We want this to be a “win-win” situation. So we only want to get paid if we bring you value in the form of finding a personal finance option that works for you. Not by selling your data. The way we earn money depends a bit on the product that you use, so here’s a breakdown below of how that works on Credible.
Student loans, Student loan Refinance: Credible receives compensation by the lender if you finish the loan process and a loan is disbursed. The amount of our compensation does not impact how and where lenders appear on our site, and Credible charges you no fees of any sort.
Personal loans: Credible receives compensation by the lender if you finish the loan process and a loan is disbursed. The amount of our compensation does not impact how and where lenders appear on our site, and Credible charges you no fees of any sort. Some lenders may take traffic sources into account when offering credit terms.
Mortgage (purchase and refinance): We are a wholesale broker, meaning we have access to rates our mortgage lenders offer solely to brokers they work with. Generally, our lenders pay us and incorporate the cost of our services as part of the final interest rate on your loan, or in your loan amount. This is common practice in mortgage transactions where you choose for the lender to pay your broker’s fee upfront. If you would prefer to minimize your rate, you may opt to buy "points" to decrease your rate, or pay our broker compensation yourself. Please talk to one of our licensed loan officers to explore your options.
Credit Cards: The credit card issuer when a Credible user applies for a credit card and is approved.
Are there lender fees?
Our student loan and student loan refinancing lenders charge no origination, prepayment, or service fees. Some personal loan lenders charge origination fees, which will be clearly displayed on your Credible dashboard if you receive rates. All of our mortgage lenders charge fees for their services and third party services, and require you to obtain third party services to close a mortgage loan that will cost you money (either at closing, or rolled into the cost of your loan).