HOW IT WORKS
How Our Credit Card Debt Consolidation Loan Process Works
At Liberty1, we make personal loan lending clear, supportive, and fast — so you can move forward with confidence. We’re committed to creating a stress-free borrowing experience rooted in trust and understanding. With straightforward terms, quick approvals, and a dedicated support team, Liberty1 is here to help you take control of your finances. Building a strong financial foundation that supports your future. Trusted guidance from a lending partner who puts your needs first.
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YOUR CREDIT SCORE
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SOLUTIONS FOR YOUR SITUATION
35,132
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7,824
Consolidation Loans
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Frequently Asked questions
At Liberty1 Financial, we offer personal loans with interest rates starting as low as 6.99% APR. However, it’s important to understand that the rate you qualify for is based on several personal factors. We look at your credit profile, income, debt-to-income ratio, and overall financial situation—not just your credit score. Our goal is to offer fair, transparent rates that match your unique circumstances. When you reach out to us, we’ll explain your specific rate and how it compares to your existing debts, so you can see the potential savings upfront.
While we don’t list a public range of loan amounts, our typical clients come to us with an average of $40,000 in debt they’re looking to consolidate. We focus on helping individuals who are managing significant debt loads and need a comprehensive solution. Whether you’re dealing with credit cards, personal loans, or medical bills, we’ll work to provide a loan amount that covers your needs without overextending your finances.
We’ve designed our application process to be fast and hassle-free. You can complete the initial application online in just five minutes. From there, our team takes over to review your information, reach out to you personally, and guide you through the next steps. We believe applying for financial help shouldn’t be overwhelming, so we keep it simple while ensuring you feel supported at every step.
Once your loan is approved, we work to get funds into your bank account as quickly as possible—typically within 24 to 48 hours. The exact timing can vary based on your bank and the final processing steps, but we prioritize speed because we know how important immediate financial relief can be.
At Liberty1 Financial, we don’t believe your credit score should define your future. We specialize in working with clients across the credit spectrum, including those with fair, poor, or limited credit histories. Our approach is to look at the bigger picture—your income, your ability to repay, and your overall financial goals. So even if your score isn’t where you’d like it to be, you still have options with us.
No, it won’t. When you check your eligibility or go through our prequalification process, we only perform a soft credit inquiry. This means we can assess your loan options without impacting your credit score. A hard credit pull would only happen if you decide to move forward with a loan offer. We believe you should be able to explore your options without worry.
When you apply with us, you’ll typically need to provide:
A valid form of identification (such as a driver’s license or state ID)
Proof of income (pay stubs, tax returns, or bank statements)
Information about your debts and assets
Every client’s situation is unique, so once you’re in touch with our team, we’ll give you a clear list of exactly what’s needed. We’re here to make the process as smooth as possible.
Yes, you absolutely can. Many of our clients are retirees or individuals on fixed incomes. We understand the challenges that come with managing debt during retirement. Our loan options are designed to be flexible, and we take into account all sources of income, including pensions, Social Security, or retirement account distributions. We’ll work with you to find a solution that fits your needs and financial situation.
We’re committed to transparency. Any applicable origination fees will be clearly disclosed before you accept a loan offer. As for prepayment, we never penalize you for paying off your loan early. In fact, we encourage it if you’re able to do so—it can save you money on interest. Our goal is to help you regain control of your finances, not keep you in debt longer.
While every loan is tailored to the individual, most personal loan repayment terms range between 24 to 60 months. We’ll walk you through your options, explaining how different term lengths affect your monthly payments and total interest paid. Our priority is helping you choose a repayment plan that fits your budget and sets you up for success.
Yes, we do. Setting up autopay is a convenient way to ensure your payments are always on time, helping you avoid late fees and protect your credit. During your loan setup, our team will guide you through enrolling in autopay if you choose. We want repayment to be as stress-free and manageable as possible.
Debt consolidation with us means combining multiple debts—like credit cards, medical bills, and personal loans—into a single loan with one monthly payment. This approach simplifies your finances and can lower your overall interest rate, saving you money in the long run. We’ll walk you through exactly how this works, show you how much you can save, and help you understand how this loan fits into your bigger financial picture.
You can use our loans to consolidate unsecured debts such as:
Credit card balances
Medical bills
Personal loans
Collections accounts (in some cases)
If you’re unsure whether a specific debt qualifies, just ask us. We’ll review your situation and give you clear guidance on what can be included.
While every client’s savings will vary, we’re proud to have helped our clients collectively save over $45 million. On average, clients come to us with around $40,000 in debt, and many see significant reductions in their interest rates and monthly payments. During your consultation, we’ll show you a side-by-side comparison of your current payments versus what you could save with a consolidation loan.
This depends on the lender we match you with. In some cases, direct payment to creditors is an option, which can streamline the consolidation process even further. We’ll discuss this with you during your consultation and ensure you know exactly how the funds will be disbursed.
Yes, we’re honored to support veterans with tailored loan programs that may include favorable rates or special terms. If you’re a veteran, let us know during your application process. We’ll ensure you’re connected with the best available options designed to meet your needs and recognize your service.
We understand that life happens—unexpected expenses, medical emergencies, or job changes can affect your credit. That’s why we offer loan options specifically designed for individuals with bad credit. We’ll take the time to understand your situation, educate you on your options, and help you find a path forward. Our focus is on providing realistic, responsible solutions—not judgment.
Yes, we specialize in helping households manage higher debt balances. If you feel overwhelmed by multiple debts and high-interest payments, we can help you consolidate those into a single, manageable loan. Our consultative approach means we’ll explain every step, ensuring you feel informed and empowered throughout the process.