Are You Considering Liberty Lending?
When seeking financial help, you want to ensure you’re working with a trustworthy company. Liberty Lending offers personal loans and debt consolidation options, but their services have generated mixed reviews across platforms like BBB, Reddit, and Facebook. In this article, we’ll dive into what customers are saying about Liberty Lending and provide an alternative option: CuraDebt, offering a free consultation to help you explore the best debt relief solutions tailored to your needs.
Liberty Lending: A Snapshot
Liberty Lending provides a range of loan options, including personal loans and debt consolidation services. The company positions itself as a loan referral service, matching borrowers with lenders. While this setup can offer flexibility, there are important considerations regarding fees, interest rates, and customer service, as shared by previous clients.
Pros of Five Lakes Debt Relief
- Easy Application Process
Many users found Liberty Lending’s application process straightforward and easy to complete online. According to reviews on ConsumerAffairs and BBB, customers appreciated the ability to fill out forms quickly and receive loan offers within a few days. - Flexible Loan Options
Liberty Lending offers various loan types, from personal loans to debt consolidation options. This flexibility allows borrowers to apply for amounts ranging from $2,000 to $100,000, depending on their creditworthiness. For individuals needing urgent funds for medical bills, home improvements, or debt consolidation, Liberty Lending provides options to address a wide array of financial needs.
Cons of Liberty Lending:
- High Interest Rates and Fees
One of the most frequent complaints is about Liberty Lending’s high interest rates. While the company offers loans with rates starting at 5.99%, many customers reported receiving offers with rates closer to 35%, making the overall cost of borrowing extremely high. Hidden fees and unclear terms have also been cited as significant issues in reviews on BBB and ConsumerAffairs. - Scam Allegations
Some customers have raised concerns about deceptive practices, particularly around pre-approved loan offers. A common complaint on BBB involves customers being solicited with pre-approved offers that never materialize after they submit personal information. This has led some reviewers to label the service as a “scam,” though others had a more neutral experience. - Poor Customer Service
Customer service is another area where Liberty Lending falls short, according to reviews on platforms like BBB and Reddit. Many users complained about unresponsive representatives, long wait times, and difficulty obtaining clear information about their loans. In some cases, clients were left feeling misled about the terms of their loans after signing up.
Real Testimonials from Across the Web
Here are some testimonials from major platforms:
BBB Review:
“They lured me in with a pre-approved offer, but after providing my personal details, I never got the loan I expected. Suddenly, I started receiving calls from various debt consolidation companies.” – Lindi B
ConsumerAffairs Review:
“They took a $5,500 debt and turned it into an $8,000 loan. By the time it’s paid off, I’ll have shelled out over $10,000. Do yourself a favor and avoid them.” – Verna from Frisco, TX
Reddit:
“Signed up thinking I was getting a personal loan but ended up in a debt relief program. They made promises that weren’t kept. Now I owe even more.” – Reddit User
Liberty Lending vs. CuraDebt
If you’re feeling unsure about Liberty Lending, CuraDebt offers a free consultation that may provide a clearer path forward. Unlike Liberty Lending, CuraDebt specializes in debt relief services such as debt settlement, debt consolidation, and tax relief, giving you expert guidance without any upfront fees.
Conclusion: Is Liberty Lending the Right Choice?
Liberty Lending has helped some individuals secure loans, but numerous complaints regarding high fees, deceptive practices, and poor customer service should give you pause. If you are considering debt relief options, it’s worth exploring alternatives like CuraDebt, which provides a free consultation to help you make an informed decision about managing your debt effectively.