Is Credible a Good Loan Company to Trust

Credible is a well-established online lender that offers personal loans to individuals with good credit. Their loan amounts range from $1,000 to $40,000.

One of the standout features of Credible is their low APRs, with some loans as low as 4.99%. This is a significant advantage for borrowers who want to save money on interest.

Credible's loan terms are also flexible, with repayment periods ranging from 24 to 84 months. This allows borrowers to choose a repayment plan that suits their budget.

Borrowers have reported positive experiences with Credible's customer service, citing friendly and knowledgeable representatives who helped them through the loan process.

Credible's user experience is designed to be simple and straightforward. You can easily navigate the platform to compare loan offers, submit documentation, and track your loan application status.

Credible boasts a 4.8-star rating on Trustpilot, with users praising the user-friendly interface. This makes it easy to find what you need and get started on your loan application.

The company's website is designed with user-friendliness in mind, making it easy to compare loan offers and submit the necessary documentation. This saves you time and effort, and gets you closer to getting the loan you need.

Credible's customer reviews are generally positive, with many reviewers citing a fast and easy loan process. Many reviewers on Trustpilot and Google report quick approval and getting loan funds within days.

Here are some customer review ratings at a glance:

While some reviewers have reported issues with the online application process, Credible responds to each negative review by offering an explanation or a chance to resolve the matter. This shows that the company is committed to customer satisfaction.

Credible offers a wide range of loan options to help you achieve your financial goals. You can get matched with multiple loan options from a variety of lending partners, saving you the hassle of applying for preapprovals multiple times.

With Credible, you can find loan options for student loans, mortgages, credit card refinancing, debt consolidation, auto loans, bad credit auto loans, home improvement loans, and more. They also offer a $200 gift card if you find a lower rate than you are prequalified for with a different lender, not on Credible.

Some of the specific loan options available through Credible include:

Credible's lending partners also offer bad credit auto loans and debt consolidation loans to help you manage your finances. With Credible, you can find the right loan for your needs and achieve financial stability.

Mortgages are a common type of loan designed to help you buy or refinance your home. Credible's mortgage marketplace integrates lenders and credit bureaus, allowing you to compare personalized prequalified mortgage rates and terms across multiple lenders in just 3 minutes.

You can find rates and offers tailored to your specific situation by answering questions about your situation. This system actively removes duplicative questions from the process and offers a concierge-level experience all the way to closing.

Credible's licensed loan officers provide concierge service to borrowers throughout the process. Reviews of Credible's mortgage services have praised the company for giving customers a great rate and a streamlined process.

One customer from Raleigh, North Carolina, closed her loan in just 21 days and noted that her friends took twice as long to close on a mortgage loan through another service. With multiple trusted lenders offering fixed and adjustable rates, Credible's mortgage marketplace is a great option to consider.

Here are some key benefits of using Credible's mortgage marketplace:

Upgrade vs. Upstart is a crucial comparison for anyone considering a personal loan. Upgrade offers loan amounts ranging from $1,000 to $50,000, which is the same range as Upstart.

If you're looking to cover emergency expenses or consolidate debt, Upgrade might be the better choice, as it's specifically designed for these purposes.

Both Upgrade and Upstart can fund loans as soon as one business day, so you won't have to wait long to access the cash you need.

The APRs for Upgrade loans range from 9.99% to 35.99%, while Upstart's APRs range from 7.40% to 35.99%.

Here's a comparison of the two lenders at a glance:

Keep in mind that Upgrade requires a minimum credit score of 580, whereas Upstart doesn't have a specific requirement.

Applying for a loan with Credible is a straightforward process that can be completed online or by phone. You can start by filling out Credible's online request form or applying by phone with the necessary information.

You'll need to provide your email address, name, phone number, education level, Social Security number, and income history. This information will help Credible determine which lenders are best for you and provide you with an estimated monthly payment and rate range without impacting your credit score.

Credible performs a soft credit inquiry to verify your identity and determine which lenders are best for you. This soft credit pull won't affect your credit.

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To qualify for a loan, you'll need to meet certain requirements, which vary by lender. Generally, you'll need to have a qualifying credit score, income, and debt-to-income ratio, or a cosigner with one. You'll also need to be enrolled in a qualifying education program, be a US citizen or legal resident with a Social Security number, and be at least 18 years old with a high school diploma or equivalent.

Here are the basic qualifications you'll need to meet:

After you've applied, you'll receive an estimated monthly payment and rate range. You'll then need to sign a loan agreement and work loan payments into your budget.

Credible's lending partners offer a range of fixed rates, with APRs from 7.74% to 15.94%. The better your credit and the shorter the repayment period, the more likely you'll be eligible for offers with a lower APR.

Credible's loan amounts range from $1000 to $200,000, and repayment periods vary from 12 to 120 months. This flexibility can be helpful if you need a loan for a specific purpose or have a unique financial situation.

Most lenders offer unsecured loans, but some may require a secured loan. It's essential to review the terms and conditions of each loan offer carefully.

Here are some key details about Credible's loan options:

Credible's fees are transparent, and you won't be charged any fees for using their platform. However, the interest rates and origination fees will vary depending on your chosen lender.

Credible has a strong reputation among customers, with a 4.8-star rating on Trustpilot, based on 7,526 reviews. This suggests a high level of customer satisfaction.

The majority of reviewers on Trustpilot and Google report a fast and easy loan process, with many lenders offering options. This is reflected in the 4.8/5 rating on both platforms.

However, a small percentage of reviewers on BBB reported problems viewing loan offers or issues with support for the application process. This is based on just 9 reviews, suggesting that these issues are not widespread.

Here's a breakdown of Credible's customer ratings on various platforms:

What makes up a company's reputation? Let's take a look at Credible, a company that offers loan services. The most credible reviews are positive, citing a fast and easy loan process.

Many reviewers on Trustpilot and Google report quick approval and getting loan funds within days. This suggests that Credible's process is indeed efficient.

A small percentage of reviewers said funding for their loans took longer than a week or reported trouble navigating the online Credible application process. This indicates that not all users have a seamless experience.

Here's a breakdown of the reviews from various sources:

It's worth noting that the few reviewers on BBB who reported problems viewed loan offers or issues with support for the application process.

Credible's customer satisfaction ratings are a mixed bag, but overall, they're generally positive. On Trustpilot, they have a 4.8-star rating, which is impressive, and users love their user-friendly interface, strong chances of approval, and swift processing times.

However, on the Better Business Bureau (BBB), they have a 1-star rating, which is a stark contrast. But, it's worth noting that the BBB rating is based on just 9 reviews, which is a tiny sample size compared to the thousands of reviews on Trustpilot.

Here are some specific customer satisfaction ratings from various review platforms:

Some reviewers on the BBB reported problems with viewing loan offers or issues with support for the application process. But on the other hand, many reviewers on Trustpilot and Google report quick approval and getting loan funds within days.

When evaluating a company's reputation, financial stability is a crucial aspect to consider. Credible partners with 17 respected and financially stable lending institutions.

This diverse network of lenders provides borrowers with access to a wide range of loan options. By offering a diverse selection of lenders, Credible ensures borrowers can find loan solutions that align with their unique financial situations.

Credible's strong reputation is a testament to its ability to navigate the complex world of lending. As a well-established company, Credible has built trust with its partners and customers.

Credible is not a direct lender, but rather a platform that connects borrowers with reputable lenders. This approach allows Credible to maintain its focus on providing a seamless borrowing experience.

Credible's loan comparison tool is a game-changer, allowing you to compare loan terms, interest rates, and perks from up to 10 lenders without affecting your credit score.

To get started, you simply fill out a quick form with details like your school and type of degree, which takes less than 2 minutes. This gives you access to options from Credible's top lenders.

Credible offers competitive borrowing options through partnerships with lenders, and earns commissions from the lenders on its platform.

Credible is a loan marketplace that allows borrowers to compare loan terms, interest rates, and various perks and drawbacks. It's not a lender itself, but rather a platform that connects you with competitive borrowing options through partnerships with lenders.

Credible earns commissions from the lenders on its platform, so you can be sure you're getting a fair deal. This is a great feature for borrowers who want to shop around and find the best loan for their needs.

One of the benefits of using Credible's comparison tool is that it can connect you with loan options specifically tailored for credit card refinancing. By refinancing your current credit card debt, you can either lower your monthly payments or get more time to pay off what you owe.

Both Credible and Splash Financial offer loan terms ranging between five to 20 years, depending on the partner lender you choose. This gives you a good range of options to consider when selecting a loan.

If you find a lower rate than you're prequalified for with a different lender through Credible, you can earn a $200 gift card. However, it's worth noting that finding a lower rate elsewhere might not be easy to do.

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Earnest is a notable competitor to Credible, offering student loans with a unique perk: the ability to skip one payment yearly. This perk requires making at least six months of consecutive on-time payments and keeping the loan in good standing.

With Earnest, you won't pay origination fees or prepayment penalties, just like Credible. However, interest will accrue during the skipped payment period, extending the final payoff date of your loan.

Credible's refinancing services allow you to compare prequalified student loan refinancing rates from up to 10 lenders without affecting your credit score. This is a significant advantage, as it gives you a clear picture of your options.

You can fill out a quick form on Credible's website to get prequalified rates, which should take less than 2 minutes. This form asks for basic information such as your school and type of degree.

If you refinance federal student loans into a private loan with Credible, you'll lose access to federal loan protections like income-based repayment and loan forgiveness. This is an important consideration when deciding between Credible and other lenders.

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