SAN FRANCISCO--(BUSINESS WIRE)--Following its $10 million Series A financing in September, Credible (credible.com), the multi-lender marketplace, today announced its expansion into personal loans. Credible’s marketplace for personal loans will include several of the leading online lending companies including Lending Club, Prosper, Avant, Upstart and Pave.
“We’re listening to our community of borrowers and responding by extending our multi-lender marketplace to include personal loans,” said Stephen Dash, CEO and Founder of Credible. “We’re proud to be partnered with a number of the leading online lending companies, and look forward to broadening the borrower-friendly experience that we’re known for in the student loan market.”
Simplicity of process, transparency, and borrower choice are fundamental elements to what makes the Credible offering unique. Through the personal loans marketplace, borrowers will be able to receive instant, pre-qualified offers from multiple online lenders after a soft credit inquiry (which won’t impact their credit score), and then compare the details of multiple offers on a single dashboard. Importantly, Credible puts the borrower in control of their personal contact information.
“We’re excited to be among the first companies to join Credible’s personal loans marketplace,” said Itzik Cohen, Chief Business Officer at Prosper Marketplace. “Prosper gives consumers access to fixed-term, fixed rate personal loans that can be used for everything from refinancing high-interest credit card debt, to funding a large purchase to paying for medical expenses. The Credible personal loans marketplace will help us educate more people how a loan through Prosper can help them take control of their finances and improve their lives.”
Credible’s founding principle is to provide borrowers the level of transparency they deserve.
As a multi-lender marketplace that allows borrowers to receive competitive loan offers from its vetted partners, Credible empowers consumers to take control of their financial futures. Borrowers can fill out one form, then receive and compare numerous personalized offers and choose which best serves their individual needs.
Credible is fiercely independent, committed to delivering fair and unbiased solutions in online lending.
