when they finally do get in touch with someone, the representative often comes across as unprofessional and indifferent to their issue.

There are many reasons to avoid Liberty Lending when seeking a personal loan. Their application process is relatively fast and easy, but there are better options out there that don’t come with all of their cons. Some of their drawbacks include high-interest rates, hidden fees, and inflexible repayment terms. There are plenty of other companies out there that can provide you with a loan without all of these hassle factors, so you’re better off avoiding Liberty Lending altogether.

Liberty Lending Mail Offer

What is Liberty Lending?

Founded in 2007, Liberty Lending specializes in providing personal loans to consumers with bad credit. The company has received numerous negative reviews regarding its high-interest rates and aggressive collection practices.

Liberty Lending continues to provide loans to consumers in need of quick cash. Before signing any agreement with them, you should carefully read the terms and conditions. Ensure that you are comfortable with the lending practices of the company by conducting extensive research.

Different people have different financial needs and there are many lending companies out there that offer great loan options. However, it is important to remember that all loans come with risks. Before taking out a loan with any company, do your research and make sure you are aware of all the potential risks involved. Liberty Lending is one such company that offers great loan deals, but be sure to read up on them before doing business with them.

How does Liberty Lending work?

Liberty Lending provides personal loans to qualified individuals. It is a straightforward process. Liberty Lending customers can apply for a loan online or over the phone and receive a decision within minutes. Upon approval, the customer can choose the loan amount and terms. After the loan is funded, the customer can use the funds as they see fit.

Loans from this company come with high-interest rates and repayment terms that can last anywhere from two to five years. In addition to personal loans, this company also offers loans for businesses and students.

In the industry, Liberty Lending has a negative reputation for charging high fees and interest rates. This company is not a recommended provider of personal loans.

How does Liberty Lending affect your credit?

Consider how Liberty Lending’s loans could affect your credit if you’re thinking about applying for one. Upon applying for a loan, Liberty Lending will pull your credit report. There will be a temporary dip in your credit score as a result. On the other hand, if you pay all of your loans on time and in full, this will help improve your credit score over time.

Taking out a personal loan has many advantages. You may be able to consolidate your debt, make home improvements, or cover unexpected expenses with their assistance. However, it is important to understand how they work and how they may affect your credit.

By knowing this information, you will be able to make an informed decision regarding your financial situation.

How much does Liberty Lending cost?

Before signing any loan agreement, be sure to read the fine print carefully. Liberty Lending’s high-interest rates and hidden fees can add up quickly. For example, the origination fee is $75-$500, depending on the loan amount. And, a late payment will incur a $39 fee. Additionally, there is a $30 returned payment fee. So, it is important to be mindful of the potential costs of taking out a loan from this company.

To make sure you’re getting the best deal on your loan, compare offers from multiple lenders.

How to contact Liberty Lending customer service

It is possible to contact Liberty Lending customer service in a variety of ways. If you would like to contact them, you may do so by calling 800-606-82000 or by emailing [email protected] You may also fill out their online form on their website if you have a specific question or concern.

However, sometimes the resolution that they provide isn’t enough. In these cases, there are a few other avenues that you can take. You could post a negative review on one of the many consumer review websites or reach out to the Better Business Bureau. Whichever route you choose, make sure that your voice is heard.

How to login to Liberty Lending

Creating an account is simple and only takes a few moments. Click on the “Create an Account” link on the login page and enter your basic information. Choose a username and password, then click “Submit.” Once your account is created, you can log in using the form on the login page.

You can contact customer support if you have trouble logging in.

How to cancel Liberty Lending

Liberty Lending Review: Is It A Scam Or A Legit Lender? 1

There are a few things to keep in mind before canceling your loan with Liberty Lending, but overall the process is quite simple. First, you’ll need to contact customer service and request to cancel your loan. However, there may be some fees associated with canceling your loan, so be sure to ask about those before proceeding.

Before you cancel your loan with Liberty Lending, there are a few things you need to be aware of. Firstly, any outstanding balance on your loan will need to be paid off before the loan can be officially canceled. Secondly, you may be charged a cancellation fee by Liberty Lending. This fee is usually a percentage of your outstanding balance, so make sure you know how much it will be before canceling your loan.

Once your loan is canceled with Liberty Lending, you will no longer have access to their online portal or mobile app. This may be inconvenient for those who rely on these services to manage their loan. It is recommended that you keep your account open even after canceling your loan.

Overall, canceling your loan with Liberty Lending is a relatively straightforward process. You should be aware of the potential fees and consequences before taking this action.

Liberty Lending BBB reviews

The BBB reviews for Liberty Lending indicate that the company has closed six complaints over the past three years and five complaints over the past twelve months. Some complaints have been filed alleging problems with customer service, billing, and collections. According to the BBB website, Liberty Lending has an overall rating of “A+”.

Here are some Liberty Lending BBB reviews:

Nina W. 12/03/2021

I went through a debt consolidation program and they introduced me to this company. I started off owing the credit cards 10000;00 and when they offered this loan they told me that I would just be paying off a little over the *** that was left..after talking to the loan company(these people) I would be paying nearly the same amount that I started off with the debt consolidation program. Don’t pay attention to all of these 5-star reviews because they are the people that work there or paid people to give 5-star reviews. these people are scammers and rip-offs.

I closed my bank account and they can not take out any money. I ruined my credit going through the debt con. so I have to wait for 7 yrs anyway…I put a complaint to the BBB…they have complaints about this company…watch out for this company and their high-interest rate.

Charles W. 09/03/2021

This lender is for financially ignorant and desperate people and will be a financial crisis hotbed like that one in 2008 except on a smaller scale. They claim to offer borrowers loans with rates as low as ****% etc to help people pay off credit card debts or other high-interest debts but you will likely end up paying even higher interest they charge for the money they lend you than those you already own. It’s ridiculous and doesn’t make any sense: If you owe credit card debts of $15,000 with an interest rate of 16%. They might lend you $15,000 to pay them off but with a rate of 26.99%!

As for Star rating, I gave them 1 star and they are for their hard-working friendly staff! Have a nice day folks!

Complaint Type: Problems with Product/Service 03/11/2022

I was roped into taking a loan with them by another company with an APR of a whopping 25%. After paying on it for some time and the principal barely going down over $500 a month paid for a year and maybe $500 on the principal paid. I contacted them when COVID hit and I took a loss at work and asked to refinance at a lower rate and they refused to do anything to assist me.

Now I’m trying to settle with them and can’t get a straight offer to settle on. I have one email with an offer of $11,260, then they said no the lowest they will go is ******. I have offered to settle for $9,000 but the person I’m working with refuses to work with me and gives me different numbers. I would really like to get this settled, but it’s near impossible when they keep giving different numbers and contradicting themselves.

Is Liberty Lending legit or a scam?

Liberty Lending has been accused of being a scam by many people who have used their services. People claim that Liberty Lending promises low-interest rates but then charges high fees. Additionally, they say that Liberty Lending does not disclose all of its terms and conditions, making it difficult for borrowers to understand what they are getting into.

Have you worked with before? We would love to hear about your experience in the comments!

Thank you for reading.

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