For Referees refinancing loan balances under $30,000:
Any participant seeking to participate in the Referral Program must comply with all applicable laws, regulations and policies, including but not limited to the following:
For Referees refinancing loan balances of $30,000 and over:
Your participation in the Referral Program is solely as an independent contractor. Neither you nor Credible intend to establish an employment relationship and you are not entitled to any benefits.
The Referrer’s Referral Rewards are limited to the following Rewards cap: (1) up to 5 Valid Referrals who refinance a student loan balance of $30,000 or more; (2) up to 5 Valid Referrals who refinance a student loan balance of less than $30,000; and (3) up to 5 Valid Referrals who take out a personal loan. This Referral Reward Program begins on November 1, 2017. Referrals made prior to November 1st will not count towards the above-stated cap.
If any provision in these terms are held to be invalid, void, or unenforceable, such provision (or the part of it that is making it invalid, void or unenforceable) will be struck and not affect the validity of and enforceability of the remaining provisions.
For Referees who take a personal loan
Credible may suspend or terminate the Referral Program or a participant’s ability to participate in the Referral Program at any time and for any reason.
Credible reserves the right to review and investigate all referral activity and suspend or terminate Credible Accounts, disqualify Participants and/or cancel Referral Awards if Credible believes Participant has violated any law, regulation or policy.
These Terms and Conditions are up to date as of February 21, 2018.
Credible Referral Program Terms & Conditions
Amount of Reward(s)
Referral Program Eligibility
To be eligible to make a referral, you must:
The Referee must start their refinancing or personal loan request through Credible using the same internet browser and device they used to click the referral link. Referral Rewards are limited to one per Referee (meaning one Reward for a student loan refinancing and one Reward for a personal loan). In the event that a borrower clicks multiple referral links, the referral credit will be attributed to the unique referral link that was clicked first. A Referrer may only receive Referral Rewards once per Referee (meaning once for a student loan refinancing and once for a personal loan).
Devices Used and Multiple Referrals
How to Make a Referral
For the purposes of these Referral Terms, the person making a referral shall be the “Referrer” and the person being referred shall be the “Referee”. The Referrer and Referee cannot be the same person.
To make a “Valid Referral”: (i) the Referrer must send the Referral Link that Referrer received from Credible (“Referral Link”) to the Referee; (ii) the Referee must use the Referral Link to register their refinancing request or their personal loan request with Credible; (iii) the Referee must not have completed a request for refinancing or personal loan offers with Credible in the sixty (60) days prior to submitting their refinancing or personal loan request using the Referral Link; (iv) the Referee must not have refinanced a loan or obtained a personal loan through use of Credible previously; and (v) the Referee’s loan must be completed through funding and not later cancelled.
If you do not have a Referral Link, you may contact Credible at email@example.com for a Referral Link.
Referral Reward Payments
Payment of any Referral Reward will occur either via a credit through Giftly.com sent to the email address provided by Referrer or Referee, as applicable, or by any other means determined by Credible. Credible will use reasonable efforts to make payment of any Referral Reward within thirty (30) days of loan completion notification from a Provider. All federal, state and local taxes and duties are the sole responsibility of Participants. If the cumulative Reward paid to a Participant in a one calendar year exceeds $599 USD, then a form W-9 may be required to be completed prior to funds disbursement. Payments may not be transferred or substituted. Upon cancellation of the Referral Program, any unredeemed Referral Rewards will be forfeited. Failure to redeem the Reward (e.g., through Giftly or by cashing the check) within sixty (60) days of Credible sending the Reward may result in a forfeiture of the Reward, in Credible’s discretion.
Maximum Number of Referral Rewards