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Credible

Peer to Peer Lending
·Dec. 9, 2015

Credible Expands from Student Loans, Now Offers Personal Loans

Credible, who describes itself as a multi-lender marketplace will now offer personal loans on their website. They will offer borrowers...
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News RoundupOnline LendingUSA
·Nov. 7, 2016

Lend Academy Podcast: Stephen Dash of Credible

Credible serves as a multi-lender marketplace, primarily for student loan borrowers; Lend Academy interviews Stephen Dash, Credible's CEO in their podcast; Credible has had great success in the market, beginning in 2012 when Stephen Dash moved to the US from Australia; through partnerships with a broad range of lenders, the company provides detailed, customized lending options; in the past year the company has expanded to personal loans and also partnered with Sallie Mae; given the current market environment Stephen Dash says the business will continue focusing primarily on its student loan customers for the near-term with a longer-term continued focus on customer experience and new loan categories.  Source

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News RoundupOnline LendingUSA
·Dec. 9, 2016

Credible Partners with NHHELCO

Credible has announced a new partnership with New Hampshire Higher Education Loan Corporation (NHHELCO); company is a multi-lender focused on loans and refinancing for higher education; the new partnership will add another student loan refinancing option to the site; with the addition of NHHELCO the platform now has seven refinancing lenders; NHHELCO will offer its EDvestinU Consolidation Loan product which allows for consolidation of federal and private loans with a fixed or variable-rate refinancing loan that includes repayment terms ranging from 5 to 20 years; the EDvestinU Consolidation Loan product offers variable-rate loans with interest rates from 2.47% to 6.07% APR and fixed-rate loans with interest rates from 3.94% to 7.54% APR.  Source

 

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News RoundupOnline LendingUSA
·Apr. 10, 2017

Millennial Focused Consumer Lending & Lifetime Customer Retention

Understanding the millennial customer is a key for most lenders in the market today and Stephen Dash of Credible explains how his firm handles this challenge during his fireside chat at LendIt USA 2017 with Dakin Campbell of Bloomberg; identifying who the millennial is and how they consume information will help you to tailor your products to this group; 25% of consumers today fall into the millennial category and Credible believes a strong, focused product set will help them to service this generation efficiently; before looking to sell other types of services you must first build a relationship with them, trust can be eroded in an instant; ensuring a compelling value proposition is the key and fully understanding what the customer needs will help you to hold that customer over the lifetime; ultimately customers are co-owned and you can help to make sure your relationship lasts by showing a loyal and durable product set.  Source

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Peer to Peer Lending
·Aug. 1, 2017

Credible Adds Ron Suber as Executive Vice Chairman

It was only a month ago when we broke the news that Ron Suber was stepping down as Prosper’s President...
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Blog
·Mar. 30, 2016

Credible’s multi-lender platform: The next generation of online lending

[Editor’s note: This is a guest post from Stephen Dash, Founder and CEO of Credible, the multi-lender marketplace. Stephen was...
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News RoundupOnline LendingUSA
·Nov. 10, 2016

Credible Announces Partnership with MEFA

Credible is a multi-lender focused on student loans; company announced the addition of the Massachusetts Educational Financing Authority (MEFA) to its platform which now includes six refinancing lenders; MEFA will provide student loan refinancing through its MEFA Education Refinancing Loan; the MEFA Education Refinancing Loan is available in all 50 states, has a minimum of $10,000 and includes both fixed and variable interest rate options with the majority of rates ranging from 3.31% to 6.85%.  Source

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News RoundupOnline LendingUSA
·Jan. 19, 2017

Credible Has Raised $10mn for Its Online Lending Business

Credible is one of the success stories in online lending today. The leading online exchange for student loans has just closed their $10 million Series B funding round that we have been told was "a significant up round." Australian fund manager Regal Funds Management led the round that also included Prosper President Ron Suber. Credible doesn't lend money itself. Instead, it has deep integrations with many of their lending partners (such as CommonBond and College Ave) allowing borrowers not only to compare interest rates but to only see those rates with a high likelihood of approval.  Source

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Peer to Peer Lending
·Apr. 11, 2017

All is Not Well in the World of Student Loans

Last week the New York Federal Reserve President, William Dudley, gave a briefing on household debt with a particular focus...
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News RoundupOnline LendingUSA
·Aug. 1, 2017

Lend Academy Article: Credible Adds Ron Suber as Executive Vice Chairman

Ron Suber has been involved with Credible since 2015, investing in both the Series A and Series B rounds as well as acting in an advisory role; Suber will now spend about one day per week helping Credible in a broad range of activities from fundraising to helping the team as the company grows; Credible CEO Stephen Dash noted that despite headwinds many other industry participants faced, Credible continues to grow; Ron Suber will play a role in navigating the growth they expect going forward; the company also announced a pilot for a credit card marketplace which launched today. Source

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