Personal Loans » Compare Loans » Credible vs LendingTree: Which Personal Loan Marketplace Wins?
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Credible vs LendingTree: Which Personal Loan Marketplace Wins?

LendingTree is a good choice for people who have lower credit scores and if you are looking for a massive range of different lenders. Credible has more of a focused offering and offers you access to massive loans if needed.
Author: Andrew O'Malley
Andrew O'Malley

Writer, Contributor

Experience

Andrew O’Malley has a BSc in Economics and Finance. He has worked in the finance industry as a risk analyst and is now pursuing a career in writing. In recent years, he has written for a number of leading publications. He studied Economics and Finance and has been fascinated with the financial markets since his teens.
Interest Rates Last Update: April 15, 2024
The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.
Author: Andrew O'Malley
Andrew O'Malley

Writer, Contributor

Experience

Andrew O’Malley has a BSc in Economics and Finance. He has worked in the finance industry as a risk analyst and is now pursuing a career in writing. In recent years, he has written for a number of leading publications. He studied Economics and Finance and has been fascinated with the financial markets since his teens.
Interest Rates Last Update: April 15, 2024

The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.

You can trust the integrity of our unbiased, independent editorial staff. We may, however, receive compensation from the issuers of some products mentioned in this article. Transparency is a core value for us, see how we make money.

In this Comparison

There are many different personal loan marketplaces available to people in the United States. This review will look at two of the most popular options – LendingTree and Credible.

LendingTree
Credible
APR
As low as 3.99% APR
7.49% – 35.99%
Terms
12-84 months
12-84 months
Range
$1,000 – $100,000
$600 – $200,000
Minimum Score
580
Varies based on lender

When to Consider LendingTree?

LendingTree first started in this sector back in 1996 and has dealt with millions of people since then. It provides you with access to a great range of loan options.

LendingTree can be a better option if you:

  • Looking for a small loan

  • Don’t have the best credit score

  • Looking to pre-qualify with a soft credit check

lendingtree logo
lendingtree logo

When Credible Shines?

Credible is a lending marketplace that aims to help its borrowers to make better decisions when borrowing. It offers a lot of transparency when it comes to its personal loan offering. It currently has 15 personal loan lenders in its marketplace.

Credible can be a better option if:

  • You need a big loan

  • Want access to a top-quality customer support team

  • You are seeking full transparency

credible logo
credible logo

Application Process

LendingTree ensures that its application process is very efficient. It offers loans of between $1,000 and $50,000 to people who have a credit score of 600 or more. With Credible, the loan size range starts at $1,000 and goes up to $200,000. The minimum credit score will change depending on the given lender.

In order to get a personal loan from LendingTree or Credible, you need to be 18 years old at the very least, as well as being a US citizen, or visa holder, or resident.

LendingTree - Pros & Cons

You can get access to small loans or relatively big loans when you are using LendingTree.

When using LendingTree, you can get pre-qualified for a loan while just complying with a soft credit check.

LendingTree will accept applications from people who have a credit score of 600 or greater.

There will very often be an origination fee in place that you have to pay when getting a personal loan through LendingTree.

Credible - Pros & Cons

Credible offers you a loan of just $1,000 and a loan as big as $200,000.

Credible has one of the best customer support teams around today, making sure that you have absolutely no issues at all.

You can quickly get personalized prequalified rates from various lenders without having to submit a hard credit check.

There is a smaller range of Credible lenders than what you will find with many other marketplaces.

Customer Experience

LendingTree
Credible
iOS App Score
4.8
N/A
Android App Score
4.7
N/A
BBB Rating
A+
A+
Contact Options
phone/mail
phone/mail
Availability
8 am – 9 pm (EST)
6 am – 6 pm (PT)

LendingTree provides you with a lot of information about personal loans and other types of finance-related knowledge. The support team is known for its high-quality responses and is reachable seven days per week. There is an A+ designation for LendingTree from the Better Business Bureau. Currently, there is no LendingTree mobile app on offer.

Credible has one of the best customer support teams around today, providing support seven days per week. You know you will get quality responses if you ever have an issue or query relating to personal loans. The Better Business Bureau rating for Credible is A+.

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Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
Top Offers From Our Partners

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Rewards Plan:
1X – 4X 4X points at restaurants (including Uber Eats purchases in the U.S.) and U.S. supermarkets (up to $25,000 per year in purchases, then 1X points), 3X points on flights booked directly with airlines or on amextravel.com, 2X points on rental cars through amextravel.com and 1X points on all other purchases
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60,000 points 60,000 Membership Rewards® Points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership

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Welcome Bonus:
100,000 points 100,000 Hilton Honors Bonus Points after you spend $2,000 in purchases on the Card in the first 6 months of Card Membership

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Rewards Plan:
2x – 6x 6X points on purchases at hotels participating in Marriott Bonvoy, 4X points at restaurants worldwide (including takeout and delivery in the U.S.) and U.S. supermarkets (up to $15,000 in combined purchases per year, then 2X points), 2X points on all other purchases
Welcome Bonus:
155,000 points 155,000 Marriott Bonvoy bonus points after you use your new Card to make $5,000 in purchases within the first 6 months of Card Membership
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

Which Personal Loan is The Winner?

Both of these lending marketplaces have a lot going for them, LendingTree is a good choice for people who have lower credit scores and if you are looking for a massive range of different lenders.

Credible has more of a focused offering and offers you access to massive loans if needed.

credible logo

lendingtree logo
Monevo logo svg
APR Range The annual percentage rate (APR) is the total annual cost of borrowing money. This rate includes the interest rate as well as any additional finance charges. When you take out a personal loan, for example, you may be required to pay loan origination fees.
7.49% – 35.99%
As low as 3.99% APR
2.49% – 35.99% APR
Term The term of your loan is the amount of time you have to repay it. For example, if you get a 24 months personal loan, the loan term is 24 months.
12-84 months
12-84 months
3 – 144 months
Loan Amount
$600 – $200,000
$1,000 – $100,000
$500 – $100,000
Compare
on Credible's website
Compare
on LendingTree's website
Compare
on Monevo's website

FAQs

This is unlikely since Credible is simply connecting you with lenders who have loan deals that match your financial profile.

It may be possible to negotiate a settlement figure once you have your loan and decide that you want to repay it, but this will depend on the specific lender that you go with. Some lenders are more open to negotiations compared to others.

This will depend entirely on the lender that you go with. Credible will present you with up to 12 loan deals when you submit your inquiry. So, if there is a possibility that you may want to repay your loan early, be sure to check the terms and conditions of each deal to ensure that there are no unreasonable prepayment penalties.

The LendingTree loans will be tailored to your financial circumstances, so you will only see loan deals that are suitable for those with fair credit.

This means that having a 600 credit score should not be a barrier to securing a loan. However, with a fair credit score, you are unlikely to obtain the low rates that are available to those with good or excellent credit.

Yes, you can compare rates and prequalify for loans with a basic online form. This will allow LendingTree to assess your credit profile and match you with appropriate lenders. However, this process is accomplished with a soft credit check that will not impact your credit score. LendingTree will only initiate a hard credit search if you decide to proceed with a specific loan deal.

More Lender Reviews

Compare Alternative Lenders

Each of these online lenders has many similarities as well as some significant differences. LendingTree is a good option if you want a flexible repayment plan, whereas SoFi is geared toward people with good credit who need a large loan. Finally, Upstart works with people who may not have the best credit and provides very quick access to borrowed funds.

Read Full Comparison: LendingTree Vs Upstart Vs SoFi: Where to Shop For a Personal Loan?

Each of these lending marketplaces has a proven track record in the industry. They all deal with people with lower credit scores and provide a wide range of loan sizes.

Fiona stands out for having the most user-friendly offering, as well as providing a wide range of financial services. Monevo and LendingTree, in particular, will be good choices for people with bad credit.

Read Full Comparison: Monevo Vs Fiona Vs LendingTree: Where to Shop For a Personal Loan?

Andrew O'Malley

Andrew O'Malley

Andrew O’Malley has a BSc in Economics and Finance. He has worked in the finance industry as a risk analyst and is now pursuing a career in writing. In recent years, he has written for a number of leading publications. He studied Economics and Finance and has been fascinated with the financial markets since his teens.
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