Credible? Here’s the Real Deal in 60 Seconds!
Credible is an online marketplace that lets borrowers compare personal, student, and mortgage loan offers from multiple lenders in one place.
The platform itself is not a lender but connects applicants to banks, credit unions, and online lenders.
Read Full ReviewCredible Details Review
Details
| Details | Category |
| Min Credit Score | 550 |
| Loan Amount | $1k-$250k |
| Loan Types | Personal Loans, Student Loans, Home Loans, Auto Loans |
| Online Experience | Yes |
| Funding Time | Same day or 1-3 business days |
| Lender Type | Online loan marketplace |
| APR (Fixed Rate) | 6.49%-35.99% |
| Availability | Available in most states except: NY and MO |
| Soft Credit Pull | Yes |
| Repayment Flexibility | Monthly (varies per lender) |
Pros & Cons
Pros
- Free to use
- Dosen't affect credit
- Fast Funding
- Accepts all credit types
- Accredited by BBB
Cons
- Not a direct lender
- Not available in all 50 states
- Information shared with multiple lenders
Contact Info
- support@credible.com
- 866-540-6005
- 6945 Northpark Boulevard, Suite L, Charlotte NC, 28216-0079
- M-F 9am-7pm EST
- Yes
Features
- Over 100+ lenders in their network
- Secure 256-bit encryption
- Live chat service
How To Qualify
To qualify for a loan with Credible, borrowers must meet basic eligibility requirements:
- Be 18 years or older
- Be a U.S. citizen (this can vary by lender)
- Proof of address
- Proof of Income
- Have a SSN or TIN (tax payer identification number)
Credible does not issue loans itself, and meeting the basic application criteria does not guarantee approval. Final loan eligibility, terms, and funding are determined solely by the partner lender you choose. By using Credible, you are authorizing the platform to share your information with its network so lenders can evaluate your application.
What makes this review trustworthy
"We do not receive compensation from the companies featured on this site, so our reviews are written independently and are not influenced by placement or ranking. ""Credible"" is not connected to or endorsed by MontanaCapital™. All product names, company names, and logos are the property of their respective owners. Their mention here does not imply any partnership, sponsorship, or endorsement between us and MontanaCapital™ or vice versa. We make every effort to provide accurate and up-to-date information, but details can change. Always verify the latest terms, rates, and product details directly with the provider before making any financial decisions."
How To Apply
Complete Online Application
Start by choosing the loan type and filling out the online application with personal, financial, and banking details. The form only takes a few minutes.
Get Matched With Lenders
Credible runs a soft credit inquiry to prequalify you and matches you with offers from their partner lenders. This does not impact your credit score.
Review Loan Offers
Once matched, you’ll see side-by-side comparisons of lenders, including APR, loan term, monthly payment, and fees.
Accept And Receive Funds
Choose an offer and complete the lender’s application. Funding can be within 1-3 business days, depending on the lender and your bank.
Follow Repayment Plan
Make payments per the lender’s agreement. Set up autopay if available to avoid missed payments.
Details You’ll Need To Provide In Your Initial Application
- First and last name
- Date of birth
- Email address
- Phone number
- Home address
- Income amount and source
- Employment details
- Loan amount requested
- Education details (if applying for a student loan refinance)
- Social Security number
- Banking details for verification and funding
Is Credible Legit and Can It Be Trusted?
Yes, Credible is a legitimate online loan marketplace. It is headquartered in Durham, NC, and operates nationwide with licenses in most U.S. states. Credible is not a direct lender it matches borrowers with banks, credit unions, and online lenders.
The platform uses bank-level encryption to protect submitted data. While the service itself is free, borrowers should note that personal information is shared with partner lenders, which may lead to follow-up offers.
Why Credible Might Not Be Your Best Option
Credible is convenient for comparing loan offers, but there are trade-offs you should weigh before applying.
Data Sharing
Your details are distributed to multiple lenders in the network. This may lead to follow-up calls, emails, or texts even if you don’t accept an offer.
Minimum Credit Score
While Credible states they have lenders that can help those with a credit score of 550, most partner lenders require a credit score of at least 640 for approval.
Loan Types
Credible focuses on personal loans, student loan refinancing, and mortgages. If you’re seeking payday or emergency cash advances, this platform won’t be useful.
How To Qualify For Credible
To be eligible for a loan through Credible, you must:
- Be 18 years or older
- Be a U.S. citizen (this can vary by lender)
- Proof of address
- Proof of Income
- Have a SSN or TIN (tax payer identification number)
Process & Time Frame
Credible’s application takes about 2–3 minutes online. Once you fill out the information you will be asked to create an account. You’ll typically see prequalified offers immediately after submitting.
Final approval depends on the lender, and some may ask for extra documents like pay stubs or bank statements. Once approved, funding time varies by lender but can be as quick as the next business day. For student loan refinancing or mortgages, the process can take longer.
How Will The Loan Process Work?
Apply Online
Complete Credible’s secure online form with your personal and financial information.
Get Matched
Review prequalified loan options from multiple lenders in Credible’s network.
Confirm & Sign
If you choose an offer, finish the loan application on the lender’s website. Provide any required documents for verification.
Receive Your Funds
Depending on the lender and loan type, funds may arrive as soon as the next business day.
Who It’s Best For
Credible is best for borrowers who want to quickly compare personal loans, student loans, or mortgages without applying to each lender individually. It works well for people with good to excellent credit who want competitive rates.
Those with bad credit may still qualify, but are likely to receive higher interest rates.
Alternatives To Consider
If you’re mainly looking for emergency or bad-credit loans, other marketplaces that specialize in subprime borrowers may be a better fit. Direct lenders who publish their rates upfront can also provide more transparency. Always compare multiple options before accepting a loan.
2.7
CashUSA Reviews
$500-$10k
Not disclosed on wesbite but based on research 5.99% – 35.99%
Good For: Personal Loans with Limited Credit Options
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Lending for Bad Credit Reviews
$100-$40k
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Good for: Personal Loan or Cash Advance
FAQs
What Credit Score Does Credible Require?
Credible mentions that most lenders require 640 and above and a few 550.
What Lenders Does Credible Use?
Credible partners with a range of banks, credit unions, and online lenders. Some well-known names include SoFi, LendingClub, and Avant, among others.
The specific lenders you see will depend on your credit profile, requested loan type, and eligibility.
Is Credible Worth It?
Credible can be worth using if you want to quickly compare loan offers without filling out multiple applications. It saves time and shows side-by-side options.
It’s a good starting point, but it’s still smart to compare offers directly with lenders before committing.
Why Am I Getting So Many Emails Or Calls After Applying?
Since 5kFunds shares your details with lenders and partners, expect follow-up emails, calls, or texts. You can opt out using unsubscribe links and privacy settings, and consider using call filters or a secondary email/number to manage outreach.
Credible Reddit Review Summary
Reddit mentions Credible occasionally, mostly around student loan refinancing, but in-depth first-hand loan outcome threads are limited.
- Users treat Credible as a marketplace to compare lenders rather than a direct lender.
- Some threads discuss rewards from Credible for a student loan refinance through their platform.
- Common advice in comments: shop beyond Credible and apply with multiple lenders because Credible doesn’t guarantee the best rate.
Credible BBB Reviews And Complaints
| Category | Details |
| BBB Accredited | Yes |
| BBB Ratings | A+ |
| BBB Customer Reviews | 1 out of 5 stars (based on 4 reviews) |
BBB’s latest customer reviews are overwhelmingly negative, citing issues like unclear practices or unsolicited loan applications.
Even though Credible holds an A+ rating for business standards and complaint resolution, the customer feedback profile remains poor.
Customer reviews verified: Sept 19, 2025
Credible Bottom Line: Finding The Right Personal Loan
Credible makes it simple to compare offers from multiple lenders with just one application. It’s a strong choice for borrowers with solid credit who want transparency and competitive terms.
However, it may not be the best option if you have poor credit or if you need fast emergency cash. Always read lender terms carefully before committing.
Credible Summary Of Brand Disclaimer
Credible is a registered mortgage broker, not a direct lender. It connects borrowers with lenders who set their own rates, terms, and approval criteria.
Personal loan APRs on the platform generally range from 6.49% to 35.99% with repayment terms of 12 to 120 months. Actual rates depend on credit profile, loan size, and purpose. Origination fees may apply (0%–12%), and some lenders offer autopay or loyalty discounts.
Checking rates involves a soft credit pull that doesn’t affect your score, but moving forward with a lender usually triggers a hard inquiry, which may lower it. Prequalification is not guaranteed approval.
Final loan offers, funding times, and eligibility vary by lender and state. Debt consolidation and refinancing may reduce interest costs but can increase total repayment depending on fees and loan terms. Always review details carefully before applying.
