Pros
$200 guarantee: Credible will pay you $200 if you find and close a better personal loan rate within 10 days of prequalifying on their platform with the same information
Rapid rate comparison: The streamlined application process lets you compare personalized offers from over 20 lenders without affecting your credit score through a soft credit inquiry
Soft credit pull for prequalification: Bankrate’s platform allows users to check their loan eligibility and potential rates through a soft credit pull
Cons
Few government options: Credible's mortgage marketplace has fewer options for FHA, USDA, and other government-backed loan programs compared to conventional mortgage options
Data sharing concerns: Credible collects and shares your data with marketing partners
Limited direct customer support: As Bankrate is not a direct lender, users may face difficulties in reaching customer service for loan-specific issues