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Credible is a marketplace that allows borrowers to shop around for both student loan refinancing, private student loans, personal loans, mortgages, and credit cards.

We have been fans of Credible for a long time, because we’re fans of being able to shop and compare the best rate. And Credible makes that easy.

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There are dozens of student loan lenders and refinancing companies out there. Where do you even start? And will applying at each place hurt your credit? That’s where Credible comes into play.

Credible consistently comes in at the top of our list of best places to refinance student loans and places to find the best student loan rates. The reason is simple – they make comparison shopping for student loans easy, so you get the best deal quickly.

Let’s dive into Credible and see what it’s all about. Hopefully you’ll see why we love them too. Plus, if you get a loan via Credible, you’ll get up to a $1,000 gift card bonus for using our link (and you won’t find that offer other places). Here’s our Credible Review:

Overall Rating
4.2
out of 5
Commissions & Fees
4.6/5
Tools & Resources
3.2/5
Customer Service
5/5
Ease of Use
4.2/5
Investment Options
3.8/5
Asset Allocation
4.6/5
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Fees & Features

Minimum Investment

$100,000

Fees

Wealth Management: First $1 million: 0.89% ; $1-3 million: 0.79%;
$3-5 million: 0.69%; $5-10 million: 0.59%; Over $10 million: 0.49%

Accounts

  • Taxable
  • Traditional IRA
  • SEP IRA
  • Solo 401(k)
  • Partnerships
  • Coverdell
  • Savings
  • Joint
  • Rollover IRA
  • SIMPLE IRA
  • Trusts
  • Non-Profit
  • Annuities
  • Money Market
  • Roth IRA
  • Custodial
  • 401(k)
  • Limited Partnerships
  • 529
  • Checking
  • CDs

401(k) Assistance

Promotions

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What Is Credible Student Loan Refinancing?

The hard part is finding this “magical” loan. That’s where Credible comes into play. On Credible, you can fill out a single form, and it will compare multiple lenders at once for you, so you can find the best rate and terms for your student loan.

You can even fill out the entire application on their site (including for cosigners), and they walk you through the entire process from start to finish. Their goal is to make getting a student loan easy, and we think that they do it well.

It compares options from many of the top lenders: College Ave, RISLA, Citizens Bank, and more.

Deposit Amount
Personal Capital Fees
$100,000-1 Million
0.89%/yr.
For Clients Who Invest $1 Million or More
$1-3 Million
0.79%/yr.
$3-5 Million
0.69%/yr.
$5-10 Million
0.59%/yr.
$10 Million or More
0.49%/yr.

If you have a private student loan, and want to lower your interest rate or change your payment terms, one of the best ways to do that is by refinancing your student loan. You can also refinance Federal student loans, but it’s typically not advised. Read our full guide on student loan consolidation to learn why.

When you refinance your student loan, you’re taking out a brand new loan, that pays off your old loan. This new loan hopefully has a lower interest rate, or maybe a longer repayment period, which will lower your monthly payment.

The hard part is finding this “magical” loan. That’s where Credible comes into play. On Credible, you can fill out a single form, and it will compare multiple lenders at once for you, so you can find the best rate and terms for your student loan.

You can even fill out the entire application on their site (including for cosigners), and they walk you through the entire process from start to finish. Their goal is to make getting a student loan easy, and we think that they do it well.

It compares options from many of the top lenders: College Ave, RISLA, Citizens Bank, and more.

Get a Quote

How Does It Work?

Credible is one of the easiest platforms we’ve used. It’s very straightforward and it takes about 2 minutes to find your rate.

1. Find My Rate

The first thing you do is click “Find My Rate” and fill out the short form. It takes about 2 minutes to enter your information.

step-one-image
Step One
Compare Rates
Fill out a quick simple form (2 mins)

You need to provide information about your education and finances, as well as how much student loan debt you’re looking to refinance.

The great thing about this is this doesn’t impact your credit score. Credible starts the entire process with a soft credit check, so you don’t have to worry about this impacting your credit score. That means that you can see if it’s even worth it to refinance worry free.

2. Compare Your Options

After you enter your information, you’ll see a dashboard of the various offers you might qualify for. I say “might” because none of these are 100% guaranteed. Since none of your information was verified and your credit wasn’t checked, this is still subject to change. Note: While it’s not guaranteed, these are your actual pre-qualified rates.

step-one-image
Step One
Compare Rates
Fill out a quick simple form (2 mins)
step-two
Step Two
Select A Lender
Choose an option you like (2 mins)

Assuming nothing changes in your credit profile, market rates have not changed and you can verify the information you provided in your profile, these rates are typically accurate.

3. Apply For Your Student Loan

Once you decide on a lender, it’s time to apply. During the application process, you’ll be asked more in-depth questions about your loans, your financial history, and the lender will run a real credit check. Note: This all happens on the Credible website.

step-one-image
Step One
Compare Rates
Fill out a quick simple form (2 mins)
step-two
Step Two
Select A Lender
Choose an option you like (2 mins)
step-three
Step Three
Apply Online
Choose an option you like (2 mins)

After you complete this process, the lender will work with you directly to finalize all the details.If you need a cosigner for your student loan, they can start an application on Credible’s site as well and it can all be streamlined together.

Get a Quote

How Does Credible Compare?

Credible was one of the first student loan marketplaces to integrate lenders and make the application a seamless experience. Unlike other platforms which might compare lenders and link you to various applications, Credible streamlines the process and lets you apply at multiple lenders all at once.

With that being said, there are several other companies that offer similar services. Here’s a quick comparison:

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Rating
Refinancing?
Private Loans?
Personal Loans?
Single Application
Bonus
$1,000
$500
None

Is It Safe And Secure?

While Credible doesn’t receive any money from its users, it does receive a lot of sensitive personal information including Social Security numbers. Thankfully, the website does use industry-standard encryption to protect your privacy.

You’ll also be automatically logged out of your account after a few minutes of inactivity to prevent unauthorized access. Note that you won’t lose any of your application progress though as Credible will auto-save everything before logging you out.

FAQs

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Facts & Figures

THINGS YOU SHOULD KNOW
Rating: 4.2/5.0

A free and easy-to-use personal financial software that syncs up all your accounts in one location. Personal Capital creates summaries of your spending, net worth, and most importantly, your investment portfolio. The upsell is its wealth management service.

  • Legal Name:Personal Capital
  • Year Founded:2009
  • Headquarters:250 Montgomery St., San Francisco, CA 94104
  • CEO:Jay Shah
  • Ticker:N/A
  • Legal Judgements You Should Know About:N/A
  • Clearing Agency:Pershing Advisor Solutions
  • FINRA CRD:155172
  • SEC ID:801-72613
  • SIPC Member:Yes
  • Total AUM:8,500,000,000
  • # of Accounts:37,793
  • Average Account Size:171,699
credible-logo

A free and easy-to-use personal financial software that syncs up all your accounts in one location.

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