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Reach Financial
AUTHORIZED PARTNER

Reach Financial

Formerly Liberty Lending

 4.9/5 (7 ratings)
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Reach Financial
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Written by Lorraine Roberte
Edited by Shawn Richardson

About Reach Financial

Reach Financial offers personal loans to help you refinance credit card debt or consolidate debts from various creditors. You can check your rate on a loan from $3,500 to $40,000 with no effect on your credit score, then customize your loan terms. Other benefits include monthly access to your credit score, the ability to pause your payment for up to 90 days and U.S.-based customer service.

Overall Satisfaction Rating

  • 5 stars
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  • 1 stars

Pros

  • Customizable loan terms
  • Free credit score monthly
  • Payment pause up to 90 days
  • Cash bonuses for paying on time

Cons

  • Limited uses for loans
  • No weekend phone support

Bottom Line

Reach Financial offers personal loans for refinancing or consolidating debt in amounts up to $40,000. You can check your fixed rate on a loan with no hit to your credit and get an offer in minutes.

What is Reach Financial?

Reach Financial’s goal is to help customers pay off debt faster. It provides personal unsecured loans for refinancing credit card debt and consolidating debt. Reach Financial claims its customers have paid off a total of $1 billion in debt while also raising their credit scores an average of 50 points over three months by making on-time payments.

Reach Financial loans are issued by either MetaBank or FinWise Bank. Reach Financial is based in New York City and offers customer support by phone Monday through Friday.

How does Reach Financial work?

You can get started with Reach Financial by checking your rate online:

  1. Choose a loan amount between $3,500 and $40,000. Select your loan purpose: consolidating debt or refinancing credit card debt.
  2. Fill out identifying information, including your name, email address, phone number, date of birth and address. You also need to provide your gross annual income, type and length of employment and monthly housing payment.
  3. Once you have submitted the required information, you’ll see your rate in minutes. Reach Financial runs a soft credit check, so your credit score won’t be affected. From there, you can customize your loan terms before officially applying for a loan. You’ll choose a payoff strategy during the process, which includes the loan balances you want to consolidate or refinance.

Your loan comes with other benefits, like free monthly credit score updates and even cash bonuses for paying on time. If you’re struggling to meet a payment deadline, you may be able to pause your payments for up to 90 days by submitting a hardship request. Your loan will continue to accrue interest during this period.

Reach Financial rates

Reach Financial’s fixed annual percentage rates (APR) range from 5.99% to 35.99% at the time of publishing. The rate you get depends on your credit history, loan amount and term length. Reach Financial charges an origination fee from 2% to 5%. The best way to find out your rate is to check it on the website; it takes minutes and doesn’t affect your credit score.

Reach Financial FAQ

Does Reach Financial affect my credit?

Checking your rate from Reach Financial doesn't affect your credit. Typically, a lender only does a hard credit pull once you formally apply for a loan. This can lower your score by several points.

Can you refinance with Reach Financial?

Reach Financial offers debt consolidation loans and loans that help you refinance your credit card debt.

How much money can I borrow from Reach Financial?

You can borrow between $3,500 and $40,000 from Reach Financial.

How long does it take to get a loan from Reach Financial?

It takes around 48 hours after loan approval for a creditor to receive the loan funds, according to Reach Financial.

Is Reach Financial legit?

Reach Financial is a legitimate company that has helped borrowers pay off hundreds of millions of dollars in debt. Loans are funded by two FDIC-insured banks. The company offers several good features, including monthly credit score updates and payment pauses. However, unlike with many other lenders, you can only use its personal loans to pay off debt. If you're looking for a debt consolidation loan or a credit card refinancing loan, we suggest getting a rate quote from Reach Financial and comparing it with other offers.

Reach Financial Reviews

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Page 1 Reviews 0 - 5
Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: Nov. 12, 2022

Getting my loan was really easy. The process was just under half an hour. They addressed everything I needed when I called. Hopefully, it has been a good experience with them. I feel better that I've gotten to consolidate some debt that was stressing me out. Now, there is less money going out every month as I pay off this debt.

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    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Oct. 27, 2022

    The experience with Reach Financial was simple and straightforward. I e-signed DocuSign and the lending process took 15 minutes. My personal experience was very pleasant. I got an unsecured loan and the interest rate would make it better. But it is what it is. Some of the AI algorithms evaluate a lot more than just a credit score.

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    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Oct. 26, 2022

    Their application process was very easy. Everything was very simple, yet I didn't feel like it was a scam. It wasn't super fast to the point where I had doubts. But it was perfect. They were also very easy to work with. It was a very positive experience.

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    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Oct. 15, 2022

    I borrowed some money from Reach Financial to pay a few of my credit cards off. I did it online, and I set the payment date as the 25th. I haven't made first payment yet, but it’s gonna be electronic each month. Overall, Reach Financial did what they said they would do, and I’m satisfied with them. I never thought about going into debt to get out of debt, but one bigger payment is a lot easier to handle than five smaller payments. I would recommend it again.

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    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Oct. 11, 2022

    It was a simplistic application process. Everything was clear-cut, clearly thought out, and easy to use. They always gave me updates on what step my application was in. They were super good at communicating. Working with them definitely freed up stuff like budgeting with different things. There are a lot of random debts that I got to consolidate. Now, I'm not worried about 18 different payments. I'm only worried about one. It was a painless experience. It was nice to finally have someone that made it easy.

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    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Oct. 13, 2022

    I’ve had a wonderful experience with Reach Financial. The rep asked some questions, filled out the whole form for me, then sent it in. I just had to fill out the online portion. It was super easy to do and understand.

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    Rated with 4 stars
    Verified Reviewer
    Original review: Oct. 11, 2022

    Reach Financial commitment to inform customers of due date for pmt. A company that communicates well gains our trust and is effective in helping everyone who needs help. Reach has helped me to a better future. To all a Reach Financial thank you so much. Danel R. **..

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    Reach Financial Company Information

    Company Name:
    Reach Financial
    Website:
    www.reach.com