Credible Logo

Loan Amounts



Loan Term


12 to 84 months

APR Range



Min. Credit Score


Not specified

Editorial Rating

Credible Loan Review

Advertiser disclosure This page may contain links to our partners’ products and services, which allows us to keep our website sustainable. This means that may receive a compensation when you sign up and / or purchase a product or a service using our links. However, all opinions expressed in this article are solely ours, and this content is in no way provided or influenced by any of our partners.

Loan Amounts



Loan Term


12 to 84 months

APR Range



Min. Credit Score


Not specified




Funding Time


1–7 days

Founded in



BBB Rating



Min. Revenue


Not specified



USA (not all states)

Credible Logo

Editorial Rating

Looking for the best way to borrow money?

To help you in your search, we have reviewed Credible, one of the top lending platforms.

In this Credible review, you can discover more about:

  • What Credible is, and who it’s best for
  • How to apply for a loan via Credible
  • The terms and requirements of getting a loan with Credible
  • Credible loan customer reviews
  • The pros and cons of using Credible
  • The costs associated with using Credible
  • Your privacy and security when using Credible
  • Frequently asked questions (FAQ) about Credible

What Is Credible?

Credible is an online marketplace where borrowers have the option to view and compare financial products (e.g., loans, credit cards, and more) from multiple providers and find the one that suits their needs best.

Credible is not a direct lender — it is a platform where people can find the best available lenders for their financial situation.

Who Is Credible Best For?

Credible is suitable for virtually anyone who wants to check their loan options without going to multiple financial institutions and waiting to find out if they qualify. No matter the credit score borrowers have, Credible strives to find loan options for everyone.

By using Credible, borrowers can view, compare, and see if they prequalify for a loan online without it affecting their credit score.

And the best thing is, Credible offers its services for free — checking loan options via Credible won’t cost you a thing.

Getting Started with Credible

To get started with Credible, visit the official website and pick the product you want. You can choose between:

  • Student loans
  • Student loan refinancing
  • Personal loans
  • Home loans
  • Mortgage refinancing
  • Insurance
  • Credit cards (rewards, travel, student, and more)

If you opt for a loan, the next step is to choose the loan amount. You can request a loan amount from anywhere between $600 and $100,000.

Once you do, here are some details you’ll have to provide:

  • Education level
  • Employment status
  • Annual pre-tax income
  • Personal information:
    First and last name
    Date of birth
    Address (street, city, zip code)
    Whether you own or rent a property
    Monthly housing payments
    Social security number
    Phone number

When you fill out the form, you’ll be asked to create an account. You can provide an email address or sign up with your Google account.

After that, you’ll be able to check your loan options. This process shouldn’t take more than three minutes.

Terms & Requirements

Since Credible connects borrowers with different lenders, it is not responsible for the terms and requirements its partner lenders set. Since Credible works with a number of lenders, each of them can have different ones.

Still, there are some typical loan requirements most lenders agree on. These include:

  • Being 18 or older
  • Having a valid social security number
  • Being a US citizen or permanent resident
  • Having a verifiable bank account
  • Having a source of income

Some factors that usually influence your loan approval are:

  • A responsible credit history
  • A sufficient income after monthly expenses
  • Location
  • Availability of collateral
  • Financial situation
  • Loan amount
  • Cosigner

Credible User Reviews

What did borrowers who took out a loan with Credible have to say about the platform? We took a look at Credible loan reviews on BBB and Trustpilot, and here is what we found.

Although there aren’t that many Credible reviews on BBB, there are plenty of them on Trustpilot. Still, combining the ones we found on both platforms, we concluded that the majority of Credible customers had a positive experience with the platform.

Here is the summary of positive Credible reviews:

  • Many users reported that the whole loan process (applying, getting approved, and funding) was easy and quick
  • Customers appreciated being able to view and compare multiple loan options in one place
  • Users stated that the Credible Customer service team is quite helpful
  • Excellent options and low rates for student refinancing loans

And here is what customers most commonly mentioned in negative reviews:

  • Some customers got pre-approved for a loan and were rejected after applying
  • Several users reported Credible agents were persistent with phone calls and emails
  • Some clients reported getting terrible rates even with good or excellent credit

Credible Rates & Fees

Using Credible to check loan options is 100% free. Therefore, Credible doesn’t charge any fees.

However, the lenders whose offers borrowers accept may charge some fees. These most commonly include late payment fees or an origination fee.

As for the rates associated with Credible loans, these are also determined and set by the lender. Borrowers who explore loan options via Credible can expect an APR ranging from 3.99% to 35.99%.

To know exactly what rates and fees to expect, borrowers should take a good look at their loan agreement before signing.

Privacy & Security

When you fill out a form to check loan options via Credible, the platform collects all user-provided information (e.g., location information, cookies, and information about your device, browser, IP, and more).

Credible usually uses that information to:

  • Provide you with the services you requested
  • Communicate with you
  • Provide you with personalized content
  • Send you surveys and offers
  • Market and advertize
  • Research

Credible will share user information with:

  • Providers of the service you requested
  • Affiliates
  • Marketing partners
  • Third-party service providers that work on behalf of or with Credible

Credible tries to limit the sharing of user data whenever possible. However, should they wish to do so, customers can submit requests to:

  • Ask Credible to delete the personal data it obtained
  • Find out who Credible has shared their information with thus far

When it comes to user information safety, Credible uses various security measures to ensure the safety of all user information it obtains. These include:

  • Data encryption via TLS technology
  • Session timeout

Note: While Credible takes measures to protect user information, no Internet transmission or storage of information is 100% safe. Credible is also not responsible for the security measures of third parties.

Customer Support

Users can contact the customer support team by:

  • Submitting a contact form on the website
  • Via email
  • Via phone

Final Verdict

Now, let’s sum up what we liked and didn’t like about Credible.

The upside of using Credible is that borrowers can view and compare a great variety of loan options. Moreover, borrowers can use Credible to find loan options for various purposes — from personal to mortgage refinancing loans.

Furthermore, borrowers of all profiles can use Credible. No matter their credit rating, Credible has options for everyone — it even offers personal loans for bad credit.

Finally, using Credible to check loan options has no impact on customers’ credit scores and is completely free.

One major downside of using Credible is that the platform might share your information with its partners, affiliates, and third parties. However, by submitting the necessary requests, users can ask Credible to limit the sharing of the data it obtained or delete it.

All in all, we recommend Credible and believe it is one of the best places to get a personal loan.


  • A+ BBB rating.
  • Submitting an application is free.
  • Funds can be transferred within a week.
  • Loan terms range from 12 to 84 months.
  • Loan amounts range from $600 to $100,000.
  • Uses 256-bit encryption to secure your information.
  • Reputable partner lenders, such as Prosper, SoFi, Upgrade, etc.


  • Somewhat limited selection of lenders.
  • Being pre-qualified doesn’t guarantee approval.
  • Credible may share your personal data with third parties.
  • Loan amount term, interest rate type, fees, and requirements vary by lender.
  • Before reaching a final lending decision, loan providers may do a hard inquiry which can impact your credit score.
Credible Logo

Editorial Rating


Is Credible legit?

Yes, Credible is a legitimate loan marketplace. It was founded in 2012 and is headquartered in San Francisco, CA. The Credible platform is operated by Credible Operations, Inc.

Does Credible affect credit score?

Credible only does a soft pull to check your eligibility for a loan. Soft pulls don’t affect your credit score.

After you decide to apply for a loan with one of the lenders you were matched with, then the loan provider will do a hard pull before reaching a decision. This can damage your credit score by 5-10 points.

Does Credible verify income?

Yes. In order to find the best possible loan options, Credible will verify the information you provided about your income.

What credit score do you need for Credible?

Credible has no minimum credit score requirements. Therefore, borrowers of all profiles can check loan options via Credible and. However, applicants with bad credit are advised to add a cosigner.

How does Credible compare to other lenders?

Credible is not a lender but a platform that finds loan options for borrowers of all profiles. As far as such platforms go, we believe that Credible is one of the top loan connection companies. It is free to use and will find options for borrowers of all credit ratings. However, before reaching a final decision, you can always check loan options on platforms similar to Credible.

Is Credible a good loan company?

Based on Credible loan reviews by customers and judging by the variety of financial products it offers, we conclude that Credible is a good solution for borrowers of various profiles.