Credible Review- An Easy Way to Refinance Your Student Loans

Finance loan

With the student loan interest rates going up every year, a lot of students are willing to hire a private debt refinancing company to take care of their situation. Instead of paying a high-interest rate on several of your student loans, you can now pay a single monthly payment with a lower interest rate. Refinancing allows you to pay a lower monthly payment than you were paying before.

You don’t have to pay a consulting or refinancing fee. It’s totally free. Even students with fixed-rate federal student loans are opting to refinance. In this post, I have reviewed a refinancing company known as Credible. Credible is becoming popular among students as it allows them to pick a lender offering the lowest interest rates.

About the Creator of Credible


Credible is a San Francisco, California-based company that allows borrowers to choose from multiple lenders. The company was founded in the year 2012 by Stephen Dash.

How Does Credible Work?

Credible helps students and graduates refinance their student loans by allowing them to compare prequalified student loan refinancing rates from up to 10 lenders. I know it seems too good to be true but Credible gives you the best rate guarantee. If you find a lesser rate someplace else, Credible will give you $200. 

This is how Credible works. First, you are required to fill out a quick form to gain access to the list of low-rate lenders. Don’t worry, your information will not be shared with them. This is just to familiarize you with the available lenders. Credible takes the guesswork out of hunting for a low-interest rate lender.

Next, choose the lender that suits your needs. The lenders are presented to you based on your credit score. Lastly, provide your loan details. The easy import tool will help you add the loan details. After this point, the information will be sent to your chosen lender. You will hear from Credible in a day. 

What I Like About Credible

The whole “form filling” and “adding the loan” process does not take more than half an hour. Also, at any point, if I feel like this service is not meant for me, I can cancel the process and Credible claims not to store my personal information. I like the fact that I have nothing to lose but everything to gain. 

What I Don’t Like About Credible

The customer service could be improved. Credible gets you in touch with lenders offering the lowest interest rates but it fails to help people put when they come with issues. The customer service department is not as good as their flagship service.

My Recommendation

Credible is should be the go-to student loan refinancing company who wish to get a significant amount reduced from their monthly payments. Most lenders prefer candidates with a higher credit score. With Credible, those with an average credit score stand a chance to get the refinancing approved. Although I cannot guarantee the same for the ones with poor credit history.


Credible is free of cost service. For compensation, they rely on their vetted lenders.

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