December 12, 2018

Credible Review

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Simple. Thrifty. Living.

If you are looking for a loan online, it can be difficult to know where to start. Credible isn’t a lender but an online loan marketplace, where you can search for various financial products in one place. As a result, you can find the best loan based on your financial history and current circumstances. Although Credible focuses on students, the company also helps homeowners and consumers. Here is a review of Credible.

Credible Review

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  • Best for: Credible is good for college students who need help paying for school and for those who want to refinance their student loans.
  • Interest Rates: Loan rates will vary depending on a variety of factors, including credit score and income. Fixed rates start at 3.5 percent. Variable rates start at 2.14 percent.
  • Loan Length: Credible offers five- to 20-year term loans.
  • Loan Amount: The minimum is $5,000. Credible doesn’t advertise a maximum loan amount.
  • Criteria: Credible provides student loans to part-time and full-time college students. Borrowers under 18 will need a co-signer. Once you fill out Credible’s online form, you will know within a few minutes whether you qualify.

Unlike a conventional loan provider, Credible doesn’t provide you with any funds. Instead, it matches you to the best financial products based on your circumstances. Consequently, you can find loans with the best interest rates and repayment terms.

Searching for loans on the Credible website is easy. You just fill out one simple form, and the website does all the hard work for you. (Credible says the form takes just two minutes to complete.) This way, you won’t have to waste hours looking for loans on the internet. Plus, Credible is completely free to use.

Various companies list their financial products on the Credible website, including lenders who offer unsecured loans. You can also search for private student loans and credit cards. Credible also lists financial companies who will help you refinance your existing student loans.

Most people online liked using Credible’s website. They were able to find multiple lenders in one place and could compare interest rates and repayment terms quickly. These consumers said the website was easy to use. Others, however, said there was a limited selection of loan providers on the website.

Credible users also said they can contact a member of staff by phone, email or live chat if they have a problem with their account.

If you are looking for a loan to cover a shortfall in your finances, Credible is well worth a look. Here you can find information from multiple lenders in one location and make more informed choices about different lenders. You can find a wide range of loan companies and financial products on the Credible website, including unsecured loans.

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