This article is for informational purposes only and should not be construed as legal or financial advice.

Did you receive a mailer recently with a pre-qualification offer for a loan with a 5.99% interest rate from Liberty First Lending? We did a deep dive on Liberty First Lending’s reviews, and wanted to look further into what their credit score requirements are to get a loan. 

Liberty First Lending Credit Score Terms

To start, I took a look at their website and terms to see if I could find their credit score requirements, but unfortunately, they weren’t clearly laid out anywhere. Interestingly enough, I came across two websites for them with different terms, I’ll include them both below:

Source: https://www.lib1st.com/

Source: https://libertyfirstlending.squarespace.com/

Let’s Break Down Their Terms

If you’re thinking about applying for a loan through Liberty First Lending, here’s what you need to know based on the terms above:

Loan Amounts/Fees:

• You can borrow anywhere from $2,500 to $45,000.
• APR ranges from 5.99% to 29.99%, depending on your credit and financial profile.
• There’s usually a one-time origination fee around 4.9%, which is deducted from your loan amount.

Eligibility:

• You must be 18 or older, a U.S. citizen or permanent resident, with a valid Social Security number and an active checking account.
• Loans aren’t available in Massachusetts or Nevada.

How the Loan Works:

• Funds must be used to pay off existing qualifying debt.
• Not all loans come directly from Liberty First – they work with partner lenders too.
• If you move forward with the application, they’ll run a hard credit check, which can impact your credit score.
• Once approved, you’ll make one monthly payment, and they’ll take care of distributing it to your creditors.

Repayment Example: Let’s say you borrow $16,000 at a 12.56% APR with a $400 fee, you’d be looking at around $415/month for 48 months.

Credit Score Impact:

• Checking your rate won’t hurt your credit, it’s just a soft pull.
• If you accept the loan, a hard inquiry will be made, which might affect your score.
• Past clients who paid off $5,000+ in debt reportedly saw their credit scores increase by about 40 points in 4 months – but of course, results can vary.

Other Things to Keep in Mind:

• Rates, fees, and loan amounts vary based on your credit, income, and where you live.
• Liberty First doesn’t charge late fees or NSF (bounced check) fees, but the lender you’re matched with might.
• All loans are subject to credit approval.

While all of the above is important and relevant, it’s still unclear what their credit score requirements are.

Client Stories: What Are the Credit Score Requirements?

Since we couldn’t find their credit score requirements on their website or in their terms, let’s take a look at some of their reviews to see what their clients are saying. I took a look at both Reddit and Better Business Bureau.

Reddit

I couldn’t find anything on Reddit, however a post from Finder came up below it, mentioning that the “Minimum credit score/credit range” is “not stated.” So what about BBB?

Better Business Bureau

On Better Business Bureau, it is even unclear to those who inquired about the loan what the credit score requirements are. Two reviewers mention that they already knew what their credit score was from previous reports, but were told a conflicting score by Liberty First Lending that was off by 50 points. 

Another reviewer suspects that it’s possible they may not loan any money at all. When they inquired, they were instead offered a debt settlement program. Debt settlement is a valid option, but make sure to understand the pros and cons before signing up. 

Do You Qualify for a Loan?

Wondering if you qualify for a debt consolidation loan? Try our free Debt Consolidation Loan Calculator below to find a solution that fits best for your situation! It takes about 2-5 minutes, and doesn’t ask for personal info unless you’d like to chat through your options with us!

By answering just a few questions, you can:

• See if you pre-qualify for 3 of the top consolidation loan offers
• Compare your options against non-profit credit counseling and other debt relief options
• Get an estimate of your monthly payment, total cost, and payoff timeline – all based on your own numbers

All completely free, with no impact on your credit score. Check it out below!

Closing Thoughts

After digging into Liberty First Lending’s website, terms, and client reviews, one thing is still very unclear: their minimum credit score requirement. While they do offer loans with APRs starting at 5.99%, there’s no official information available on what kind of credit score you need to qualify.

Some reviewers even reported being told a much lower score than they actually had, which raises questions about transparency. Others said they were offered debt settlement programs instead of loans, which isn’t necessarily a bad thing, but it’s a completely different approach and may not be what you expected.

If you’re considering Liberty First Lending or any lender, it’s smart to compare your options before committing. Our free Debt Consolidation Loan Calculator above makes it easy to check your potential loan offers, monthly payments, and how long it might take to become debt-free – all in just a few minutes, with no impact on your credit.