Credible Review StaffMay. 15, 2019

In a Nutshell

Credible has been a well-known lending portal for almost 10 years. The company is not a direct lender, but rather it matches borrowers with the best lenders for them, letting them compare multiple loan offers. If you have debt weighing you down, a personal loan from a Credible lender may be just the thing to get you out of it. Learn more in this detailed review.


  • Personalized rates given upon application
  • Various financing options
  • Totally free service to use


  • Not a direct lender
  • Won’t work directly with your debtors to help settle debt
  • Very poor credit scores may not get approval without a cosigner

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How a Personal Loan From Credible Can Help You Consolidate Debt

It’s worth noting that Credible is not your typical debt consolidation service. In fact, it’s not one at all. Instead, it is a lending marketplace that offers borrowers the opportunity for loans and loan refinancing at an affordable rate. How can this help you consolidate your debt? It’s simple. You take out a personal loan from one of Credible’s trusted lenders and use it to pay off all of your debt. Then you slowly pay back the lender through scheduled monthly payments.

Paying off a single lender is a lot easier than juggling all of those various addresses your debt is currently going to. Plus, you will almost definitely get better rates from a Credible lender than you are presently paying to your credit card companies or other debtors. So, it's easier to pay off, and you end up paying less in the long run.

Why Go with Credible

The name itself speaks volumes, and yes, this financial assistance service is definitely known for being upfront, straightforward, and, well, credible. Credible holds a 9.6 rating on Trustpilot and has a positive name, something rare in this industry. It works with the most trusted lenders in the industry, including Marcus by Goldman Sachs, LightStream, Upstart, and Prosper. Credible even helps borrowers better understand the lending industry by providing valuable resources and information explaining the entire process.

Reliability is one reason you’d use this service to help you get out of debt. Another reason Credible is a good choice for debt consolidation is that it offers you personalized rates within 2 minutes. Most debt consolidation and loan networks will only give you an estimate of rates that you may receive. But Credible provides you with accurate terms based on your provided information. This is important because it gives you a real picture of what type of terms you will be working with if you opt for one of these plans.

Credible also makes comparison shopping a cinch. To begin with, the platform allows you to fill out one application form and have it sent to a whole network of lenders at once. This not only improves your chances of getting approved for a loan, but it also lowers your rates thanks to competitive marketing. What really makes the whole process easier is the comparison aspect. You’ll receive a list of loan offers from various lenders after you’ve applied. You can look through the offers and compare the terms to get the best deal. Credible even has filters to help you narrow down your choices based on the aspects that are most important to you.

What’s Offered

  • Student loans
  • Student loan refinancing
  • Personal loans
  • Mortgages
  • Mortgage refinancing
  • Credit cards


Credible is free to use, so you have nothing to lose signing up. You’ll get access to a huge network of reliable lenders, and it’s all through a single online application that takes minutes to fill out. Plus, when you work with Credible, you have access to a number of financing options. So, you’re not tied to a single venue or loan product that might not fit your specific situation.

Credible lenders offer personal loans of up to $100,000. That’s a lot of money and competes with the top name banks and third-party lenders on the market. Having a high lending cap also makes it easier for people in debt to pay off various debtors with a single loan. A lower lending cap could mean you’d have to take out multiple loans to cover your entire debt. That is not only difficult to get approved for but defeats part of the purpose of using a single payment personal loan to alleviate the more complicated multiple-payment situation you’re in now.

  • Personalized rates given upon application
  • Various financing options
  • Totally free service to use
  • Huge network of reliable lenders
  • One application to many lenders
  • Up to $100,000 for personal loans

Types of Debt Covered

Probably the best part of using Credible’s personal loans marketplace to consolidate your debt is the fact that there are no strings attached. If you go through a regular debt consolidation service, you’ll be subject to rules and regulations, fines, and terms. Since Credible is offering borrowers personal loans, none of that applies. A personal loan is given by the lender without any restrictions or caveats. You can use the money for anything you want, and all you have to do is pay it back each month according to your repayment plan.

A personal loan from Credible is really a great option for any number of types of debt including credit card debt, outstanding loans, medical bills debt, and more. By the way, if your debt consists primarily of student loans, Credible has excellent student loan refinancing options that could help alleviate this type of debt faster.

Site Security

As you would expect from a reliable financial institution, Credible takes strong precautions to protect your privacy and keep your private information safe. For one thing, the entire site is covered by 256-bit encryption. That's what banks use, so you are well protected here. Additionally, Credible has an Extended Validation 2048-bit SSL Certificate for even more resilient security. That, plus features like HTTPS secure site, process time out, and password protection, keeps Credible on top of security.

Help & Support

Credible does customer support right. It offers just about every conceivable support option you could ask for. You can reach out for help via phone, email, or even live chat. Credible also has a great FAQ section that is more like a full help center with tons of questions and answers covering everything you need to know about lending and borrowing. You can even reach out to support via social media channels like Facebook and Twitter, and you’ll get an answer pretty quickly.

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Physical Address

22 4th St. Fl 8

San Francisco, CA 94103

Contact Details


Phone: 866-540-6005

Live chat: Directly on site StaffJun. 18, 2019
Our editorial staff is comprised of writers who are knowledgeable about financial services. We specialize in simplifying the process of choosing the debt consolidation service for your needs.