Credible Review: Refinancing and Student Loans

 in Blog  tagged student loans

If you are looking to lower your student loan interest rate, refinance your mortgage, or transfer over a credit card balance. Credible is the best tool for the job.

What is Credible?

Credible is a great platform where users can compare loan offers personalized to their needs. Think of it like the Expedia of loans. You can choose from multiple vetted lenders, ensuring that you have the confidence and resources to be able to improve your financial future. 

You will have access to an expert team to help guide you as well as the chance to choose from thoroughly vetted lenders. The entire process is safe since Credible has 256-bit encryption as well as SSL technology to make sure your data is secure. You will be able to compare all the options you have without putting your credit score at risk. Best of all: it’s free! 

How Does Credible Work?

Credible is an online marketplace that offers borrowers with personalized, competitive loans from different vetted lenders in real-time. You will need to fill out a simple form and then get personalized rates from different lenders in just 2 minutes. 

Credible Features

Student Loan Refinancing

Credible helps you pay less for your student loans so that you can get more out of life. You can compare rates for student loan refinancing from 10 lenders without any risk to your credit score. All you need to do is to fill out a 2-minute form. 

You will be able to adjust the repayment terms or interest rate on your federal or private student loans by getting a new loan that either pays off all or some of your existing debt. Refinancing can help reduce your total interest, monthly payments, or both. 

Refinancing doesn’t really cost you anything from Credible. The partner lenders do not have any loan application fees, prepayment penalties, or origination fees. 

Mortgage Financing

Credible is the most trusted mortgage broker you can get. It helps you with shopping for homes, researching, and making an offer. You can generate pre-approval letters in an instance and get competitive rates while comparing lenders. 

It will take you a total of three minutes to qualify for a letter without any risk to your credit card. Credible also ensures that you keep your data secured while comparing rates from lenders. Credible offers a modern approach to buying a house so that you can complete the entire process online. You will receive automatic updates and bank integration solutions so that you don’t have to go out of your way for anything. 

One thing you should remember is that Credible is a broker service, not a bank. Hence, they don’t try to deceive you or sell you on bad deals. They have loan officers with over 30 years of working experience that can also guide you through making the best decision. 

Mortgage Re-financing

You can compare many lenders to make sure that you save as much as you can on interest. Mortgage refinancing allows you to get the cash and the rate you need to have a financially stable future. You can pre-qualify for a loan in less than three minutes with actual rates from lenders. 

Credible uses smart technology to streamline questions and automate the process so that it is simple and quick. You can complete the entire process from comparing rates to closing a loan from one place. Since most buyers usually apply to a single lender, it can often result in huge losses. Borrowers who seek out additional quotes are able to save around $1,435 on a mortgage of $250,000. 

You shouldn’t rely on ballpark estimates that most rate comparison websites and lenders hand out. If you want to compare real refinancing rates, then you have to request a quote from every individual lender. Credible makes this easy for you by sending you actual rates from many different lenders all at once. 

Best Rate Guarantee

Credible has a Best Rate Guarantee. They offer you $200 if you are able to find or close at a better rate anywhere else. Credible wants you to be reassured that they offer the lowest rates in the market when you are out to refinance your debt. Hence, if you find a lender that isn’t working with Credible with lower rates after checking out the options on Credible, the company will pay you $200. 

Here are some vital highlights from this guarantee that you should know about:

  • Only refinancing loans for students are eligible for this policy.

  • After you have received the pre-qualified rates, you have 10 days to receive and submit a better rate. 

  • The lender must be one that is not on a Credible Website. You can check the list here. 

  • The rate must be offered at the same information that Credible received. 

  • After closing and getting the funding for the loan, you have a week to submit the information to Credible to get the $200. 

Credit Card Comparison Tool

You can also use Credible to get a comparison for credit cards. Getting credit cards that work for you is important because you will be able to build reward points based on your own needs rather than the bank’s policies. Getting a reward-based credit card will help you maximize the value you get from everyday purchases you make. This can help you earn cash back, miles, points, and more with every purchase. You shouldn’t also rule out credit cards that have an annual fee either since they often balance out the cost through rewards. 

To help you out, Credible has an easy tool that can find the right credit card for you. You can browse through:

  • Cashback card

  • Travel card

  • Balance transfer card

  • Low-interest card

  • Zero-percent card

  • Secured card

  • Student card

This can help you find the right credit card to maximize your rewards. 

How Do You Apply and Log-in At Credible?

Credible is pretty intuitive to use. The log-in process is based on simply signing up with a valid email and a password. Once you are verified through the code sent on your email, you will have access to Credible’s many amazing tools. 

To apply for loans or refinancing, you only have to fill out a 2-minute form. It doesn’t take long, and you can be reassured that your data is not being sold or used in any adverse ways. Credible keeps all your data safe and secured behind encryption and protection acts. 

What Does Credible Cost?

The best part about Credible is that it doesn’t cost you a thing. The service is free to use, and any loans you secure will come with no added costs from Credible. Credible earns by charging lenders a small fee, but that doesn’t impact your loan or use in any way, shape, or form. 

Check out credible here!

andrew
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