Reliable Credit personal loans review
Borrow as little as $1,000, but watch out for high rates.
finder.com’s rating: 4 / 5.0
- Best for residents of Washington, Oregon, Idaho and Arizona who don't have the best credit.
- Pick something else if you want good customer service.
17% to 30%
Anna Serio is a trusted loans expert who's published more than 800 articles on Finder to help Americans strengthen their financial literacy. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Today, digital publications like Fundera, Business.com, and ValueWalk feature her professional commentary, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020.
Reliable Credit is ideal for residents of Washington, Oregon, Idaho and Arizona who’ve struggled to qualify for a personal loan elsewhere. It doesn’t have any hard-and-fast credit requirements, meaning you might be able to qualify even if you don’t have a stellar credit score. You can also increase your chances of approval by applying with a coapplicant.
But if strong customer service is important to you, you’ll want to look elsewhere. Former customers complain of rude and incompetent representatives. And its rates are on the higher side compared to other lenders out there, though this isn’t uncommon since it works with borrowers of all credit types.
Not sure about Reliable Credit? Compare your other options below.
First, am I eligible?
To qualify for a personal loan with Reliable Credit, you must meet the following criteria at a minimum:
- Live in Washington, Oregon, Idaho or Arizona.
- Have 18 months of work experience — though it doesn’t need to be consecutive.
- No hard-and-fast credit requirements
- Joint applications accepted
- Can use funds for college expenses
- Potentially high rates
- Only available in four states
- $6 fee for making payments over the phone
- Poor customer reviews
Compare other personal loan providers
What do customers say about Reliable Credit?
|BBB customer reviews||1 out of 5 stars, based on 9 customer reviews|
|Customer reviews verified as of||24 December 2019|
The main pain point appears to be customer service. Several reviewers called the representatives they spoke with rude and described them as incompetent — with reps forgetting to make changes to customer accounts and not keeping records of conversations. Some also had trouble with the online payment system.
How do I apply?
- Go to Reliable Credit’s website and click Apply for a Loan on the right-side navigation bar.
- Complete the form with information about how much you want to borrow and your personal finances. If you’re applying with a coapplicant, have them fill out their section. Otherwise, skip it.
- Review your application before submitting it.
What information do I need to apply?
You won’t need to provide much information to complete your application:
- Social Security number
- Driver’s license number
Step-by-step instructions to apply with screenshots
What happens after I apply?
A Reliable Credit loan officer will get in touch with you with an offer or more questions. If approved, review and sign your loan documents online. You can also request to have your loan documents sent to you in the mail — which can take some time — or sign them in person at your local branch. Your loan funds should be disbursed within 24 to 48 hours.
How do repayments work with Reliable Credit?
Reliable Credit personal loans come with monthly repayments. You can make yours online, by mail, in person, by check, by cashier’s check or over the phone for a $6 fee. Keep an eye on your loan balance and personal bank account. If you notice anything off or think you’ll have trouble making a repayment, reach out to your local branch.
If you don’t live in one of the four states Reliable Credit services, check out our personal loans guide to compare other providers.
Frequently asked questions
Personal loan ratings
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We analyze top personal loan providers and rate them one to five stars based on factors that are most important to you. These factors include: rates and fees, customer reviews, loan amounts, loan processing and borrower experience.