Credible is a third-party student loan refinancing company founded in 2012. Rather than providing refinancing rates for student loans from a single lender, Credible instantly provides users with a dashboard of student loan rates from multiple lenders. The dashboard gives users a side-by-side comparison of APR, monthly payment, and more. Finding a rate through Credible is absolutely free.

Read our expert review below or scroll down to read Credible reviews.

The Good

  • Choose from a Variety of Companies
  • Refinance Private and Federal Loans
  • Auto Pay Discounts
  • Soft Credit Inquiry
  • Positive Reviews
  • Supplemental Information
  • Credible Highlights

Choose from a Variety of Companies

Credible works with six excellent student loan refinancing companies: Citizens Bank, RISLA, MEFA, College Ave, and iHelp. To apply for refinancing, you simply enter information including your education history, employment history, and student debt. The form takes less than two minutes total to complete and checking your student loan rates on Credible does not impact your credit score.
Credible's two-minute application process enables a customer to begin searching. Within minutes, you can prequalify for student loans from each of the six private lenders in Credible's network. Credible's easy-to-use dashboard allows you to compare rates on a number of important loan criteria, including APR, monthly payments, total repayment amount, and loan terms. If you find a lender you like, simply reach out to the lender by filling out the corresponding form. Once the lenderhas considered and accepted your offer, Credible will conveniently notify you via phone, text, or email.

Refinance Private and Federal Loans

You can use Credible to refinance private and federal student loans. And one feature that sets Credible apart from other marketplace platforms is the ability to help you refinance your student loans even if you did not graduate. Potential customers should note, however, that to use Credible's service, they cannot be currently enrolled in school. Nevertheless, the ability to refinance student loans for non-graduates is a unique value not offered by many in this industry.

Auto Pay Discounts

Because Credible is a marketplace of refinancing lenders, there are a variety of discounts available to their lenders. When you sign up for Credible's auto pay service, you will receive a 0.25 percent discount-regardless of the lender you select.

Soft Credit Inquiry

You might be worried about a hard credit pull impacting your credit history. Credible and its lender partners make soft inquiries to check what rates the customer prequalifies for, and only with the borrower's permission, leaving the customer's credit score untouched.

Positive Reviews

Credible has predominantly positive online reviews. Most consumers like that it gives them the option to browse lenders from its loan marketplace. One reviewer said of Credible, "Credible gave me an easy way to compare my options for student loan refinancing, and ultimately, helped me save over $11,000 by cutting my interest rate in half. Their customer service team was responsive and helpful."

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Supplemental Information

Credible works hard to inform consumers about topics related to lending, refinancing, and personal finance. Credible ranks and reviews its student loan lenders and maintains blogs for three of its categories (refinancing, student loans, and personal loans). Consumers can also read company FAQs on some of the basics of loan refinancing. Not only is the Credible website capable of serving up the best refinancing options, but it's also a platform for users to weigh the pros and cons of refinancing and learn more about its benefits.

Credible Highlights

  • Compare Student Loans on One Platform in Less Than Two Minutes
  • Low Debt Requirement of $5,000
  • Fixed APR Starts at 3.5%
  • Variable APR Starts at 2.13%
  • Private Loan Refinancing or Federal Loan Consolidation
  • No Fees to Use Credible, Including Application and Origination Fees
  • Cosigner Comparison Tool

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The Bad

  • Variable Information

Variable Information

Using a marketplace for loan refinancing has both perks and disadvantages. The main drawback to finding a rate through a marketplace platform like Credible is that not all lenders featured on the site are created equal. For example, some lenders offer a forbearance option and others do not. And while Credible does provide extensive profiles on each lender, you may feel the need to conduct additional research on a potential lender before sending in your form.

The Bottom Line

Credible offers a convenient way to compare information about multiple lenders all under one easy-to-use platform. It's an excellent outlet for users to compare several attributes across the lender board. Using Credible is simple, straightforward, and completely free. Before selecting a lender through Credible, be sure to read its company profile, and make sure it provides all the features you're looking for as you refinance your student loans.

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User Reviews

Star Rating


52 Reviews

Review Breakdown

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Olivia Hua

May 13th, 2015 San Jose, CA

Credible allowed me to quickly and easily understand whether or not I was overpaying on my student loans. As it turns out, my interest rates were competitive and would not benefit much from refinancing. The site was easy to navigate and saved me the hassle of having to explore lenders directly to know if I could benefit from refinancing. I would recommend Credible to anyone with student loans to check them out for reassurance purposes or if your interest rates are high, save some money without much hassle.



May 11th, 2015 Boston, MA

This company shopped my personal information to many different financial institutions. Each of these banks did a hard inquiry on my credit report. This dropped my credit score by 10 points in the middle of a time when I am trying to buy a house. This company NEVER disclosed they would be shopping around my personal information for their benefit. Moreover, they never stated a hard inquiry would be performed on my credit. This company is the antithesis of the word credible. Please avoid this company - they are not professional in how they do business.