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Credible Review

Reviews 6,610
Credible
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Credible
Credible
Excellent
Reviews 6,610
Michael Dinich
Aug. 03, 2023
3 min read
Michael Dinich
Credible Summary
Credible is a free online personal loan brokerage service perfect for anyone with a high credit rating looking to consolidate debt, finance a major purchase, or open a business.

Pros

  • No fees
  • Get responses in minutes

Cons

  • High credit score required
  • Doesn’t work with credit unions or refinancing companies

Credible at a glance

9.6
Editorial score

Variety of loan types

Offers all loan types
10.0

Online experience

Has learning resources, access to rates, mobile app
10.0

Customer services and support

Multiple ways of reaching lender, wide range of hours
8.0

Loan amount range

Loan amount $50K+
10.0

Repayment flexibility

Loan terms 60 months+
10.0

Credible Credible Visit Credible

Overview

Credible is an online loans broker that provides fast and free initial responses, ideal for anyone who needs a loan and doesn’t know where to start. It speeds up the process of hunting for a personal loan by sending your application to multiple providers at the same time and running a soft credit check (which doesn’t affect your credit rating). Credible offers multiple preliminary loan offers so that you can easily compare your options and then contact the lender directly to complete the loan process.

With Credible you can get loan offers  from multiple providers and choose the best one for your needs

Suitable For?

Borrowers with good credit scores who want to consolidate their debt. Credible requires a credit score of around 620 and up to qualify for its service, but the lowest APR of  5.20% - 35.99% makes it a potentially cost-effective way to consolidate all debt payments into one.

Loan Features

Credible’s biggest draw is the speed of response. Completing multiple application forms asking for the same information, again and again, is draining and time-consuming, so being able to get responses in minutes from a number of lenders with just 1 application is a big plus. 

Unlike many loan broker services, Credible is transparent about its fees.

You can use Credible to check up on loan offers for different amounts without harming your credit rating, which is useful if you aren’t yet sure how much you will need. With loan amounts ranging from $600 to $100,000, you can get useful loan offers whether you need to redo your home or just bridge a small gap till your next paycheck.

Highlights for Credible:

  • Fast response time
  • No fees for the service
  • Access to multiple lenders at once
  • Side by side comparison guide
  • Faster path to getting the loan; some lenders can process your request within one business day

The Application Process

Credible’s online application process is streamlined and straightforward and can be started by creating a password-protected account. Choose the personal loans option from the drop-down list and complete a 2-page online application. Credible asks about your education history and employment status, annual income, and credit score. You'll have to provide personal identifying information that includes your social security number, date of birth, and address and share how much you want to borrow and why.

After receiving this information, Credible will carry out a short ‘soft credit’ check to verify your credit rating and identification details. These checks don’t affect your credit standing at all. Your credit result and application is then sent on to a number of loan companies.

Within a few minutes, Credible offers multiple pre-qualification loan offers. You can compare vital features such as the APR, repayment terms, and requirements at a glance in a clear table, or click through to the website to get more details. Once you find a loan offer that suits you, visit the provider’s website to see if you like their terms and conditions. You’ll finish off the application process on the provider’s website.

Credible requirements:

  • Credit score of 620 and over
  • Citizenship or permanent residency of the United States
  • A checking account in your name
  • You must be over 18 years old

Credible Credible Visit Credible

Loan Terms

As a loan broker, Credible doesn’t extend specific loan terms. The lowest APR for personal loans via Credible ranges from 5.20% - 35.99%. Loan amounts stretch from $600 to $100,000, making it a flexible site for borrowers who aren’t yet sure what they need.

Consumers should remember that terms can fluctuate even after you receive a pre-qualification offer. No loan terms are guaranteed until the lender has performed a hard credit check and confirmed that your application is accepted, so if you get a good loan offer you should act to secure it quickly.

Repayment Terms

Again, repayment terms vary from lender to lender. The maximum repayment term via Credible is 5 years, with some terms as low as 24 months. This is a relatively short repayment term, which could be a problem for borrowers who want to spread their payments out further so as to pay less each month.

Privacy & Security

Credible has a reputation for being trustworthy with your personal details, but they don’t bear any responsibility for the loan companies that might make you an offer. It’s up to the borrower to check out the prospective lending company thoroughly to make sure that they feel comfortable with their policies and approach.

Help & Support

Credible’s website is clear and easy to move through, with an FAQ section that is simple to find. Their FAQs do not cover all the information you might like to know, such as what the requirements are for application, but they are well organized.

We were pleased with their level of customer service; emails are replied to promptly and comprehensively, and they are careful about staying in touch to answer your questions. Credible has a fast telephone customer service team as well as online live chat.

How Credible Compares


CredibleLendingTree
APR5.20% - 35.99%5.99% - 35.99%
Minimum credit score620none
Loan amounts$600 - $100,000$1,000 - $50,000
Loan term24 - 84 months3 - 180 months
Suitable forDebt consolidationComparing a variety of loan options

When compared to LendingTree, Credible has similar APRs but offers higher maximum loan amounts. LendingTree has more flexible loan terms but if you have good credit you'll be able to take advantage of Credible's favorable rates. 

FAQs

How do I know if I'm eligible for a loan with Credible?

Just fill out the quick and easy application form, and if you qualify you’ll instantly receive personalized, prequalified rates on your Credible Dashboard from all the partner lenders you qualify for.

How much does it cost to use Credible?

It doesn't cost anything. Using Credible is free and while its partner lenders do pay a fee, the fee does not impact the terms of your loan or the amount you pay the lender.

How can Credible help me refinance my student loans?

Credible enables you to compare the student loan refinancing products from multiple lenders you qualify for side-by-side, based on all of the criteria that are important to you, like total repayment amount, APR, repayment options, and monthly payment.

Is Credible legitimate?

Credible has an overall 5-star rating on Trustpilot and is considered to be a reliable lender with a solid reputation.

Summary

Credible is a fast and free online loan brokerage service which returns multiple pre-qualification personal loan offers for borrowers. Appreciated by many consumers for its swift response time and clear comparison tables, Credible is a useful tool for anyone with a high credit rating and a need to consolidate debt, finance a major purchase, or open a business. If you don't have good credit rating, you’ll need to look elsewhere.

Physical Address

101 Green Street Level 2

San Francisco, CA

94111

Credible Credible Visit Credible

Editorial Disclosure

This content is not provided by Credible or any of the providers on the Credible website. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by Credible.

Michael Dinich
Written by
Michael Dinich
Michael has worked in personal finance since 1999. He shares unique insights on how to save money, increase income and prepare for retirement. Michael is a sought-after expert in the areas of taxation, personal finance, and health insurance planning. He writes for BestMoney and enjoys helping readers make sense of the options on the market.‎
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Trustpilot reviews
See what some customers are saying about Credible
Credible
Excellent
Reviews 6,610
on
Excellent
87%
Great
8%
Average
1%
Poor
1%
Bad
3%
M
marcia petry
14 hours ago
Immediate access to "live" personnel
Yes, this falls inline with "convenience". However, being able to immediately access a "live" person to talk with during the entire process with being respectful, polite and being able to answer my questions is priceless these days. THANK YOU TO ALL THAT ASSISTED.
J
john d sipes
a day ago
Easy and fairly quick process
Easy and fairly quick process. They put the money straight into your account and makes it easy.
C
crystal speer
a day ago
The process was super easy and fast…
The process was super easy and fast from start to finish.
m
mobkuz
a day ago
Quick
Quick, easy, listed all the stipulations and policies
M
m.a.
a day ago
You are fair and honest
You are fair and honest. The process was simple to apply. Your rates were best out there.
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michael d. bray
a day ago
The loan offers were terrible
The loan offers were terrible. I went elsewhere & was taken care of immediately!
m
mark petter
2 days ago
Fast and easy
Fast and easy
G
gordon paitsel
2 days ago
Being there when I needed them.
You were there when I needed the help the most and you followed through. I thank you!
B
brandon markwell
3 days ago
I was turned away from credit by the…
I was turned away from credit by the banks CC companies and I needed it drastically and company came through to make this possible for me Thank you
K
kato
3 days ago
Accuracy and speed
Accuracy and speed
C
claudiomucio
3 days ago
Very easy
Very easy, and fast money!! Good interest rating!! I recommend!!
J
joyce bour
4 days ago
Fastest response ever!!
Fastest response ever!!
R
robert huzzard
4 days ago
The information provided was was easy…
The information provided was was easy to understand and explained everything needed. The process was easy to follow and was very smooth.
L
lillian
4 days ago
Super fast
Super fast! I needed 12k for a purchase and the money was pending in my bank account the same day and available for withdraw the next morning.
S
steven roache
4 days ago
Quick and easy view of lenders and…
Quick and easy view of lenders and offers.
W
winnie
4 days ago
Loans
Fast,easy,and helpfull
D
d eaton
5 days ago
Getting the loan was fast and easy plus…
Getting the loan was fast and easy plus the best rate at the time
J
julio cruz
5 days ago
Prompt and efficient service.
The loan service was very efficient, no wasting of my time. I appreciate it. Thank you
D
daniel
5 days ago
Great experience
I found the loan I needed at a rate that saved me money and the lowest origination fee. Prompt approval and fund delivery.
A
alexander morton
5 days ago
Quick and easy
Quick and easy, got me what I needed.
A
anita j.
6 days ago
Finally, Results..
I have spent two weeks dealing with bait and switch offers. They advertise loans, but then turn out to be interested in Debt Management. I did not want to to erase my debt, I could afford it, I just wanted to consolidate it into a single payment and as a result, save a little. The same day I saw credible in my e-mail and signed onto their website, I found the solution I was looking for. I took a day to ensure I had thought everything through and a day later, the money was already in my bank account. I would recommend them to everyone. Thanks for the piece of mind they gave me..
t
tony hensley
6 days ago
I was able to see offers for my exact…
I was able to see offers for my exact loan amount, unlike other sites. I also received my best offer from Credible.
L
lisa
7 days ago
Easy application
Easy application Nice customer service Thank you
m
michael billitz
7 days ago
Quick and easy….what more could you…
Quick and easy….what more could you want?
L
lyndsey tanguma
7 days ago
Everyone was very nice and responsive
Everyone was very nice and responsive. The process was easy to follow and my great aunt, who cosigned for me was assisted every step of the way since she struggles with technology. Great experience, thank you!
P
pls
7 days ago
Best Thing
Quick results and good too!
G
gladys
7 days ago
Amazing experience
Fastest loan I’ve ever applied with from start to finish had immediate results love !!!
R
r jones
7 days ago
Very easy application and approval…
Very easy application and approval process. Quick response and approval. Quick distribution of funds.
T
travis
7 days ago
Great choices and simple
Great choices and simple, quick process. Would recommend.
D
dp
8 days ago
It Works!
Reaches alot of lenders.
c
customer
8 days ago
Very easy system
Very easy system
M
michael claflin
9 days ago
Responsive
Responsive, fast and polite Thanks
K
kristi c.
9 days ago
I can’t believe I transacted a loan from my cell phone while relaxing in my recliner!
I was able to find a great loan on a Friday. Did everything over my phone while sitting in my recliner, by Tuesday, all of my credit cards were paid off from the loan. Easiest financial process I have ever encountered. Already recommended this to a couple of friends in similar circumstances.
M
mike e ruesing
9 days ago
Fairly quick honest and friendly
Fairly quick honest and friendly. Good folks to work with
K
kenneth guzman
10 days ago
Fast pre approval with no hard inquiry…
Fast pre approval with no hard inquiry until you accept any offer.
c
customer
10 days ago
System of the processing was very…
System of the processing was very quick, but only if I could get the money quicker, but I am very satisfied.
A
alexander darby
11 days ago
Great tool for finding a loan
Credibly was a great tool to help me get the loan that I needed. I had gone to individual lenders sights and applied but couldn’t get what I wanted. I found Credibly through a Forbes posting and it worked out great. Would recommend them to anyone searching for a loan.
N
nick mann
11 days ago
Quick, Easy & Productive! :-)
My experience with Credible was quick, easy & productive (my loan was funded). I will certainly refer family & friends. Thank you, Credible! :-)
K
karen tucker
11 days ago
Easy process and best rates
Easy process and best rates
C
clayton enerson
12 days ago
very good experience
very good experience. Just good information
R
rj hendrix
13 days ago
Helped me with exactly what I needed
Helped me with exactly what I needed. Awesome experience and quick and smooth.
M
michael long
13 days ago
This process was very easy I simply…
This process was very easy I simply answered the questions on the application online and 2 days later I had the money in my account.Had no problems whatsoever
v
vickie stoner
13 days ago
We needed money for home improvements
Loan process was easy and got our funds in two days.
M
mara couch
13 days ago
It was fast
It was fast, simple and have me all the information I needed to pick the loan that worked best for me.
C
cara gerrets
13 days ago
Very easy process!
Very easy process!! Great service!
D
david tennant
14 days ago
Easy process of providing documentation…
Easy process of providing documentation and my service representative answered my questions and kept me up-to-date on the loan refinance process. Stan Mitchell did an awesome job.
L
laurie
14 days ago
Easy and pretty quick
Easy and pretty quick. Thank you!
S
steve arnold
14 days ago
Did what they said they would!
Did what they said they do… thank you!
T
tricia blair
14 days ago
My experience was great because my…
My experience was great because my representatives took the opportunity to help ease the steps when things got difficult.
K
kevin spivey
14 days ago
Quick
Quick, easy, and professional. Got it done in less than thirty minutes.
D
daniel kain
14 days ago
Very easy process
Very easy process. Did everything online and the best thing is they list the amount of every monthly payment.
R
robert hazen
14 days ago
Pretty easy relatively quick
Pretty easy relatively quick A little pricey on front end but hopefully can pay off early and save some interest
S
synthia sely
15 days ago
Made it very easy and straightforward.
Made it very easy and straightforward.
J
jack haus
15 days ago
They did a great job finding me a loan…
They did a great job finding me a loan to consolidate some of my credit card debt at a low interest rate
R
r hipps
15 days ago
The applications process was simple
The applications process was simple. The interest rate was very competitive. The money was received quickly.
D
deedee
15 days ago
Quick support by professionals service..... It was easy and the process was clear.
It was easy and the process was clear.
K
kyle mclaughlin
15 days ago
Great service
Great service
J
jody r
15 days ago
Fast
Fast response decision was made in 1 day
A
angel s.
15 days ago
Waldorf. MD
Process was easy and it was fast!
D
daniel koehn
15 days ago
Fast review
Fast review. Good communication.
R
robert m.
16 days ago
Loan Application Insanity...
When I applied it was through a link on the Forbes website. Unbeknownst to me they went to Discover, (they have a loan department just like a credit card department) and they tried to get it approved through them but unbeknownst to them I had just applied through Discover and for reasons I still don't fully understand that application was denied and so it was less than a day later that this Credible application came through. This caused a fraud investigation to be opened which was a pain in the rumpus. However in the end Credible did get the loan for me through PenFed credit Union and I think that's a better fit for me because it helps to have more various types of credit which the credit bureaus like to see. So the three-star rating would have been higher but nobody on the left-hand knew what the right hand was doing and you could not have foreseen that so otherwise I would have given Credible four stars.
R
ron boline
16 days ago
Credible/SoFi gave me a personal loan…
Credible/SoFi gave me a personal loan when others would not and at what passes for a decent ratethese days (less than 12%) . I received 1/2 of what I requested and I wanted a business loan vice personal but it has worked out regardless. It did take a lot of time and effort administratively to make it happen, hence the 4 and not a 5. Thanks SoFi!
T
tim
16 days ago
They helped me make a purchase I needed
They helped me make a purchase I needed
T
theresa g.
16 days ago
Matched me with a lender that had the…
Matched me with a lender that had the terms I was looking for. Application process was simple and I had the money the next day! The best thing is there is a local branch office in my city!
C
christopher huesman
16 days ago
Easy process.
Easy process.
M
m a
17 days ago
Saved me a lot of time and frustration
It reduced my research and comparison process time by a lot!
C
catherine oyler
17 days ago
Quick response time when I had a…
Quick response time when I had a question.
A
annie short
17 days ago
My experience with SoFi Company…
My rep was extremely friendly and helpful. I only needed minimal documents and was approved more quickly than expected, I have no complaints. I had a good experience with SoFi. Thanks so much. Annie
A
a.deleon
17 days ago
Satisfied
I didn't get what I asked for, but the accomodations still good and helpful. I received the funds fast. Thank you!
D
daniel noel
17 days ago
Great way to compare loans
Great way to compare loans. They lay out all the information you need.
J
jeffrey mitchell
17 days ago
Loan process
You did give us the loan, so that was great. Had to call and get help 3 times to complete the process. Last Rep was great and really helped finish off the process. Left hanging a little as we waited for funds to be dispersed wondering if we would be denied at the 11th hour. It did finally go through and we are very thankful for that.
S
stephanie
17 days ago
Your service made consolidating my debt…
Your service made consolidating my debt fast and easy
J
joyce andrews
17 days ago
Excellent customer services.
Great Customer service. Products exactly like I purchased.
J
james v green jr
17 days ago
Very fast and easy process…
Very fast and easy process…
w
wth
17 days ago
great service
fast no run around
C
clarissa villarino
17 days ago
Great over all and fast and easy
Not only are you able to see what is being offered by multiple lenders but you are able to compare APR and Payment totals and it also lets you know which one you’ll definitely be approved for
G
go somewhere else….
18 days ago
I’m a 37 year old licensed professional…
I’m a 37 year old licensed professional with 10 years of undergrad and graduate education combined. In attempting to see rates, credible has said I need a co-signer due to a lack of credit history and inability to pay toward a loan. My experience with credible leaves me feeling like an 18 year old just applying for college loans. I regret trying credible out, as SoFi offered rates immediately and had no issue with my credit history. So, I’d recommend anyone to skip credible, and head somewhere else.
D
david skotarczyk
18 days ago
Swift and Easy
Better than other online loan providers. Swift and easy application process. Good rate to compared to the others.
A
adam
19 days ago
Very easy and quick to deal with
Very easy and quick to deal with. Communications were great.
K
kristina r.
19 days ago
Great company!
My experience with Credible was amazing! It was quick and easy and they offered the best rates out there for someone with bad credit like me. I have been trying for over a year to consolidate some debt to help dig out of a hole and Credible really came through for me.
K
kevin augustine
20 days ago
I was pre-qualified for a certain rate…
I was pre-qualified for a certain rate and certain amount. It didn't amount to anywhere close to that.
A
andrea meagher
20 days ago
Clear instructions and excellent follow…
Clear instructions and excellent follow through! I really appreciate how smoothly everything was processed and the communication. This has been an easy and helpful experience.
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barbara reardon
20 days ago
The easiest, timely and honest instructions I've ever seen!
I truly appreciated being able to finalize my loan online! Since I have to be out of the house most days, I don't have time to conduct business on my phone. The instructions were direct and complete, plus simple for someone like me. I will recommend you to anyone I can.
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madhu dorai
21 days ago
Home Insurance nightmare
The good part was online quote was the cheapest I got for home Insurance in Florida. Without any reason my Insurance increased by $200 in less than a month, Deceptive and misleading quotes. I am still waiting for for over a month to get a refund for a cancelled Insurance. Good luck with getting to talk to an agent. There is a phone number to "no where" after making you select numerous options the final answer will be email. Pathetic customer service. Will not advise anyone to go with them and I will never choose them again. I choose them based on my Banks recommendation and looking at online reviews.
J
jessica martin
21 days ago
Simple to navigate
Website is easy to navigate.
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raul
21 days ago
Easy process and quick responses
Easy process and quick responses. Would use it again in the future.
L
lizette banuelos
22 days ago
Overall great experience
Overall great experience and easy to use tools.
A
angel amerson
22 days ago
Painless
Painless! Quick, efficient and seemless. Approval was quick as were finances. Would definitely recommend
D
diane m
22 days ago
It was a fast and easy process.
It was a fast and easy process.
G
george n.
22 days ago
It’s was a hassle free process
It’s was a hassle free process. Did not have to talk to anybody. Any the disbursement was super fast. I really appreciate all your efforts to see that I get my loan.
m
michael
23 days ago
Service as advertised
Quick, easy and reasonable rates.
G
gregory hamilton
23 days ago
It was an absolute pleasure dealing with this company.
From beginning to end, the most professional & easy-to-deal with company I have ever dealt with.
R
rafael fernandez
23 days ago
Very easy process
Very easy process, the loan officers were very helpful!
L
lori burnett
24 days ago
It was easy and when needing to contact…
It was easy and when needing to contact someone it was not a "process". The reps on the phone were nice and most took the time to help me out the first time.
J
jane
25 days ago
They found me a lender almost…
They found me a lender almost immediately and it only took a couple of weeks to finish all the paperwork and for the loan to be processed.
A
anthony harvey
25 days ago
Fast and easy
Fast and easy
M
mark
25 days ago
Saved money
Credible helped us to easily compare rates and save a bunch of money.
T
teresa
25 days ago
Fast and easy
Fast and easy
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john carter
25 days ago
Great progress
Thus program is a great opportunity for you to get the loan needed for your business.
E
elizabeth johnson
a month ago
Everything was done from my home
Everything was done from my home. Was easy and fast. I was nervous about doing on line but was reassured by a very nice customer representative