|Loan Type||Personal Loans|
|Loan Amount||$1,000 to $50,000|
|Repayment Terms||24-70 months|
|Origination fee||No fees for the service|
|Time to funding||Typical 1 - 3 business day|
|Soft credit check?||Soft check|
|Best for||Abrove average credit score|
Established in 2012, Credible is an online lending marketplace that allows consumers to search for and compare customized pre-qualified personal loan offers from multiple lenders. It also offers student loan refinancing, private student loans, and credit cards. Credible is based in San Francisco and has a strong leadership team with decades of financial experience.
To receive prequalified offers, applicants are required to create an account on the Credible website and provide relevant personal information. This information includes the purpose of the loan, name, address, employment status, and social security number. The social security number is used to retrieve the applicant's credit history and provide personalized rates, but this request is a soft credit check and does not affect the their credit score. Minimum FICO score, debt-to-income ratio, and other requirements for individual loans are not disclosed by Credible, owing to the fact that they are only a marketplace and not a direct lender.