Credible Student Loans Review 2020


Credible is a loan comparison marketplace that allows would-be borrowers to shop around for loans that meet their needs – including mortgages, mortgage refinancing, student loans, student loan refinancing and personal loans. The company was founded in 2012 in San Francisco as a tool to empower borrowers to find the best rates and products.

What Are Credible’s Best Features?

  • No hard credit pull.
  • Compare products and get prequalified.

Does Credible Have Any Drawbacks?

  • You will only see prequalified offers from lenders if you are eligible.
  • Credible is just a starting point; further research into lenders is up to you.

Which Types of Loans Can You Compare on Credible?

Credible offers prequalified rates on loans including:

  • Personal loans.
  • Mortgage.
  • Mortgage refinancing.
  • Student loans.
  • Student loan refinancing.

Does Credible Charge Any Fees?

Credible is free to use. The company earns referral fees from lenders if you apply for a loan using the Credible portal.

Does Using Credible Affect Your Credit Score?

Credible does not perform a hard inquiry on your credit report when you submit a request for rates. Instead, it does a soft inquiry, which has no effect on your credit score. That said, you are not guaranteed to get prequalified rates from every lending partner.

Should you decide to move forward with a full lender application, at that point, the lender will do a deeper dive into your credit with a hard credit inquiry, which will temporarily impact your score.

How Does Credible Work?

The process is fairly simple. Begin by selecting the type of loan you’re interested in, and fill out a form request. Questions will be about your finances and your education (if you’re looking into student loan refinancing). You also have the option of adding a potential co-signer’s information to improve your chances of qualifying. This is helpful if you do not have a lot of established credit or ample income.

The whole process should take about two minutes. If you are eligible for any of Credible partners’ products, you’ll then receive a list of each lender’s prequalified rates. You can use filters to further refine your list as needed.

Users can then do their own independent research to further vet the results and choose the loan that’s best for their needs. You can send your information directly to the lender via Credible.

Does Credible Offer Loans?

Credible is not a lender – it is a marketplace for comparing lenders. Think of it as a research tool to get a personalized snapshot of your options based on your financial situation.

Does Credible Offer Customer Service?

If you have any questions, you can contact Credible via email (, phone 866-540-6005 or chat online.

Credible Marketplace is Best for:

  • People shopping around for a loan.
  • People who want to get an idea of rates without hard credit pulls or fees.


Leave A Reply

Your email address will not be published.