Credible Reviews

To get the prequalified rates from credible lenders, you need to –

Create an account with Credible with your email id. You must accept Credible’s Terms of Use, Privacy Policy, and Automated Phone and Text Consent.

Credible has streamlined the loan application process, making it a breeze to shop for quotes. The first step is to create an account with Credible with an email ID and password. It will help you to save loan offers, upload loan documents, communicate with lenders, and seek Credible customer support.

The next step is to start the Credible Mortgage questionnaire, which helps discover the best available offers for your circumstances. The questions are automatically generated based on your inputs in a concierge-type format. Select “Home Loans” if you are a new borrower or Mortgage Refinancing if you want to refinance an existing mortgage or make structural improvements/refurbishments to your existing property.

Most options have a drop-down menu, making it a pain-free experience to get quotes quickly. However, you may need to type in certain information like property address, Social Security Number, and other personal information.

If you want a personal loan with your existing home equity as collateral (HELOC), choose Home Refinance and then the Cash Out option.

Once you complete the questionnaire, you will see a list of available offers from all lenders on Credible. For easy browsing, you can filter the offers by APR, fees, monthly payments, loan type, and loan terms.

You can select any loan, submit documents, and collect an in-principle sanction letter to help you book a new home.

• Income proof –Income tax returns, pay stubs, bank statements, W-2s, and 1099s.
• Address proof– Utility bill, voter registration card, insurance card.
• Identity proof – Social Security Number, driver’s license, Voter ID.

We wanted to apply for an auto loan and chose Credible because the company is a marketplace that only partners with large, well-respected loan providers. Upon visiting Credible’s website, we were impressed by how clear and easy the site was to use.

We entered the amount we wanted to borrow and hit “Find My Rate” to get started. Doing so took us to the personal loans application, where we selected that we wanted a loan for car financing. We were then asked about our education level, employment status, and income. Then, we were asked to give our personal details, including name, address, income, housing status, and SSN.

After entering our phone number, we submitted our search and were presented with the range of auto loan options available to us. As with the application process, the website is clean and user-friendly, making it easy to compare the results. We chose the loan with the terms we wanted, and after selecting this, we uploaded our documents to prove our ID and income. We also provided bank account details so that we could receive the funding.

We agreed to Credible running a hard credit check, after which we received approval for the loan. All that was left was to sign this documentation, and we received the funding two days later.

The process was quick and easy, and the loan options we received were competitive in today’s marketplace.

We wanted to apply for a student loan as a co-signer. Hence, we decided to use Credible due to its established partners and there only being one quick application to complete to prequalify.

The Credible website makes it easy to start the process, and we clicked the co-signer button to get started. We chose that we were a new user and were greeted with a basic form to get started.

This was followed by completing our date of birth, phone number, and address. We stated that we were a US citizen and entered the details of our monthly housing payment. Finally, we entered our household income details, entered our email address, and created a password to sign up for a new account.
At this point, we were asked to invite the student we were co-signing for into the process.

You can either wait for the student to complete their section via email, but as we were with the student, we proceeded with the application together. After entering the same basic details as the co-signer, we had to enter details of the university being attended and the degree being obtained, including the term that we needed the loan for.

We then selected our loan amount, and Credible searched among its lenders for the best information. This then presented the range of options that were available to us.
There were several different loan options within the range we were looking for, so we had to research these providers individually to see which suited our needs best. After this research, we selected the provider that met our repayment term needs.
At this stage, we formally applied for the loan we wanted and uploaded all of the required documentation, including proof of income, proof of ID, and bank account details. The student also completed this we were co-signer for.

While the application wasn’t the quickest process we have encountered, it was easy to complete. The website structure is very tidy and made applying straightforward. In total, the process took less than ten minutes to complete, with approval for the loan being received within a day.