Credible is known for providing customers like you with the necessary simplicity, choice, and unbiased support for all the important financial decisions life has to offer. Keep reading Benzinga’s review of this online platform and its lending partners for detailed information on the types of loans it offers as well as its exclusive perks.
A mortgage is a popular type of loan designed to help you purchase or refinance your home. A mortgage is the best way to buy a home without taking out all the cash upfront, as most people who buy a home do so with a mortgage. There are countless offers and interest rates that come with mortgages from all types of lenders, and that’s where credibility comes in to make the process of taking your living situation to the next level a little less daunting.
Credible’s Mortgage Marketplace brings together lenders and credit bureaus, allowing you to compare pre-qualified mortgage rates – not estimates – and qualifying terms across multiple lenders in just a few moments. This marketplace uses intelligent logic that allows you to answer questions related to your specific situation to find prices and offers that suit you 100%. This system also removes duplicate questions from the process and delivers a concierge-level experience until closing. Additionally, as a broker, Credible’s licensed loan officers provide concierge service to borrowers until closing.
According to reviews of Credible’s mortgage services, it can provide you with a great rate. From start to finish, it took a client from Raleigh, North Carolina just about 21 days to close on her loan, which she felt was “unbelievable.” She noted that her friends on the street said it took them twice as long to close a mortgage loan through another service.
With so many trusted lending partners ready to offer you fixed and adjustable rates and a dedicated all-business support team to help you every step of the way, Credible’s mortgage marketplace is hard to beat.
Loans are an integral part of Personal finance It can help you achieve your goals and help you build credit to secure financial prosperity and opportunities in the future. Keep reading to learn about Credible’s services for finding the best personal loans, private student loans, and student loan refinancing.
Personal loans
Not guaranteed Personal loan It is financing that you can borrow from a bank, credit union, or online lender that does not require collateral (such as a bank account or a car). The uses of a personal loan are pretty much limitless, as most people use them Credit card debt consolidation And help pay for unexpected expenses. You make monthly payments to pay it off in full, plus interest based on a rate set by the lender. Loan terms and interest rates vary based on the lender’s specifications and your personal information such as your credit history.
Finding personal loans through Credible is simple and fast – it can find your pre-qualified personal rates in just a few minutes. It can also match you with lending partners who offer you the best loans from $1,000 to $250,000 after tailoring your search to your needs and specifications. Some loans work better than others Debt consolidationOr home improvement projects or even the wedding of your dreams.
One verified customer stated that using Credible to find his next personal loan was a quick and easy process and would recommend it to anyone. Another customer praised Credible’s personal loan services, saying, “Finally, I’m able to live my life the way I want to enjoy it. Thank you, Credible, for giving me the ability to own my life.”
Private student loans
Private student loans Through various lenders such as banks, credit unions, and online lenders, they can help you continue paying for school after you reach the federal loan limit. Private student loans can have variable or fixed interest rates, which may be higher or lower than federal loan rates depending on your circumstances. Obtaining these loans often requires an established credit history or a co-signer, as lenders take your credit history into great consideration when determining the amount, loan term, and interest rate they will offer you.
Credible is available to match you with many trusted private student lending partners like Citizens Bank, Ascent and MEFA to get you the best possible actual rate, not just a rough estimate. Just like the mortgage refinancing process, Credible helps you avoid filling out duplicate forms, making the research and signing process as streamlined as possible. You can finance almost any degree or program with Credible and flexible payment plans designed to fit your budget. Finally, Credible makes sure that its lending partners don’t charge origination fees or prepayment penalties on their loans.
Steve, a verified customer, said, “Everything was done correctly on the app and I got the money within 48 hours. Easiest loan process ever.” Allen, another verified customer, said Credible has “amazing service and a very well-organized approach to comparing prices and other terms.”
Refinance student loans
Refinance student loans Initially established to help make paying off student debt more manageable, paying off such looming debt is a common struggle among young graduates trying to secure a healthy financial future. Refinancing is the process of getting an entirely new loan at a new (and better) interest rate to pay off your old federal and private loans.
With Credible, you can refinance some or all of your federal loans into one private loan, or refinance your own loans from banks, credit unions, or your school and Even refinance parent loans PLUS. However, keep in mind that if you refinance your federal student loans into a private loan, you will lose access to federal loan protections like income-based repayment, loan forgiveness and more.
What’s even more impressive is that you can compare pre-qualified student loan refinancing rates from multiple lending partners without impacting your credit score. All you have to do is fill out a quick form that includes detailed information such as your school and degree type. This should take less than two minutes and gives you access to options from top brand lenders. Then, you can easily compare your pre-qualified options and real-time prices in one place while using the tools to find the plan that works best for you. With one final online form, you can finish providing important personal details and have your final offer as quickly as within a day.
Cassandra reviewed Credible’s refinancing services and said, “It was very easy to get a bunch of offers to refinance my student loans. I’m trying to rebuild my credit and after dozens of rejections, I got several offers with reasonable terms! Very happy!”
KG said, “Awesome! I wish I had gone to this site sooner. It led me to the loans at the lowest rates and I was able to choose the best one for me. Thanks, Credible!”
Credit cards provide you with a line of credit that can be used to make purchases, balance transfers or cash advances that you repay monthly over a set period of time. There are different types of credit cards to choose from, each of which helps you benefit in unique ways depending on your current financial situation and goals.
Rewards credit cards help you maximize the value of your everyday purchases, giving you miles, points and cash back on the everyday purchases you make. Balance transfer cards can have an APR of 0% or below average and a transfer period of 6 to 18 months, which can help you reduce debt from other cards and save you hundreds or even thousands in interest. Student credit cards are designed to help college students establish a strong credit history, an important milestone for securing a strong financial future. Many student cards come with no annual fees and low interest rates.
Credit is a big factor in determining which cards will work best for you as a borrower, so you can easily filter available cards to those that fall into all four credit categories. What’s more, you can customize your search to find cards within specific networks like American Express and Mastercard, and financial institutions like Wells Fargo, Capital One, and Bank of America.
Customer service is a necessity for any business, and it’s especially important for online platforms like Credible that connect customers with the best independent lending partners available.
Online, Credible has proven its ability to put customers first in every service it provides. On each page that details its specific services, online and phone contact information for the San Francisco-based customer success team, as well as office hours, are readily apparent. Not only is this contact information presented in an accessible manner, but each page has subsequent FAQ sections included to educate customers on important qualifications and necessary steps to take before moving on to the relevant products.
Although these qualities of customer service are great on the face of it, some customer reviews from Trustpilot.com talk about issues like lack of or delayed communication from customer service, or on the other end of the spectrum, arrogant and unnecessary phone calls regarding the quality of their service.
Overall, Credible is a high-quality, press-acclaimed tool that can help make finding your next loan or credit card a much faster and less stressful process. From matching you with the best online mortgage refinancing options on the market to finding the loan that fits your needs and goals, Credible is there for its customers with expert secure encryption, a risk-free, fee-free interface, and customer service that’s hard to beat.
Every financial service has its drawbacks and credibility is no different. From its customers’ perspective, and based on real customer reviews of the company’s customer service and overall algorithm, Credible has a little work to do before earning a perfect 5/5 rating.
***Pre-qualified rates are based on the information you provide and a simple credit inquiry. Getting pre-qualified rates does not guarantee that a lender will make you a credit offer. You have not yet been approved for a specific loan or rate. All credit decisions, including loan approval, if applicable, are determined by Lenders, in their sole discretion. Lowest advertised rate is not available for all loan sizes, types or purposes, and assumes a well-qualified borrower with an excellent credit file.
