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Credible Personal Loans Review: Loan Shopping Made Easy
Credible is an easy-to-use lending marketplace that allows you to view prequalified options from vetted lenders without harming your credit score. Though Credible doesn’t lend any money, they do make it possible for borrowers to find loans that match their needs.
Min. Credit Score 560+
Loan Amount $600-$100K
Loan Repayment Varies
Written by:Christi Gorbett
Fact Checked by: Dr. JeFreda R. Brown, DBA, CFEI, and a highly respected financial expert
Credible works with 17 lenders to provide potential borrowers with a wide range of options. APRs span anywhere from 2.49% to 34.99% on loan amounts that range between $600 and $100,000. Loans can be used for a variety of purposes including education, mortgage, large purchases, and debt consolidation. Repayment terms are also flexible, with lending partners allowing anywhere from 12 months to seven years to pay off the loan.
Summarized Rating
Loan Features4.5
Interest Rates and Fees2.5
Qualification Leniency4.5
Application Process3
Customer Support5
User Reviews3.3
Perks Bonus5
This parameter considers loan term lengths, loan minimums and maximums, and the extent of loan use limitations. Each of these features was evaluated using the five-point scoring system. Then, the various scores were aggregated and averaged to establish an overall loan features score.
Credible gets a stellar 4.5 for Loan Features, which is attributable to its highly flexible term lengths and loan amounts and the absence of any loan use limitations.
Credible Personal Loans Pros and Cons
Credible Pros
Credible Cons
On the next page, you’ll enter how much money you want to borrow. This can be any amount between $600 and $100,000.
Written by: Christi Gorbett
Freelance Content Marketing Writer specializing in finance, personal development, education, marketing, web development, food & beverage manufacturing, pet, and contracting/home improvement niches.
More about meFact checked by: Dr. JeFreda R. Brown
Dr. JeFreda R. Brown is more than a financial consultant: she’s an avid teacher and subject matter expert who helps people—individuals and groups in a business setting—master the skills they need to achieve lasting financial wellbeing. As Founder and CEO of Xaris Financial Enterprises, it is her passion and life goal...
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