Expert Review

Customer Reviews

Credible Review

38 reviews

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.

pros

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

cons

  • 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

Credible Credible Visit Site

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

Highlights

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.

Credible Credible Visit Site

Physical Address

22 4th St. Fl 8

San Francisco, CA 94103

Contact Details

Email: Support@credible.com

Phone: 866-540-6005

Live chat: Directly on site

Top10.com's editorial staff is a professional team of editors, writers and experts with dozens of years of experience covering consumer, financial and business products and services.

Credible customer reviews

Based on 38 reviews

Ease of use

Brand satisfaction

Value for money

Service quality

Write review

Adjust category ratings

Ease of use

0 people say

Ease of use

Brand satisfaction

Value for money

Service quality

Brand satisfaction

0 people say

Ease of use

Brand satisfaction

Value for money

Service quality

Value for money

0 people say

Ease of use

Brand satisfaction

Value for money

Service quality

Service quality

0 people say

Ease of use

Brand satisfaction

Value for money

Service quality

Share your experience

People discuss, price, satisfaction level and more.

Write your review

10 Jul 2020

Almost done!

Check that everything's correct, fill in your details, and submit your review!

Anonymous.
0 people say

Ease of use

Brand satisfaction

Value for money

Service quality

Today

Thank you!

Top reviews

D**e, FL
6 months ago

Ease of use

Brand satisfaction

Value for money

Service quality

Because credibility is the most important thing in life. Credible is a very trustworthy company.

N****y, CA
9 months ago

Everything is good because I like it I dislike nothing it. This company was so good, they have everything right

S****a, NY
4 months ago

They are attentive to the details and remain calm when I am having an issue which I greatly appreciate!

M******e, MN
4 months ago

Very good programming system and easy to navigate around. Very good customer service for it's clients.

A***i, NY
8 months ago

Nothing everything was great I would use them again. I got a lot of money at a good rate and the interest was low

R**n, VA
7 months ago

Great interest rate and terms, as well as customer service. Very considerate of students when it comes to paying back the loan.

M******e, MN
5 months ago

Very easy program to use and very good customer service to get your student loans refinanced. They offer a lot of different loan services. A little cluttered with information, but information is good.

N***b, KY
4 months ago

I really enjoyed being able to try out this brand, it was interesting to try it and it turned out to be the easiest way for me to get my student loans

R***a, CA
7 months ago

They always promise me the best and it's hard to stay in school without money and this company helps

D***a, NY
6 months ago

It's not that bad of a loan company. It can help to call or talk to if you have any problems

C*t, OH
7 months ago

It is one of the easiest services to use and it is also worth the money. It is also recommend by most of my friends who are also taking out loans for college.

L*n, IL
7 months ago

Easy to negotiate when you discuss your options very good customer service and support suggestions are great

M*****a, MO
7 months ago

Credible is a good site. It is very user friendly and takes care of all my needs.

A****a, IL
4 months ago

Credible is a very good program. I got the personal loan I was looking for with them.

N****n, TN
6 months ago

Credible is an online background checking machine. Safe and secure technologies and securest in the nation

M****y, MO
5 months ago

They were wonderful! Helped when no one else would and we are finally getting back on track and raising our credit!

D**n, IL
6 months ago

Fast. Easy to use. Initial point of contact lacked knowledge. Some lapse in connecting with a person who had a vested knowledge base.

A*B, WA
5 months ago

Was good for the money but was fairly confusing and hard to figure out. It helped me out though.

D***Y, CT
7 months ago

Credible has been a breeze to work with. I used them to refinance my student loans debt. They also gave me a nice introduction offer

G****s, TX
9 months ago

All did I was check my credit score and was able to do so quickly and easily with no issues

38 reviews