Credible Personal Loans

Since 2012, Credible's fast and secure marketplace has offered personal loans to consumers with fair to excellent credit scores. In 2016, Credible connected with the three major credit bureaus: Experian, Equifax, and TransUnion, allowing them to give you personalized quotes without authorizing a hard credit inquiry (that damages your score).

Founder and CEO Stephen Dash initially created Credible as a means for borrowers to relieve the burden of student loan debt (they also offer student loan refinancing services), but eventually added personal loans to their list of services.

Personal loans offered through Credible's partner lenders can be used for many reasons, including to consolidate credit card debt, renovate your home, or fund a personal expense like a wedding or vacation.

You can receive real, personalized offers from up to 10 lenders in just 2 minutes by filling out a single online form, which saves you time and allows you to compare rates easily.

Additionally, Credible offers an unique and industry leading $200 Best Loan Rate Guarantee (no other loan marketplace offers anything like this). If you find and close with a better personal loan rate on another lending marketplace, Credible will give you $200 (terms apply).

To apply for a personal loan through Credible's comparison marketplace, you must meet a few simple requirements:

• You must be a US citizen or permanent resident
• You must be at least 18 years of age
• You must have a valid checking account in your name
• You must have fair to excellent credit -- usually a credit score of 600+

Filling out an application through Credible's website is free and easy. First, you have to create an account by entering your email and password and indicate that you are taking out a personal loan. Once you have done that, you simply have to enter some basic personal and financial information that includes:

• Your name
• Date of birth
• Social Security number
• Estimated credit score
• Employment information
• Annual income before taxes
• How much you want to borrow
• Monthly housing expenses
• What you plan to use the funds for
• Your highest completed level of education

Credible takes this information (along with your FICO® score) and authorizes a soft credit check (which does not affect your credit score) to confirm your financial information. If you pre-qualify, you will be shown a dashboard of Credible's potential lenders and rates.

Even if you weren't matched with a lender, you can continue the process by providing more detailed information or finding a cosigner in order to request offers from matching lenders. (Note: if you don't prequalify and continue to submit applications, you may end up with multiple hard inquiries. However, if you submit these requests in a period of a few days, you meet the FICO® criteria for rate shopping, which doesn't impact your credit score as much.)

At this point, you can choose a loan and fill out a full application through your actual lender. Keep in mind that you are under no obligation to follow through with any of your loan offers and that prequalifying does not guarantee that you will ultimately receive a loan. Your loan terms -- interest rates, repayment terms, and more -- depend greatly on your credit history.

When you request an offer, you will have to submit important information (like your Social Security number and loan details) to the lender (or lenders) you want to borrow from. Once you submit the form, you will be notified by Credible to review the loan offer. You can then work with your specific lender to complete the process by uploading necessary documentation and signing your loan.

Credible's client support team will keep in touch with you through the entire loan application process. Customers can contact them through phone, email, or website chat functionality to speak directly with a representative.

Contact Credible: Email: [email protected] Chat: Credible website