Disclosures
Reach Financial

Reach Financial Reviews

Formerly Liberty Lending

Reach Financial Reviews
4.7(73)
Author pictureAuthor picture
Author picture
Written by
Author picture
Edited by

Our promise. We provide a buying advantage with verified reviews and unbiased editorial research.

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.

Pros & Cons

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

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 Pathward National Association 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 0% to 8%. 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

Stars Rating

  • 79%
  • 16%
  • 5%
  • 0%
  • 0%

Popular Mentions

    How do I know I can trust these reviews about Reach Financial?
    • 4,476,427 reviews on ConsumerAffairs are verified.
    • We require contact information to ensure our reviewers are real.
    • We use intelligent software that helps us maintain the integrity of reviews.
    • Our moderators read all reviews to verify quality and helpfulness.
    Top reviews
    • Top reviews
    • Recent
    • Oldest
    • Most helpful

    A link has directed you to this review. Its location on this page may change next time you visit.

    How do I know I can trust these reviews about Reach Financial?
    • 4,476,427 reviews on ConsumerAffairs are verified.
    • We require contact information to ensure our reviewers are real.
    • We use intelligent software that helps us maintain the integrity of reviews.
    • Our moderators read all reviews to verify quality and helpfulness.
    Page 1 Reviews 0 - 5
    Verified purchase
    Online & AppStaffLoan ProcessTransparency

    Reviewed July 29, 2023

    Having Reach Financial consolidate your loans into one, which was initially what I wanted to do, was a blessing. And with the low price, it was very nice. It was a no-brainer. The application process was very simple and the reps were very helpful and flexible. They told me what the process was and it took 90 days for everything to transfer over to Reach Financial. But it was immediate. There wasn't much for me to do. What they said would happen, happened. The reps were very transparent, clear, knowledgeable and personable. If I had a question, they answered it. If they didn't know, they got someone who did. It was a very pleasant experience.

    Working with Reach helped me get to my goal to be debt free. It's not stressful, which is wonderful. They laid it out and didn't overwhelm you with a whole lot of information, like spam mail. It's very personal to me as well because when I went through National Debt Relief, I was very upset with myself. This is something that you don't want to do or have to happen but it did. But there was a solution and with Reach Financial, they took all of that stress away. I had a loan to pay for those creditors and get everything all done in one swoop, and it took a lot of stress when that happened.

    Not sure how to choose?

    Get buying tips about Personal Loans delivered to your inbox.

      By entering your email, you agree to sign up for consumer news, tips and giveaways from ConsumerAffairs. Unsubscribe at any time.

      Thanks for subscribing.

      You have successfully subscribed to our newsletter! Enjoy reading our tips and recommendations.

      Verified purchase

      Reviewed July 17, 2023

      A lot of the application was done electronically. So, once everything got submitted, I received a noticed that really outlined the summary as well as some of the information that they would be leveraging. Also, the customization was user-friendly to where I could select how I wanted to distribute different resources. Once I was ready, I was able to execute digitally and everything was smooth. But I wanted to have additional funds allocated and the information that I was given was that it was just not available at the time. I would have liked a little bit more clarification on how I could have additional resources approved because if I wanted to revisit that, I could absolutely do that as opposed to having a hard line in the sand saying, "No, this is what it is."

      Verified purchase
      Customer ServicePunctuality & SpeedStaffLoan Process

      Reviewed July 16, 2023

      I was going through National Debt Relief and they said I had done so well, making on-time payments and it was a good opportunity for me to get the debt settled a lot faster with a loan through Reach Financial. I had a few questions and the rep answered all of them. I didn't initiate this myself so, I was a little unsure. But he went through everything with me and was very patient. So, the application process was easy and the customer service was great. The turnaround was a day or two before I got the first settlement and that was fast. Five days later, I got another one. So, Reach appears to settle quickly. I haven't got my first payment through them yet and they said it might be slightly higher than what I'm paying but somewhat comparable. At least the settlements are done and it's not putting me so much in the hole where I'm going backwards of having to pay so much money. It's been a great experience so far.

      Verified purchase
      Customer ServiceStaffLoan Process

      Reviewed July 15, 2023

      I was pleased with the application process. That didn’t take long at all. Their customer support is great. I called and said, “I don’t want to send my bank account again to somebody that I don't even know who it's gonna be.” The rep went through it and told me they have all the information. That was very helpful. It’s awesome the way they take care of business. They sent the stuff off and paid it off. Now I’m just gonna pay them. I’m happy.

      Verified purchase
      Customer ServicePunctuality & SpeedLoan Process

      Reviewed July 15, 2023

      I did a debt consolidation and the application process was very fast and smooth. Once the debt consolidation was paid, I received information again from Reach with regard to the payment. Everything was agreed at the time of the contract and I knew every step before it happened. They notify me when it's going to be due and when it’s been automatically paid. Then, every time I call, I get the responses. I'm paying Reach off now and I still have seven more months. I would recommend them if people want to liquidate and put everything in one payment and get it done as soon as possible.

      Reviewed May 12, 2024

      I found this company through a credit score site that preapproved me with my credit score and was amazed how fast everything went through..I was hesitant at first in going through this company until I researched it more and seen a lot of good reviews. Thank you Reach for helping me!

      Verified purchase
      Rates

      Reviewed July 29, 2023

      I like the rates with Reach Financial. It was also easy to understand how to fill the application out.

      Verified purchase
      Staff

      Reviewed July 16, 2023

      They were very informative, helpful, and kind. They were pretty good. Reach settled our debt.

      Verified purchase
      Customer ServiceStaffTransparency

      Reviewed July 1, 2023

      I was the one who called to find out about my monthly because Reach Financial sent me an email and I received it, but it was good. The rep explained everything to me and they understood everything. All was good.

      Verified purchase
      Staff

      Reviewed June 30, 2023

      Once my loan was low enough, National Debt Relief transferred what was left of my debt to Reach Financial and I just paid a monthly fee. I recently just paid it off and dealing with Reach was very good. The rep I spoke with was very helpful and it took less than 30 minutes. I've been trying to get my credit report up and it’s been positive.

      Loading more reviews...

      Reach Financial Company Information

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