& be up to date!
Credible is a loan marketplace enabling you to shop and compare rates from lenders in one place. Credible is not a lender but a comparison website offering borrowers the opportunity to compare loan rates and offers from up to 7 lenders.
Makes it easier to find loan offers from multiple lenders with one application. You can borrow from $1,000 to $50,000.
After a short application that includes name, income, and loan amount, Credible will run a soft credit check. A soft credit check does not impact your credit score. If you can meet the lenders’ criteria, you’ll then pre-qualify for loans but none of which are final until you’ve submitted a complete application directly to the lender.
Once you complete the application with a lender, you continue the process with them. Credible is not the lender and you’ll need to send your information to the lender who has approved your loan.
The service is free. They make their money from the lenders who pay them to source new borrowers.