Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders, all opinions are our own.
Credible is connected to all three of the major national credit bureaus that most lenders rely on, allowing us to to provide you with personalized rate quotes from multiple, vetted lenders — without doing a “hard” credit inquiry that can affect your credit score.
For borrowers using Credible, getting personalized rate quotes is simple. By taking two minutes to fill out our prequalification form and, with the click of a mouse, you’ll instantly see the lenders and rates that you prequalify for. We call this “OneClickSwitch”. But in order for us to get you those free rate quotes, there’s a lot going on behind the scenes.
Other sites that claim to help you “compare” rates just show you a table that displays the range of rates offered by several lenders. Typically, you’ll have to go to each of those lenders’ websites and provide your personal information. Only then will you see the actual rate you might qualify for if you’re approved, making this a long and tedious process.
How Credible works
Here’s how the Credible process works. When you request rate quotes, our relationships with credit bureaus and lenders means you don’t have to fill out a mile-long form.
You provide us with some basic information — your name, date of birth, where you went to school, how much you earn, how much you want to borrow or refinance, and your monthly housing costs — and permission to obtain additional information about you from the credit bureaus.
We take the relevant facts about you, including your FICO score, and run them through filters that are based on the criteria that each lender provides to us.
We then use your FICO score and lender criteria to generate the rates that they’re lenders are likely to offer you.
Credible simplifies the process of finding the best rate from our vetted partner lenders, indicative of our commitment to delivering fair and unbiased solutions in lending.
To make it easy for you to access the best rate available, Credible’s OneClickSwitch technology allows you to be matched with, review and compare lender products and then switch to your chosen lender with just a click of a button. OneClickSwitch allows you to be linked straight to the lender to complete your loan process.
By registering an account on the Credible platform, you can join our online community of users to review information about loan options. Credible and our OneClickSwitch technology also lets you provide feedback on the loan process, so that you can share your Credible experience and encourage others to save on their loans.
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