Credible Review: Is credible Legit or Scam | How it Works

Here’s an honest Credible review to help you learn how the platform works.

In this article, we are going to take some time to review this platform. Part of what you’ll also get to learn is whether or not it is legit.

Going through college and having to foot its bills is one of the hurdles students go through. Credible is one of the platforms that helps you find student loans to foot your bills through school.

Do really take your time to read through this article for all it promises to offer. Meanwhile, look through the table of content for an overview of what to expect in this article.

What is Credible?

Credible is basically an online platform that lets you compare student loan offers from multiple lenders.

As a lending marketplace, Credible offers people a quick and seamless, and most importantly, reliable way for comparing loans among top lenders.

In other words, it lets you compare lenders and rates for students’ loans and private student loans.

Basically Credible doesn’t do any lending itself. What it does is to create the platform; an enabling environment for students looking for loans to meet with lenders and then, it earns commissions from the lenders for providing them the ground to sell service.

Read: 30 legitimate work from home jobs hiring now

How does Credible work?

Credible is an online marketplace, and works just like a traditional one, only a lot simpler, cleaner, and more convenient.

Basically, how it works is that borrowers will enter their information into the system and then receive price quotes from several lenders almost at the same time.

When the borrowers receive prices, they can then compare these personalized loan quotes to find the best option for them.

So, in very clear terms, here’s a detailed report of Credible works.

Fill out the online application form

You simply start your journey by filling up the application form. Credible’s application form does not take so much time to complete but only takes around two minutes.

Connect with your lender

After you have registered and filled out the application form, the next thing to do is to find a loan that is considerate of what you want.

After you’ve chosen a loan, then you’ll need to upload the rest of your personal details, including bank account information.

After this, the moneylender will credit your account, and you’ll be up and running.

Is Credible legitimate?

Yes, Credible is a very legitimate platform. It is usually a good choice for those who are looking for options to refinance their student loans.

On Credible’s platform, there are well over 100 lenders available to provide you the help you may seek, and interestingly, the process to vet your qualification is almost instant.

Also read: Self Lender Reviews: Is Self Lender Legit or Another Credit Builder Scam

Is Credible good for student loans?

Yes! Credible connects you with money lenders. This is definitely a good way to help you go through school without having to worry about how to pay your bills.

According to, Credible has been ranked as one of the best private student loans.

Cons and Pros of Credible

There are a number of benefits you’ll gain when you get a loan on Credible. In this section, we’ll be looking at some of them. However, you should also know there are disadvantages you may also recount. We’ll see all of them in this section.

Pros of Using a Credible Platform

As found on, here below are some of the benefits you gain when you take a loan from Credible.

Best Rate Guarantee: The Best Rate Guarantee ensures that you’ll get the lowest rates anywhere, whether it’s from Credible directly or from a competitor.

Single application form: Credible makes easy work of the application process by sending a single application out to multiple lenders. You take two minutes to fill out one form and get back several responses.

Personal information is not shared: This might be the biggest perk! Credible reserves your private information and only sends it out to the lender that you approve.

No fees: Credible is completely free to use. Plus, Credible lenders usually don’t charge origination, service, or early payment fees. And many lenders also offer auto-pay discounts.

Cons of Using a Credible platform

Here in this section, you’ll learn some of the disadvantages of using the Credible platform.

Not a direct lender: Credible is not the direct money lender but is only a mediator between the lender and the student.

May miss out on loan benefits: Working with Credible may limit your loan bonuses. This is because you are working with a specific marketplace and within a particular network. If you prefer having all the options available to you, this might not be your ideal solution.

Credible review: Bottom Line

Just as the name goes, Credible is a credible online platform where you have access to so many lenders who are willing to give you funds for your school. The platform is completely free.

So, in a nutshell, from our credible review, we could simply state that the platform is legit and you can take advantage of it.

Looking for alternative ways to get students’ loans, read Bank of America Student Loans: Refinancing and Alternatives.


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