The listings featured on this site are from companies from which this site receives compensation. This influences where, how and in what order such listings appear on this site.


How We Calculate Rating

Ratings on Trusted Company Reviews are given by experts in that particular industry. Our experts monitor the brand closely and then give the brand a rating which you can trust.

Our rating score is based on 10 Points and a Five-Star shown alongside the score to easily understand the rating.

We frequently update the ratings of all brands so that you don’t choose a brand by their old  ratings.

Personal Loans



Credible Personal Loans Review: is Credible Legit?

Credible personal loan reviews are excellent, receiving high ratings from reliable sources such as the Better Business Bureau (BBB) and regulatory agencies.

  • It holds an A+ rating from the BBB and is accredited. And on average, BBB receives fewer than five complaints against Credible annually.
  • The NMLS, the regulatory agency overseeing licensing and registrations for personal loan providers, illustrates zero complaints against Credible.
  • Credible’s average customer review rating is 4.6/5 stars, based on over 5,340 Trustpilot reviews.

If you’re in the market for a personal loan, should be one of your first stops.

How do Credible loans work? For free, you can compare lenders, rates, and personal loans. Credible lets you get pre-approved loan offers within minutes, whether you have excellent or bad credit. Personal loans of all types are available, as you’ll see in the following review. Credible offers loans from $600 to $100,000, with interest rates starting as low as 4.60%.

What do the experts say about Credible personal loans? Top-rated lenders listed on Forbes and NerdWallet, are all available through Credible. These include Sofi, Avant, Upstart, Prosper, Lightstream, LendingPoint, Reach Financial, and Discover. Even the experts trust Credible!

While Credible’s services are free, it’s important to note that personal loans do come with associated interest and fees. We will explain these details to you. Additionally, we will address frequently asked questions about Credible’s personal loans that you should be aware of.

Credible Personal Loan Review

Steps to Get a Personal Loan at Credible:

Start by visiting

1.) Enter your desired loan amount (between $600 to $100,000).

2.) Fill out a short online application with basic personal and financial details. This step takes about 2-5 minutes. During this step, a soft credit check gets initiated, which does not negatively affect your credit score.

3.) If you are approved, Credible pre-approved loan offers instantly appear. They give you a side-by-side loan comparison, including monthly payments, interest rates, and fees.

4.) Choose your loan and follow up with the lender to finalize your approval.

5.) The funds can get deposited into your bank account within 48 hours.

Credible Personal Loan Disclosure: Borrowers who qualify for personal loans offered through the Credible marketplace typically receive the funds within one to five business days, although the actual time to fund may be longer.

PROs of Credible for Personal Loans 

  • Quickly Compare Personal Loans from Top-Rated Lenders: helps you compare personal loan rates and monthly payments in just a few minutes.
  • Reputable Lenders: Credible’s personal loans are already vetted and include top-rated lenders. They did the due diligence that would have taken you weeks to complete.
  • No Negative Effect on Credit: The pre-qualification process allows borrowers to check loan rates at without a hard inquiry on their credit report, avoiding any negative impact on credit scores.
  • Innovative Technology: Credible’s technology makes it simple to find the best personal loan for you. It is tailored to your financial situation and needs. Best of all, their services are completely free of charge.
  • Best Rate Guaranteed: Credible offers a $200 gift card to guarantee the best rates. If you are pre-approved for a loan elsewhere at a better rate, they will give you $200.
  • Personal loans for bad credit: Credible offers a unique evaluation process for high-risk and bad credit personal loans. Consequently, applicants with a low credit score are more likely to qualify for a loan at Credible. Bad credit applicants can check if they’re eligible for a loan with any of the top-rated lenders by answering a few simple questions.

CONs of Credible for Personal Loans 

  • Disqualify for loan forgiveness: Federal student loans may include income-based repayment plans. However, these options will no longer be available after refinancing a federal student loan with Credible private student loans.
  • Lack of access to all lenders: You’ll only have access to using lenders that work with Credible. As of 2023, they have around 20 partner lenders.
  • Credible can’t guarantee approval: Credible can pre-qualify you for a loan. However, pre-qualification is not the same as getting approved. There is a chance the direct lender will reject you for a loan.
  • Loan origination fees: Some lenders charge up-front fees that can be rolled into the loan or subtracted from the amount disbursed.

Review Credible Personal Loan Rates

What can you use Credible personal loans for?

Credible Personal Loans Use Cases

Credible’s personal loans can be used for various purposes, including:

  • Paying for a wedding
  • Medical expenses 
  • Consolidating credit cards with a low-interest loan
  • Home renovation or improvement projects
  • Buying or refinancing a car
  • Starting a business
  • Covering emergency expenses
  • Taxes 
  • Adoption 
  • Cosmetic procedures 
  • RV and Boat
  • Engagement ring financing 
  • Moving costs
  • Dealing with unexpected emergencies
  • Financing a vacation
  • Student loans and student loan refinancing
  • Combine your debts into a single Credible personal loan

Credible’s Best Personal Loans and APR (for Bad Credit)

Credible's Best Personal Loans for Bad Credit

For applicants with a low credit score, apply at Credible here.

Credible’s Best Personal Loans and APR (for Good Credit)

Credible's Best Personal Loans for Good Credit

Credible Personal Loans vs. Bank Loans

  • In terms of choices, Credible offers a broader range of options compared to traditional banks. For instance, Credible collaborates with lenders such as Zable, which specializes in providing personal loans to individuals with poor credit histories. With Zable, applicants can secure personal loans in as little as one business day. Customer reviews highlight that even those with a FICO score as low as 600 can qualify for a personal loan through Zable. Such competitive offers are beyond the reach of most banks. 
  • Credible’s application process is streamlined and employs Artificial Intelligence (AI) for faster loan underwriting than most banks.
  • Credible has a unique approach to assessing high-risk and bad credit personal loans, resulting in higher approval rates and lower interest rates for borrowers with low credit scores.

However, your brick-and-mortar bank, where you have your checking and savings account, may offer you a low rate on a personal loan. So it’s worth checking with your bank for loan rates. Between your bank and Credible, you can get multiple loan offers from the best banks and lenders on the market. By getting multiple offers, you can use them as leverage to force each lender to compete with each other and give you the lowest rate.

Who is Credible, the loan company? 

Credible Labs Inc., operating under the name Credible, is a reputable financial technology company headquartered in San Francisco, California. Credible’s parent company is Fox Corporation (i.e., the same company that owns Fox News). Credible was acquired by Fox in 2019.

Credible is licensed by the California Department of Business Oversight and is A+ BBB rated and accredited. Furthermore, Credible maintains Mortgage, Financing, and Loan Broker licenses at NMLS, with no listed complaints against the company as of 2023. is one of the best places for consumers to compare personal loan rates among various lenders. Additionally, you can use Credible for home loans and student loan refinancing. Students can also use the company to shop for student loans. Offering student loans was the company’s first financial product.

Like Amazon in the e-commerce industry, Credible acts as a centralized marketplace but for ” financial products.” However, unlike Amazon, Credible only accepts highly qualified and top-rated sellers.

Source: NMLS, Credible Operations, Inc.,

How does Credible get paid?

If Credible’s services are free, how do they make money to stay in business? 

After you qualify and get the funds deposited into your account for a personal loan, Credible gets paid directly by the lender.

Customers don’t pay Credible anything; their services are absolutely free to the consumer.

Credible has a vested interest in helping customers find the right personal loan options. Your success is their success.

Is Credible a Good Option for Personal Loans?

Credible is an excellent platform for comparing personal loans. It’s a fast, secure, and user-friendly loan comparison tool. Best of all, it’s completely free for consumers to use, with no hidden fees.

However, it’s important to evaluate the lenders available through Credible and not solely rely on Credible’s reputation. In the following paragraphs, we will guide you through researching both Credible’s customer reviews and the credentials of their lenders.

Let’s begin by examining Credible’s customer reviews and then delve into the credentials of their lenders.

Credible Reviews from Customers: 

  • At, Credible boasts an impressive average customer rating of 4.7/5 based on 5,340 customer reviews. 
  • Additionally, at, Credible has received a customer rating of 3.8/5 from over 130 reviews.

Several common themes emerge when analyzing customer reviews about Credible personal loans from Trustpilot and Consumer Affairs. These themes provide insights into the experiences and opinions of customers who have used the company’s services. 

Common Themes Found in Credible Customer Reviews:

  • Easy and streamlined process: Many customers praised Credible for its user-friendly platform and simple application process, highlighting that it made borrowing money hassle-free and convenient.
  • Competitive rates and offers: Several reviewers mentioned that Credible provided them with competitive loan rates and attractive offers compared to other lenders, enabling them to secure favorable terms.
  • Transparent and informative: Customers appreciated the transparency and clear information provided by Credible throughout the loan application process. They noted they were well-informed about each loan offer’s terms, fees, and repayment options.
  • Quick and efficient service: Numerous reviewers commended Credible for its fast and efficient service, emphasizing that they received prompt responses, quick approvals, and timely fund disbursements.
  • Excellent customer support: Many customers highlighted the helpful and responsive customer support provided by Credible. They felt that their questions and concerns were addressed promptly, resulting in a positive overall experience.
  • Trustworthy and reliable: Several reviewers expressed confidence in Credible as a trustworthy platform for finding personal loans. They appreciated the security measures implemented by the company to protect their personal and financial information.
  • Multiple lender options: Customers liked having access to a wide range of lenders through Credible, allowing them to compare and choose the best loan option for their needs.

Credible’s BBB Review and Rating:

Credible Personal Loans BBB Review and Rating

Credible’s A+ rating with the Better Business Bureau (BBB) is a testament to its unwavering commitment to delivering quality service. 

Since earning accreditation in 2015, Credible has consistently demonstrated high customer satisfaction and a remarkably low number of BBB complaints. 

Credible received less than ten customer complaints submitted to the BBB over the last three years, further attesting to its exceptional credentials.

Customer Reviews about Credible’s Personal Loan Lenders:

Customer reviews for Credible’s personal loan lenders are overwhelmingly positive. 

Credible’s personal loan lenders’ reviews and credentials:

  • Avant: WalletHub rating of 4.3/5 stars with over 3,000 customer reviews, A+ rated by BBB.
  • Allied Mortgage Group: Average BBB customer review rating of 4.76/5 from 46 reviews, A+ rated and accredited.
  • Citizens Bank: Rating of 3.9/5 stars from 4,700+ customer reviews.
  • Discover personal loans: One of the best personal loan lenders for 2023, with a perfect 5/5 star rating at NerdWallet.
  • LendingClub: Average customer rating of 4.5/5 from 6,766 reviews at Credit Karma.
  • Marcus by Goldman Sachs: Rated 4/5 stars by
  • New American Funding: Average customer review rating of 4.5/5 stars at NerdWallet.
  • NBKC bank: Average BBB customer review rating of 4.86/5 from over 1,500 reviews, A+ rated and accredited by BBB.
  • Prosper Loans: This lender has a reputation rating of 4.4/5 stars on Credit Karma. It has an A+ rating and is accredited by the Better Business Bureau (BBB). 
  • Upgrade: Rated 4.5/5 stars by NerdWallet and 4.7/5 stars by Forbes.
  • LightStream: Average customer review rating of 4/5 stars on Forbes, A+ rated and accredited by BBB.
  • SoFi: Average customer review rating of 5/5 stars on NerdWallet, A+ rated by BBB.
  • Upstart: This lender has a 4.5/5 star rating on NerdWallet and an average customer review rating of 4.8 on Credit Karma. It has an A+ rating and is accredited by the Better Business Bureau.
  • Zable Loans: Zable’s average customer review rating is 4.7/5 stars, derived from 2,861 customer reviews on Trustpilot. Many of these reviews on Zable shed light on customers’ experiences, detailing their ability to apply for a loan and receive the funds within the same day (i.e., 24 hours.) Zable offers loans to individuals with credit scores as low as 600, all while maintaining interest rates that outperform those offered by comparable lenders.
  • Rocket Mortgage: A+ rated and accredited by BBB.
  • Homefinity: Average customer review rating of 4.1/5 stars based on U.S. News and A+ rated by BBB.
  • Sallie Mae: A+ rated and accredited by BBB.

To check if you’re eligible for a loan with any of these lenders–start here.

Loan Terms and Conditions: Flexible Repayment Periods and Transparent Fees

You may get various personal loan offers to choose from, which all come with different terms and conditions. One lender may offer you a five-year term. Another loan offer may allow the payment term to go out for six years, offering a lower monthly payment.

You can choose a personal loan with the best terms and conditions. This is very beneficial for borrowers. Do you prefer a lower payment or a faster repayment period to save money?

Repayment periods can vary depending on the type of loan and the lender you choose. This allows you to find a repayment schedule that aligns with your budget and financial goals.

Credible is committed to transparency, providing detailed information on potential penalties or fees associated with loans. They ensure borrowers can clearly see each loan’s terms and conditions, including the cost of each personal loan.

Additionally, Credible offers a loan calculator on their website. This tool lets you estimate your monthly payments based on different loan amounts, interest rates, and loan terms. It helps you understand the financial impact of various loan options before applying.

Real-Life Scenarios: Examples of How Credible Benefits Customers

Quickly accessing capital through Credible’s platform can bring significant value. Here are a few hypothetical scenarios that illustrate this:

Emergency Car Repair: Your car breaks down unexpectedly, and you need immediate funds for the repair costs. Credible’s personal loan marketplace lets you quickly compare offers from multiple lenders, finding competitive interest rates and favorable terms. With Credible’s assistance, you can swiftly get your car repaired and back on the road.

Consolidate Your Bills: Tracking payment due dates and managing your finances effectively can be challenging if you have several credit cards and different types of debt. Credible’s platform simplifies the process by presenting you with a low-interest loan to consolidate your bills into one. Combining your debts into a single loan with a potentially lower interest rate simplifies managing your monthly payments and allows you to save money by reducing interest payments.

Home Renovation: Planning a home renovation but lacking the upfront funds? You can explore loan options tailored to home improvements through Credible, offering competitive rates and flexible repayment periods. Credible’s platform enables you to find the right loan to fund your renovation and enhance your home’s value.

How to choose from Credible’s personal loan offers:

  • Carefully review each loan offer’s terms and conditions before proceeding.
  • Assess loan options carefully. Pay attention to interest rates, fees, and repayment terms. Consider any conditions that may affect the cost and repayment period of the loan.
  • Also, check for loan origination fees that can add to the loan cost.

Credible Personal Loan Rates (averages)

Credible’s personal loan rates can vary depending on several factors, including credit score, income, and the chosen lender.

As mentioned earlier, Credible’s interest rates for personal loans range from 4.6% to 35.99%. Your individual rate will depend on your creditworthiness and the lender’s assessment. Other factors affecting the rate you get on a loan include your credit score and debt-to-income ratio. 

The average interest rate on personal loans at was 14.43% in June 2023. 

Here are the average APRs on personal loans through based on credit scores:

  • Credit Score 780 or Higher: Average APR = 8.92%
  • Credit Score 720 to 779: Average APR = 12.50%
  • Credit Score 680 to 719: Average APR = 8.92%
  • Credit Score 640 to 679: Average APR = 24.70%
  • Credit Score 600 to 639: Average APR = 29.64%
  • Credit Score Less Than 600: Average APR = 32.06%

Source:, What Credit Score Do I Need to Take Out a Personal Loan?

How to Secure the Lowest Interest Rate on Personal Loans:

You can employ several effective strategies to ensure you obtain the lowest interest rate on personal loans through Credible.

  1. Improve your credit utilization ratio by paying down credit card balances. Lowering this ratio can positively impact your credit score, potentially leading to lower interest rates.
  2. Utilize Credible’s user-friendly platform to compare loan offers from different lenders. This enables you to select the loan with the lowest interest rate and most favorable terms. Remember to consider the total cost of the loan over the entire repayment period, as shorter repayment periods often result in less interest.
  3. Check rates at your local brick-and-mortar bank or credit union. Your personal checking account bank may offer special rates for their customers. You can challenge Credible’s personal loan rate guarantee if you find a lower rate elsewhere.
  4. Military members and veterans should explore options like Navy Federal Credit Union and other credit unions, which often offer attractive rates and specialized services.
  5. Negotiate with the lender for a discount. For example, some lenders offer a 0.25% discount for borrowers who set up automatic bill pay.

Credible Personal Loan Requirements: 

What Information Does Credible Require for Pre-Approval of Personal Loan Rates? 

To get pre-qualified for a loan within as fast as two minutes, you may be curious about the information Credible needs. Rest assured; they won’t ask you to provide excessive personal information. 

Basic requirements to get pre-qualified for personal loans at Credible include, 

  1. Personal Information: This includes your name, address, date of birth, and Social Security number. You must provide a government-issued photo ID, such as a driver’s license.
  2. Financial Information: Credible will ask for details about your employment status, annual income, and debt-to-income (DTI) ratio.
  3. Loan Amount Details: You must provide information about the desired loan amount, specifying how much you want to borrow.

Credible’s Personal Loan (Credit Requirements and Criteria): 

To be approved for a loan at Credible, you must meet certain requirements. These are the minimum criteria set by lenders. 

  1. Credit Score: Credible Lenders prefer borrowers with a good credit score above 670. However, Credible personal loans for bad credit are available.
  2. Income: You must have a regular and stable income to show that you can repay the loan. This can be from a job or other sources.
  3. Employment or Income Verification: Lenders may ask for proof of your employment or income, such as pay stubs, tax returns, or bank statements.
  4. Citizenship or Residency: You must be a U.S. citizen or a permanent resident with a valid Social Security number.
  5. Age: You must be at least 18 to apply for a loan through Credible.

Meeting these requirements doesn’t guarantee loan approval since each lender has their own criteria. Lenders want to be confident that they will get paid back in full and that you won’t default on the monthly payments. Consequently, they consider factors like your credit score, income, and personal details.

Is Credible a Safe Place to Apply for Personal Loans?

Credible takes the following measures to protect borrowers:

  1. Their online application employs TLS encryption, the same security protocol used by major banks.
  2. They do not sell your information to third parties. You can trust that your personal details will remain confidential and won’t be used for unwanted marketing purposes.
  3. Partner lenders undergo a rigorous due diligence screening process to ensure they are reputable and trustworthy.

Overall, Credible’s commitment to privacy, data security, and their thorough selection of partner lenders make them a safe and dependable platform for applying for personal loans. You can confidently explore loan options through Credible, knowing that your information is protected and you’ll be working with reputable lenders.

Does recommend Credible for personal loans?

Initially, we had concerns that a platform like Credible could result in consumers getting bombarded with solicitations, as that’s the case with some of its top competitors. However, our research has proven otherwise.

Let’s compare LendingTree vs. Credible complaints to shed light on this.

Our worries about unsolicited calls and the sale of customer information were unfounded. Unlike LendingTree, which has over 250 BBB complaints, many related to overwhelming lender phone calls, Credible takes a different approach.

They carefully select lending partners and prioritize customer privacy. With Credible, you can experience a focused and personalized lending process, free from overwhelming solicitations.

Rest assured, Credible maintains an unwavering commitment to upholding high standards for a secure and seamless lending experience. When seeking reliable and credible personal loans, Credible is the platform to consider.

Don’t forget to check other reputable sites for Credible reviews and client testimonials. Reddit, BBB, and Google all offer access to Credible’s customer reviews and insights.

Credible Logo

Table of Contents