Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, whom we will always identify, all opinions are our own. Credible Operations, Inc. NMLS # 1681276, is referred to here as "Credible."
Comparison sites like Kayak, Orbitz, and Expedia have revolutionized the travel industry, allowing consumers to instantly evaluate their options with multiple airlines, hotels, and car rental agencies
But if you want to compare your options with different lenders before taking out a mortgage, personal loan, or student loan, most comparison sites don’t meet the same standard.
What you need to know about loan comparison sites
When you shop for flights, you wouldn’t want to go to a comparison site that tells you your nonstop flight from San Francisco to Chicago will cost somewhere between $249 and $680 — and that’s not very helpful.
You also wouldn’t want to use that site if they told you it was $249, but it turned out the flight was sold out.
Many people don’t realize it, but that’s what happens when consumers go to many of the loan comparison sites which are really “lead generation” sites; that means they’re actually just providing you publicly available rate ranges and selling your data to lenders.
Consumers who are shopping for loans expect and deserve:
- The ability to quickly compare personalized, prequalified rates, not rate ranges or ballpark estimates
- Not to be treated as “leads” to be handed off or sold to lenders — unless you ask us to
- Tools that allow them to compare the features and costs of real options available to them
Credible is different. We fulfill these consumer expectations — here’s how.
4 primary differences between Credible and other comparison sites
| Consumer expectation | ||
|---|---|---|
| See actual prequalified rates Learn More |  |  |
Credible derives rates from lenders’ actual underwriting models, other sites display generic rate tables that only offer rate ranges and/or marketed rates. It takes less than 3 minutes to see your prequalified rates on Credible.com. |
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| View all their personalized prequalified rates without affecting their credit score Learn More | | |
On Credible.com, consumers see all the rates for which they prequalify. These rates are based on the information they provide and a soft credit pull (which doesn’t impact their credit). With other sites, they either see non-personalized rates or must apply individually to each lender which could impact their credit. |
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| Remain in control of which lenders receive their data Learn More | | |
Credible users won’t be contacted by lenders without permission. With other sites, consumer data is sent or sold to multiple lenders, often resulting in unexpected and unwanted phone calls and texts from these lenders. |
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| Easily compare prequalified loan options with ability to sort according to their financial goals Learn More | | |
The Credible dashboard allows consumers to see important loan details, including monthly payment and total repayment costs, and sort as they prefer. Using other sites, consumers must gather information from each lender and perform their own comparison. |
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About Credible
Credible is a multi-lender marketplace that empowers consumers to discover financial products that are the best fit for their unique circumstances. Our integrations with leading lenders and credit bureaus allow consumers to quickly compare accurate, prequalified loan options ― without affecting their credit score. The Credible marketplace provides an unrivaled customer experience, as reflected by over 6,610 Trustpilot reviews and a TrustScore of 4.7/5.
Prequalified rates are based on the information you provide and a soft credit inquiry. Receiving prequalified rates does not guarantee that the Lender will extend you an offer of credit. You are not yet approved for a loan or a specific rate. All credit decisions, including loan approval, if any, are determined by Lenders, in their sole discretion. Lenders will conduct a hard credit pull when you submit your application. Hard credit pulls will have an impact on your credit score. Lowest rate advertised is not available for all loan sizes, types, or purposes, and assumes a very well qualified borrower with an excellent credit profile.
