Student lending's newest entrant from SFO: Credible
Credible is the simple way for graduates to switch lenders and save on their student loans.
We make the process of saving money by refinancing student loans simple and painless.
With outstanding student debt now over $1 trillion in the U.S., it’s clear that college grads are struggling mightily to make payments and refinance their debt. Taking home the “Best 2.0 Company” Award at this week’s Launch Festival, Credible founder Stephen Dash said that, while racked with debt, the truth is that today many students could save a significant amount of money on their loan payments by switching lenders. Yet, the majority of them don’t because they don’t know how, or because the process of switching is so complicated and time-consuming. So, Credible has developed a platform that makes it easy for students to find out whether or not they’re eligible for lower interest rates and could benefit from switching lenders. The startup’s loan comparison tools enable students to understand their loan profile relative to their peers and get an indication of what similar borrowers are paying for private loans.