Loans » Personal Loan Lender Reviews » Credible Personal Loan: 2022 Review
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Credible Personal Loan: 2022 Review

Credible was designed to make finding a personal loan within your preferences much simpler. This marketplace takes your information and finds you suitable matches.

You can trust the integrity of our unbiased, independent editorial staff. We may, however, receive compensation from the issuers of some products mentioned in this article. See how we make money.

In this Review..

Credible is a personal loan marketplace. They have a few different lending options and a variety of different personal loans that range from a standard personal loan to home improvements to debt consolidation. 

Credible will have you walk through a process with them to get pre-qualified through their marketplace. They offer a best rate guarantee that if they can’t find you the best personal loan rate, Credible will give you $200

How Does It Work?

With Credible, you start by entering your amount that you are looking for and then they find a rate for you. It takes only a couple of minutes to get results. When you select personal loan, they ask you for an amount and say “find my rate”. 

Once you get through their simple questionnaire process, you will get results of pre-qualified rates. You can shop your rate options there and compare lender options that are produced for you. They have a client success team on standby in case you need any help in the process. 

Credible was designed to make finding a personal loan within your preferences much simpler. This lender marketplace takes your information and finds you suitable matches.

APR

3.99%-35.99%

Loan Amount

$1,000 – $100,000

Term

12-84 months

Min score

Varies based on lender

Credible will not be your lender, they just provide a tool to find the right lender. They have a number of lending partners they can match you with and the criteria is pretty open as far as credit history and debt-to-income data. 

To use Credible or apply for a loan, you are required to be a U.S. citizen or permanent resident and you must be at least 18 years of age as well. The better your credit, the better offer you will get, which is typical. 

Once you choose a lender and apply, you may be required to provide additional information to the lender you work with, such as ID or paystubs. 

Compare Personal Loan With Our Partners

Credible

  • Get a personalized rate quickly
  • Variety of lenders
  • Best rate guarantee (terms apply)

Bankrate

  • Get prequalified loan offers
  • 2 minutes or less
  • NOT affect your credit score

Personalloans.com

  • $1,000 to $35,000
  • Get funding fast
  • No hidden fees

Advertiser Disclosure

The product offers that appear on this site are from companies from which this website receives compensation. 

Get prequalified loan offers in 2 minutes or less. This will NOT affect your credit score

Advertiser Disclosure

The product offers that appear on this site are from companies from which this website receives compensation. 

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Credible Loan Pros & Cons

As we know, each lender has its own pros & cons  – here are the relevant things we found for potential borrowers:

Pros

Cons

Chime Banking App

  • 0.50% APY on Chime Savings 
  • Build Credit History
  • No Monthly Fees

Advertiser Disclosure

The product offers that appear on this site are from companies from which this website receives compensation. 

What Can a Credible Personal Loan Be Used For?

Since this is a marketplace for choosing a lender, there will be a variety of interest rates returned. Credible advises that rates are 3.99%-35.99%  but they don’t give you a ceiling for how exactly it will be, since it varies between companies and depends on your score. Limits can vary on amounts and so can potential fees and allowance for early payments and more. 

Credible is accredited through the Better Business Bureau and has been since 10/27/15. BBB rates them as an A+ but customer reviews leaves them at 1/5 stars. On Truspilot, they are rated 4.7/5 stars, with an excellent rating. There are a good number of reviews available there as well.  

Credible Reputation

  • A+ on BBB: BBB assigns ratings from A+ (highest) to F (lowest). BB ratings are based on information in BBB files with respect to factors such as the business's complaint history with BBB, type of business, time in business, transparent business practices, and more.
  • 4.7/5 on Trustpilot ( +4300 reviews): TrustScore is also an overall measurement of reviewer satisfaction, represented numerically from 1 to 5.
  •  J.D Power: We considered J.D. Power’s lending consumers satisfaction study. .J.D Power offers the most comprehensive and independent study of personal loans consumer satisfaction  . The study aims to help consumers and issuers to understand user opinions and ratings of top lenders. It covers terms, benefits, services, communication, transparency and more. Credible wasn't rated in the 2020 research.

J.D. Power U.S. Lending Consumer Satisfaction 2020

How to Get Rates on Credible Website?

Start by entering an amount for the loan you are requesting. 

Credible Personal Loan

Let Credible know why it is you need a personal loan. They have several options. 

Credible Personal Loan

From here, you will share personal information. Interestingly, the first question is about your level of education. After that, they look for annual income and personal identifying information step-by-step. 

Credible Personal Loan

When you complete their questionnaire to the end, they will then return match results to pair you with lenders that meet your details and show specific rates. The return process typically takes less than 2 minutes. 

FAQ

Credible has a lot to offer in terms of variety and solutions. Their customer service is one of the better providers out there for this type of service. While Credible cannot necessarily provide a solution for everyone, they do appear to be a valuable resource that is worth checking out if you need a personal loan

Credible has an excellent reputation, with an impressive 4.7 out of 5 rating on Trustpilot, and lots of positive reviews. Additionally Credible takes customer security and privacy very seriously. Although Credible does not receive money from its customers, it does process sensitive personal information including your contact information and Social Security number. However, the site does use industry standard encryption to ensure your privacy is protected.

The site also automatically logs you out of your account after a period of inactivity. Your application is auto saved, so you don’t lose your progress, but it minimizes the risk of unauthorized access.

In order to provide personalized pre qualified loan product rates, Credible or its lending partners may perform a soft credit inquiry, but this will not affect your credit score. If you choose a loan deal and want to move forward, the lender will then perform a hard credit search.

One of the advantages of using Credible is that you can compare prequalified rates through multiple lenders without affecting your credit score.

Both Monevo and Credible have excellent reputations, with numerous positive review comments. However, Monevo is a BBB accredited business. This provides an additional layer of reassurance for consumers, as you can access arbitration services via the Better Business Bureau if you encounter an issue.

Another similarity is that Monevo and Credible offer access to loans up to $100,000. However, while Monevo offers access to personal loans, Credible can also help you to source student loan refinancing, home loans and mortgage refinancing. This may be more appropriate if you are looking for this type of finance, as you are likely to secure a better rate compared to a basic personal loan.


Like AmONE, Credible has a decent reputation, especially on Trustpilot. However, while AmONE has a focus on personal loans, business loans and debt consolidation, Credible offers access to student loans and student loan refinancing, home loans and mortgages. This may mean that it is not as flexible for you if you have a start up in need of finance.

Both companies offer loan options for different credit ratings, but AmONE advertises that you can receive funds in as little as 24 hours after approval. However, Credible has a lower APR for those with good credit and can help you source loans up to $100,000 rather than the $50,000 cap with AmONE.

Credible has a solid reputation, particularly on Trustpilot that is more positive than 5K Funds. This company also offers different types of loans and finance, rather than just the personal loans on offer with 5K Funds. You can source personal loans, student loans, student loan refinancing, home loans and mortgages, which makes it more flexible than 5K.

Both platforms use bank level encryption to protect your data and like 5K Funds, in most cases, Credible will not perform a hard credit check to allow you to compare loan deals.

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APR Range The annual percentage rate (APR) is the total annual cost of borrowing money. This rate includes the interest rate as well as any additional finance charges. When you take out a personal loan, for example, you may be required to pay loan origination fees.
6.99% – 22.23% (with discounts)
5.97%-29.99%
6.99% – 19.99%
Term The term of your loan is the amount of time you have to repay it. For example, if you get a 24 months personal loan, the loan term is 24 months.
24-84 months
36-60 months
36-72 months
Loan Amount
$5,000 – $100,000
$2,000 -$45,000
$3,500 – $40,000
Minimum Score
680
640
660 (FICO)
Funding Time
Up to 7 days
As soon as same day
1 to 4 days

Review Personal Loan Top Lenders

Compare Personal Loan With Our Partners

Credible

  • Get a personalized rate quickly
  • Variety of lenders
  • Best rate guarantee (terms apply)

Bankrate

  • Get prequalified loan offers
  • 2 minutes or less
  • NOT affect your credit score

Personalloans.com

  • $1,000 to $35,000
  • Get funding fast
  • No hidden fees

Advertiser Disclosure

The product offers that appear on this site are from companies from which this website receives compensation. 

Best Rate Guarantee – $200 giftcard if you find and close with a better rate elsewhere (Terms Apply)

Advertiser Disclosure

The product offers that appear on this site are from companies from which this website receives compensation. 

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Loan Reviews Methodology

When it comes to choosing personal, student or car loans, we make sure that we evaluate all of the different products and services that are available for the lender we review. 

The Smart Investor’s selection of loan providers for inclusion here was made based on key areas we evaluated: loan types and loan products offered, fees, and APR. We also considering customer satisfaction and reliable external ratings such as J.D power/Trustpilot.

Cutting fees is now table stakes in the personal and student loans market. In addition, the most valuable loan products tend to offer a deep bench of options that meet a wide array of customer needs. These include a diverse range of loan amounts and terms, as well as loan structures. We also make sure that you’re going to save money by cutting down on the APR that goes along with the loans offered.