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MEFA Review

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Reviews 4,671

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Sarah Badani
Sarah Badani
May. 03, 20214 min read

MEFA summary

MEFA (Massachusetts Educational Financing Authority) is a non-profit organization that offers undergraduate and postgraduate student loans at very competitive fixed interest rates, and student loan refinancing at fixed and variable rates. MEFA has flexible repayment plans that include deferred payments and an interest-only grace period.

Pros

  • Flexible repayment terms, including deferred payments
  • No application, origination, or prepayment fees

Cons

  • No details about minimum credit score
  • You need to reapply for a new loan each academic year
MEFAat a glance
4.2

Editorial score

Online experience

Has learning resources, access to rates, mobile app

5.0

Customer services and support

Multiple ways of reaching lender, wide range of hours

4.0

Repayment flexibility

Offers multiple repayment plans- but no special repayment programs

4.0

Loan Types Covered

Covers most student loan types

4.0

Eligibility

Doesn't cover bad credit, low income borrowers

4.0

MEFA MEFA View Rates

Overview

MEFA is a non-profit organization based in Massachusetts that aims to help all students access the education they want. It offers a range of resources, including advice on saving for college, information on federal and local financial aid, and college payment plans. MEFA has been running for 35 years as a non-profit state-based and state-chartered organization. It provides undergraduate, postgraduate, and refinancing student loans.

Suitable For?

MEFA student loans are suitable for any new or existing undergraduate or postgraduate students who are looking for a student loan to cover their entire course of study. MEFA loans have low rates and flexible repayments, making them ideal for cash-strapped students. Because you can apply with a cosigner, it also makes them suitable for anyone with a friend or relative helping them out.

Loan Features

MEFA's student loans include fixed undergraduate and postgraduate loans and fixed and variable student loan refinancing options. You can apply for the assistance alone or with a cosigner, and choose flexible repayments that include deferments and interest-only payments. MEFA doesn’t charge any origination, application, or prepayment fees, and the rates are very competitive, beginning at 1.92%-8.24% .

  • Choose between fixed and variable rates for student loan refinancing
  • Apply with or without a cosigner
  • Defer repayments or make interest-only payments for up to 60 months
  • No application, origination, or prepayment fees

The Application Process

MEFA has a fully online application process, although you can also apply over the phone. You’ll get an instant credit decision without waiting around.

Undergraduate and postgraduate student loans:

You’ll need to begin by sharing your:

  • Social Security number
  • Date of birth
  • Phone number, email address, and current and previous residential addresses
  • Monthly income
  • Housing costs and employment information

You’ll get an instant credit decision, and then you can compare the costs and rates of different loans to choose the one that’s right for you. Finally, you’ll need to review and e-sign your loan documents before the whole loan application is sent to your college or university to be certified.

MEFA refinancing loan:

  • Create an account
  • Wait while MEFA runs a soft credit check
  • Choose an interest rate, then complete a more detailed online application that includes information about your current loans
  • MEFA will then run a hard credit check to conditionally approve your application
  • Upload some documents
  • Decide on a variable or fixed interest rate and e-sign your document

Eligibility Requirements

Undergraduate and postgraduate student loans:

  • Be enrolled for at least half-time in an eligible educational institution
  • Have a satisfactory attendance record
  • Be a citizen of the US
  • You or your cosigner also need to meet MEFA’s credit approval requirements, but MEFA doesn’t reveal what those are online
  • You can apply for the loan for only one academic year at a time, so you'll need to reapply for each year of your course of study

Student loan refinancing:

You can apply to refinance any federal or private student loan that is:

  • Current and in repayment when you apply
  • Isn’t in deferment, forbearance, or grace period
  • Was used to pay for education at an eligible college or university
  • Was repaid on time each month, for the last 12 months
  • Is for at least $10,000

Loan Rates

Undergrad and postgrad student loans come with fixed interest rates that range from 2.79%.

You can apply with a cosigner for undergraduate and postgraduate loans, but it's not clear how your credit score or the credit score of your cosigner will affect your interest rates.

Repayment Terms

Undergraduate and consolidated or refinanced student loans have a repayment term of 10 or 15 years. Postgraduate loan repayment terms are 15 years, and there’s no prepayment penalties for any MEFA student loans.

MEFA allows you to choose between several repayment options for undergraduate loans:

  • Immediate repayment, where you begin paying off the interest and the principal of the loan the month after receiving the funds, and pay the loan off fully within 10 or 15 years.
  • Interest-only payments begin immediately after receiving the loan funds. You begin paying off the principal of the loan as well after your enrollment in school ends, and complete repayments within 15 years of receiving disbursement.
  • Deferred payments put off repaying anything until 6 months after you graduate, leave school, or are studying less than half-time. You can defer repayments for up to 60 months, but still, need to repay the loan within 15 years.

Deferred with cosigner release defers all repayments until 6 months after you graduate, leave school, or are studying less than half-time. After the first 48 consecutive payments, the cosigner can request release. You can defer payments for up to 60 months, and need to repay the loan within 15 years.

Postgraduate loans can be:

  • Repaid immediately
  • Repaid with interest-only payments until you finish your studies
  • Deferred for up to 36 months or until you graduate, leave school, or are studying less than half-time

Whatever you choose, you have to finish repaying the loan within 15 years of receiving the funds.

Student loans that are refinanced or consolidated through MEFA come with particular repayment terms and conditions that aren’t detailed on the website.

How Safe Is It?

MEFA has a transparent and clear privacy and security policy shared on the website, which specifies how it will gather and share your data. MEFA won’t sell your data to third parties. Although MEFA uses various unspecified security measures, it doesn’t encrypt incoming email or comments, so it warns borrowers not to send sensitive information through the website. It does monitor the site for hacking attempts.

Customer Service

MEFA provides general customer support through email and over the phone, from 9am to 5pm, Monday through Friday. There are dedicated lines for specific departments, and MEFA is also active on Twitter, Facebook, and LinkedIn. MEFA doesn’t have an FAQ section or troubleshooting tips.

How MEFA Compares


MEFACollege Ave
APR (Fixed Rate)2.79%
3.34%
Minimum credit scoreNot specified680
Loan amounts$1,500 - total cost of attendance for 1 year$5,000-$250,000
Accepts cosigners Yes Yes 
Suitable forUndergrad, postgrads, and graduates who want to consolidate their student debtGraduates who need to consolidate their student debt

Summary

Overall, MEFA provides a great deal of useful resources for students who need help financing their education. The financial education resources, webinars, and advice about different ways to pay for college add value to MEFA’s student loans. Student loans from MEFA come with flexible repayment terms and competitive interest rates, but it would help if the website gave more information about credit score requirements.

MEFA MEFA View Rates

Sarah Badani
Written bySarah Badani

Sarah Badani has extensive research and review experience in the finance industry. With a degree in psychology and education, she brings a level of depth and understanding to her writing along with her own flavor to spice up each topic in a unique and inviting way. She writes for BestMoney and enjoys helping readers make sense of the options on the market.‎

MEFA
MEFA
ExcellentReviews 4,671
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Trustpilot reviews

See what some costumers are saying about MEFA
MEFA
AverageReviews 4,671
on
Excellent
87%
Great
8%
Average
1%
Poor
1%
Bad
3%
  • author
    James
    15 hours ago
    wonderfull to work with even for un…

    wonderfull to work with even for un tech people

    ...

  • author
    Joseph Fontaine
    2 days ago
    Awesome and fantastic love you Credible

    Awesome and fantastic love you Credible

    ...

  • author
    J Rains
    3 days ago
    Really easy sorta

    Really easy. It said I was approved. Then days later it said I was declined. Then days later I had a bank asking for info to complete my loan. I wasn't sure if it was real or not so I ignored it because I thought I had been declined. Turns out it was real. Got my loan without much issue other than initial confusion.

    ...

  • author
    Jamie
    4 days ago
    Credible made getting a student loan…

    Credible made getting a student loan for my son quick and painless!! Customer service was great with quick responses and very helpful when I had a question.

    ...

  • author
    Maryann Dooley
    Jul 19, 2021
    This was an easy and wonderful…

    This was an easy and wonderful experience. We found the loan we wanted at an excellent payment and interest rate and from a reputable provider.

    ...

  • author
    KS
    Jul 19, 2021
    No Complaints

    Using Credible was a breeze. Everything from the clean website design to the consistent email communication was great. I'd use Credible again if the need arises!

    ...

  • author
    Brandon John
    Jul 18, 2021
    great deal

    Grear for my side its very helpful to me

    ...

  • author
    DeeR
    Jul 17, 2021
    Services provided are expedious and…

    Services provided are expedious and very user friendly. Even when I called for a question, it was answered quickly.

    ...

  • author
    PA Student
    Jul 16, 2021
    You'll never get the referral bonus promised

    Several times a week credible asks me to refer a friend and, in return, get a $500 bonus. I did as they asked, my friend completed the process. For over a month I have been given the run around about my bonus. Constant, just wait a little longer, it'll be there within 30 days, blah blah blah. We are well past the time frame and I am still being yanked around by this BS. I have wasted so much time following up on this and now I'm infuriated. Do not bother referring anyone to this group.

    ...

  • author
    ParentCosigner
    Jul 16, 2021
    Great place to Compare

    The site is simple and easy to use. It compared all different types of student loans and I could toggle with the length of repayment and the types of repayment. Credible is my go to for student loan comparison.

    ...

  • author
    Cole
    Jul 15, 2021
    Great service

    Great service

    ...

  • author
    Isabella Ezanidis
    Jul 15, 2021
    Easy experience with lots of good info

    Easy experience with lots of good info

    ...

  • author
    MS
    Jul 15, 2021
    Super Quick Process

    This site was SO helpful. The whole process of finding the right refinance rate for me literally took minutes, and the response from credible and from a lender working with me was so fast! The entire process from start to finish took only a matter of days, and I'm so appreciative.

    ...

  • author
    Tara
    Jul 14, 2021
    Extremely helpful site to compare…

    Extremely helpful site to compare student loans and make the process that much easier.

    ...

  • author
    W. White
    Jul 13, 2021
    Very helpful for comparing rates!

    Very helpful for comparing rates!

    ...

  • author
    David
    Jul 13, 2021
    Easy refinance of my private student…

    Easy refinance of my private student loans and I saved a buncha $$$!!! Can’t beat that…

    ...

  • author
    Customer
    Jul 13, 2021
    Great place to get pre-approved and…

    Great place to get pre-approved and check rates without a hard credit check. Also, they are with you every step. I always go through Credible for student loans.

    ...

  • author
    Edward Driscoll
    Jul 13, 2021
    process was quick and staff helpful…

    process was quick and staff helpful with questions but rates changed from those quoted. A few asterisks involved in the process . Beware

    ...

  • author
    Kyle Vaughan
    Jul 13, 2021
    This was a very simple process!

    This was a very simple process and extremely easy to use! I would recommend this site for anyone looking for assistance in securing funding.

    ...

  • author
    Jason
    Jul 13, 2021
    Helped me get the best rate!

    Credible was a great one stop shop to understand the different loan provider rates available. Customer service was super friendly and responsive. Highly recommend using credible for your refinancing needs.

    ...

  • author
    Shanika Hibbert
    Jul 11, 2021
    At first I thought that Credible was…

    At first I thought that Credible was the actual loan company but it’s not however it recommend loan companies to you one of mines was upstarts PenFed I try upstarts but wasn’t approved then I try PenFed and was approved for the amount that’s I wanted they send me a check and their interest rate is good 👍🏽 I am happy 😃 so thanks to Credible

    ...

  • author
    Katrina MC
    Jul 11, 2021
    5 Stars

    Applicable deals and real-life recommendations to increase your financial literacy and propel your way to FIRE.

    ...

  • author
    David Pennington
    Jul 10, 2021
    Credible was easy to use and found a…

    Credible was easy to use and found a good rate. However, I refinanced my loan several weeks ago and I’m still waiting on my signing bonus. Overall happy, as long as they do eventually get it to me.

    ...

  • author
    Janice
    Jul 10, 2021
    Easy Process

    Intructions were straightforward and easy to follow. Phone support person friendly and clear. Overall process was easy.

    ...

  • author
    Brett B
    Jul 09, 2021
    Made the school loan refinance process…

    Made the school loan refinance process a total breeze. Wish I had done it sooner!

    ...

  • author
    Clayton
    Jul 09, 2021
    The process was easy!

    The process was easy and the Credible team was accessible to answer several questions I had. Rates were great and I feel confident going into the fall semester knowing my student loan is good to go. A+ for service.

    ...

  • author
    Richard Tenge
    Jul 09, 2021
    Delivered as promised!

    Delivered as promised!

    ...

  • author
    Lori Kennedy
    Jul 09, 2021
    The process to apply was quick and…

    The process to apply was quick and easy. I will use them again.

    ...

  • author
    B Watts
    Jul 06, 2021
    Made my search so easy!

    Used Credible to research Private Student Loans. I was given several options and able to find the one that checked all the boxes. Credible made it very easy and understandable and have recommended to others looking for a similar loan. Customer Service was excellent and the representative knowlegable.

    ...

  • author
    Josh
    Jul 06, 2021
    Found a great rate for my refinance

    Found a great rate for my refinance! Smooth, easy process.

    ...

  • author
    Disappointed Customer
    Jul 05, 2021
    Disappointing

    I tried to set up my student loan refinance and I never got the email to set it up all the way. Customer service seemed helpful but I still never got the email they said I would receive. I did my refinance through the bank itself because credible was unreliable.

    ...

  • author
    Bailey
    Jul 01, 2021
    Credible made it quick and easy to find…

    Credible made it quick and easy to find a student loan that fit my specific needs. I would recommend Credible to any person looking to refinance student loans as quickly as possible.

    ...

  • author
    Theresa Taylor
    Jun 30, 2021
    Great experience!

    Great experience!

    ...

  • author
    Sherri K
    Jun 29, 2021
    Refinancing student loans went very…

    Refinancing student loans went very smoothly. I had a number of loan options to choose from with different rates and terms and found a loan that fit all my criteria. The representatives were very helpful and responded to questions very quickly.

    ...

  • author
    Kortnee
    Jun 27, 2021
    Very basic process; quick.

    Very basic process; though, be prepared to provide your secured information for a credit check - financials, SS#, DOB, etc. Credible then connects you to 3+ potential lenders. Once you choose a interest rate that works for you, you will then need to provide even more secured information to that lender in order to be approved.

    ...

  • author
    Sean
    Jun 26, 2021
    Helped me find much needed student loan…

    Helped me find much needed student loan refinancing. I didn’t even know where to start, and Credible made the process incredibly understandable and streamlined.

    ...

  • author
    JD Simpson
    Jun 25, 2021
    Ease of Excellence

    Quick, easy, informative and professional.

    ...

  • author
    ZAW TUN
    Jun 24, 2021
    Great place to get a loan

    Great place to get a loan

    ...

  • author
    Cheryl Story
    Jun 23, 2021
    Application

    The entire process was very user friendly .No snags when uploading docs and other items at all ! I made an error on my first application and a staff member advised quickly how to adjust .This was not something I wanted to do but it was necessary . The site helped make it simple which helped .Many Thanks!

    ...

  • author
    Sally Cortes-Behrens
    Jun 23, 2021
    quick and easy to apply

    quick and easy to apply

    ...

  • author
    Jonathan Liem
    Jun 23, 2021
    Easy to use

    Easy to use! I appreciated the help, the site was easy to use, got a great rate, saved a bunch of money!

    ...

  • author
    NK
    Jun 23, 2021
    Great overall, communication lacking

    Communication wasn't always timely or accurate, but we ultimately got the loan refinancing we needed. The platform offered us access to options we would not likely have found otherwise.

    ...

  • author
    Shannon Brunston
    Jun 23, 2021
    I should have passed, too good to be true.

    The only options for student loan refinancing seem to require a co-signer, regardless if you have excellent credit.

    ...

  • author
    Michael C
    Jun 21, 2021
    I’ve been looking to refinance for a long time!

    I’ve been looking to refinance for a long tine and spoke to numerous companies but no one ever got me as low of a rate as Credible did. Very happy I refinanced and happy for the help!

    ...

  • author
    Elecia Grider
    Jun 21, 2021
    Literally the easiest website to use to…

    Literally the easiest website to use to see all your potential refinance options for student loans. Found my best deal and got my rate down to 2.89%! I’m paying my loans off faster and saving a grand a year! Amazing 😎

    ...

  • author
    N/A N/A
    Jun 21, 2021
    Credible is excellent.

    Credible has been the easiest, straight-forward financial program I have worked with.

    ...

  • author
    KG
    Jun 20, 2021
    Great

    Great service

    ...

  • author
    Mickler & Associates, Inc.
    Jun 20, 2021
    It was ridiculously easy

    It was ridiculously easy. I was sitting on the couch and applied for refi'ing my student loan; within two hours, everything was done and I had secured refinancing. I just can't understand how it'd be easier than that.

    ...

  • author
    N/A N/A
    Jun 18, 2021
    The whole process was very easy

    The whole process was very easy. I liked the way I can compare different companies.

    ...

  • author
    Brian Jonkman
    Jun 18, 2021
    Great experience

    Quick, easy, and efficient. Reduced my student loans by 2 points.

    ...

  • author
    Megan Marasco
    Jun 18, 2021
    Would recommend!

    Super easy to use. Quick and efficient!

    ...

  • author
    Coreen Beckford
    Jun 17, 2021
    My overall experience was excellent.

    My overall experience was excellent. Credible is a very fast and reliable source. They were able to help me locate and choose the a reputable lending institution.

    ...

  • author
    MM
    Jun 15, 2021
    Thank you Credible

    Credible is a seamless process! I did not have much confidence in going this route because it was unfamiliar. Credible takes the complicated out of refinancing! Thank you Credible

    ...

  • author
    David
    Jun 15, 2021
    Easy to use and very quick and…

    Easy to use and very quick and efficient student loan refinance application process. Would highly recommend to others give. Wry competitive interest rates.

    ...

  • author
    Joel Bowman
    Jun 15, 2021
    Really happy with this website

    Really happy with this website, very trustworthy from our experience and handled our personal information really well.

    ...

  • author
    Chelsea Slater
    Jun 14, 2021
    Couldn't believe how easy credible was…

    Couldn't believe how easy Credible was to use! I got rates in minutes and was able to see multiple offers from different lenders. Not to mention, their customer service is so quick and informative. I am a very satisfied customer!

    ...

  • author
    Tyler Bird
    Jun 14, 2021
    Truly "Credible" For The Service

    This site thoroughly helped me find a viable option to refinance my student loans; I do recommend using this site for others that need the same types of service. Thank you greatly.

    ...

  • author
    John Gomez
    Jun 14, 2021
    You performed in a most professional…

    You performed in a most professional manner in helping find several choices for the student loan refinance. Even with our credit challenges, we were very satisfied with the results.

    ...

  • author
    Kaiden Estep
    Jun 13, 2021
    Easy to use

    Easy to use. Received offers quickly. 100% satisfaction. Highly recommend.

    ...

  • author
    Samantha Rowe
    Jun 06, 2021
    AMAZING

    So easy to use and reliable, I am very happy with picking this!

    ...

  • author
    Dave Stock
    Jun 06, 2021
    Simple to check rates and contact…

    Simple to check rates and contact lenders.

    ...

  • author
    DD
    Jun 06, 2021
    Easy process great options

    Easy process great options

    ...

  • author
    Shauna Dominguez
    Jun 06, 2021
    Flipping applicants saved us money

    My husband and I wanted to refi some loans we consolidated many years ago. He finished with his BA but I later went on to get my MS. The process to fill out, choose, sign and complete the loan was extremely easy, beyond easy. My 4 stars comes from finding out, quite by chance, that if we flipped the way we applied for our loan we could get the lowest interest rate, the one shown when we first applied. This most likely was just in our case but we would’ve never known if we hadn’t called. You see his BA was difficult to authenticate because it was in 2001 but also my MS was more recent and a higher degree. We both have good credit, and he makes twice as much as I do so I can only believe the difference in interest rates came from these other factors. This is my only criticism of the process. It worked out but we almost lost saving $3000+ over the term. BTW it wasn’t a crazy difference, just about .05% but when you owe a lot, everything helps. All in all a good experience, I’m happy with what we received, we’re still waiting on the Amazon bonus but we’re told that takes 6-8 weeks.

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  • author
    Justin Bryk
    Jun 04, 2021
    Definitely Recommend lending tree over…

    Definitely Recommend lending tree over this dumpster company...emails and faxing bank statements for 3 weeks...they can shove all that up their asses..they will just keep throwing fees at you ...scumbag lady told me covid doesn't exist.. play the recorded call u scumbags

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  • author
    Tim
    Jun 04, 2021
    Credible makes good use of technology

    My experience with Credible was exemplary. Their method of using digital tools makes the process simple and quick.

    ...

  • author
    CYNTHIA
    Jun 03, 2021
    Quick and easy

    Quick and easy. I refinanced my sons student loan I had as a parent and it was so easy. Answer on minutes. Highly recommend.

    ...

  • author
    TMG
    Jun 03, 2021
    Some important info was left out

    The search process was easy, and we landed on a bank with decent rates and good reviews. However, I give Credible a 3 for not vetting the banks better. The good rate we were offered by Citizens Bank depended on us getting a bank account with them. No big deal, right? Well, Citizens doesn't make it clear that you have to live in only a few states to open a checking or savings account with them. By then I was most of the way through the process. I asked Citizens how in the wrold I was supposed to open an account then to get the rate that was dangled in front of me - "Oh! You can just open a mortgage or get a personal loan!" Ah, yes, the casual mortgage, of course. (And funny that I could get a mortgage but not a checking account, right?) I think Credible needs to make it clearer - or make the banks they work with be clearer - about the process for actually getting these great rates. Added: I appreciate Credible's response (maybe they are actually paying attention!).

    ...

  • author
    Heather Temple
    Jun 03, 2021
    Easy to use and quick response time

    Easy to use and quick response time. Will use them again with my next child’s student loans😊

    ...

  • author
    Mark H
    Jun 02, 2021
    BULL SH_T....I got a email from them and it said…

    I got a email from them and it said will not hurt my score BULLSH_T They pulled my credit and my score went down by 15 points. Then offered me a lender who requires a vehicle title with value of loan. I have 2 leased vehicles 2020 and 2021 Toyota. My 4th leases.This company sucks.

    ...

  • author
    SC
    Jun 02, 2021
    Great results!

    Great results!

    ...

  • author
    JaeLynn
    May 31, 2021
    Super Easy to Use

    Very easy step by step process. Very easy to understand all of your options and the process.

    ...

  • author
    Jason Shivley
    May 31, 2021
    Helped me find lower payments and interest rates!

    I’ve used them twice now because they do a great job helping people find a repayment plan that fits their life.

    ...

  • author
    J.J.
    May 30, 2021
    Saved my life with student loans

    My student loans have been the primary source of financial anxiety for the last six years. Within minutes of logging onto Credible, I felt like a weight had been lifted off my back. It let me compare several different options that I prequalified for, choose the plan that was best for me, and sent reminders for paperwork and other action items needed to finalize the refi. Within a week, my money had been disbursed and my variable interest rate had been cut by 75% and was now fixed, with a monthly payment that was HALF of what I used to owe, without changing the life of my loan. I’m so thankful for credible for changing my life & giving me the financial freedom I’ve been searching for!

    ...

  • author
    Pablo Angulo
    May 29, 2021
    Excellent company with amazing customer…

    Excellent company with amazing customer service! Very pleased!

    ...

  • author
    Kelsey
    May 28, 2021
    Busy Mom Refi'd!

    Really thrilled at the options presented by Credible and ways to compare at my fingertips. Hard to believe there are no fees with this, but I am happily proven wrong. Monthly savings was my first goal, but I was able to moderate the timeline for repayment as well, because Credible presented so many options.

    ...

  • author
    Rachael Willits
    May 27, 2021
    So easy to use and quick!

    So easy to use and quick!

    ...

  • author
    Benjamin Walton
    May 27, 2021
    Very pleased with Credible

    Very pleased with Credible. Was very easy to use and happy with being able to refinance my student loans.

    ...

  • author
    Matt Arnold
    May 27, 2021
    Best interest rates available

    Using Credit was easy and straight forward. It gave me lower interest options than even just going through the lender I chose without Credible as the middle man. Would recommend to anyone.

    ...

  • author
    charles c
    May 27, 2021
    Refinancing the student loans were…

    Refinancing the student loans were quick, easy and painless. Thank you!

    ...

  • author
    shirin hasavari
    May 25, 2021
    Refinancing my student loans

    Hi, The process was smooth and quick. I liked the citizenship website that is user friendly and clear. Thanks very much for assisting me in refinancing my private student loan. Sincerely, Shirin

    ...

  • author
    Michael
    May 25, 2021
    I chose a loan option that I felt best…

    I chose a loan option that I felt best suited my needs. I heard from a representative the next day, and my application was in an approved within a week. I couldn't have asked for a better experience.

    ...

  • author
    Parent
    May 25, 2021
    Trusted

    Great Student Loan Matching. Will use again.

    ...

  • author
    LP
    May 24, 2021
    They lure you in with a low interest…

    They lure you in with a low interest rate, then when you go to accept your loan offer, the interest rate suddenly increases to a higher amount. Classic bait and switch. If I didn't already have a hard pull on my credit score, I probably would have called the bank directly, scratched the existing application, and filed a new one directly with the bank (for a lower rate). (And yes it is possible because that's what I did with my MIL's student loans when I refinanced hers). I didn't do that for myself because 1) the loan that I was refinancing wasn't that large so it wasn't worth it for me (it would have only saved me a few hundred dollars over the course of the loan, I was simply looking to lower my monthly payment). and 2) I am looking to buy a house within the next year, so I didn't want to have 3 hard pulls on my credit report (1 existing, 1 through credible, then another one through the bank directly), so I just completed my existing application through credible to save myself a dip in my credit score. If you could afford 2 hard pulls on your credit report (as in you don't have any currently) then that's what I suggest doing. The only thing this website is good for is comparing lenders. Oh and their customer service was awful. I almost hung up on the guy because he was so incredibly rude.

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  • author
    ATP
    May 23, 2021
    The on-line application platform was…

    The on-line application platform was user friendly and straight forward. We also were impressed with the efficiency of the system and timely communication provided to us throughout the process.

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  • author
    Brenda Silveira
    May 20, 2021
    Great step by step process!

    Great step by step process!

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  • author
    tractorgyan
    May 20, 2021
    Powertrac tractor

    Powertrac tractor Powertrac provides tractors in the HP range of 25 HP - 60 HP. It manufactures tractors that fulfill the requirements of Indian farmers. The tractors are Powerful as well as fuel-efficient, which turns to be beneficial for the customer to buy it. Its wide HP range gives the variety to choose from.

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  • author
    Day
    May 19, 2021
    Awesome service

    Awesome service! I like how I was given many different options!! Very streamlined and easy!!

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  • author
    S Finch
    May 18, 2021
    I used Credible to choose a company to…

    I used Credible to choose a company to refinance my student loans. They were very useful and easy!

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  • author
    Alexandra
    May 18, 2021
    Credible is an amazing resource for…

    Credible is an amazing resource for finding private student loans. They filter through various companies to find the one that best fits your needs and preferences. Credible also shows you companies that will most likely approve your application based on the information you provide. It made this very stressful task a breeze. 10/10 would recommend it for anyone looking for loan guidance.

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  • author
    Kelly
    May 18, 2021
    Great resource!

    Great resource!

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  • author
    debbie cruz
    May 18, 2021
    Very bad website

    Very bad website

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  • author
    John
    May 18, 2021
    Refinance Student Loan

    Credible site helps me to choose the options which is best suit for me. It is one stop to check the multiple offers from multiple lenders

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  • author
    Wilber Lopez
    May 18, 2021
    Using credible was great!

    Using credible was great! It was so easy to use. The response was quick and easy. I would definitely recommend to others.

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  • author
    Cindy Campbell
    May 18, 2021
    It was fast and easy

    It was fast and easy. I am very happy with the service and rate I was able to get.

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  • author
    Diana
    May 18, 2021
    unprofessional unprofessional unprofessional

    we were pre approved for a large loan, the loan company called and said we had been approved. Four hours later we get an email stating the loan was denied. The business practices of the loan company were very unprofessional. We did not need the money but kept getting notices to get more credit, apply for more cards or take a loan, so we did. NEVER AGAIN this is a scam and you all come off in a bad light, maybe don't deal with predatory lenders, maybe deal with professional lenders, do something to up your game. The whole entire experience was bad, handled in a very unprofessional way. For someone who was waiting for that money and really needed it, this whole situation could have been really bad, and the loan company would have been entirely to blame but would also have gotten off blame free. BAD BUSINESS PRACTICES

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  • author
    Michael Lacala
    May 16, 2021
    Credible was helpful in finding the…

    Credible was helpful in finding the best refinancing company for me and they provided extra incentive for me to refinance through a gift card. It was a good amount of savings in total. Thank you

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  • author
    Heather W.
    May 16, 2021
    They get the job done with plenty of choices!

    This is actually my second time refinancing through Credible. The first time, they helped me knock my interest rate from 11% down to 5.75%. I chose to keep my monthly payment about the same, but much more of my payment went to the principal balance. It also reduced the number of years I would pay on the loan. I also had an issue where my original loan servicer misapplied the funds. I was only refinancing certain loans for various reasons and specified that in the terms, but they spread the funds out over all of my loans, which really screwed me up. But Credible stood by me every step of the way and made Navient fix their screwup in a timely manner! The second time, the rate dropped to 3.32%. It knocked my monthly payment down significantly. The entire process took about two weeks from application to the disbursement of funds. No problems this time around! The thing I like most about Credible is that they give you a variety of plans and lenders to choose from. Fixed or variable interest, anywhere from 5-20+ year repayment plans, and plenty of other choices. You just choose the option that works best for you. I would also like to mention that I applied with several other refinancing companies including SOFI and Splash Financial the second time around just to see who had the best offer. Credible easily had the best offers, hands down!

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  • author
    Elizabeth Angeles
    May 14, 2021
    The representatives that I've talked to…

    The representatives that I've talked to were very knowledgeable and very helpful. I'm very pleased to have gone through Credible for my student loan.

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  • author
    Randall From Solon
    May 13, 2021
    The process was fast and easy

    The process was fast and easy. Only issue I had was had to go online to view status of the application and discovered it was pending needing some required documents to be signed. All else was good and the rates were very competitive.

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  • author
    Michael
    May 11, 2021
    The real deal

    The real deal. I was hesitant at first. But glad I did check it out. Credible delivered as promised. They exceeded my expectations. Got the exact financing I wanted with a great rate and term.

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