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Reliable Credit personal loans review

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Borrow as little as $1,000 with competitive rates ranging from 17% to 30% .

Reliable Credit is a personal loans provider that offers financing to all credit types — as long as you live in Oregon, Washington, Idaho or Arizona. And while its rates are generally competitive, you may need to put up collateral to qualify.

17% to 30%



Product NameReliable Credit personal loans
Min. Loan Amount$1,000
APR17% to 30%
Interest Rate TypeFixed
Minimum Loan Term4 years
Maximum Loan Term6 years

First, do I qualify?

To be eligible for a personal loan with Reliable Credit, you must:

  • Live in Washington, Oregon, Idaho or Arizona.
  • Have 18 months of work experience — though it doesn’t need to be consecutive.

What makes Reliable Credit unique?

Reliable Credit offers relatively fast personal loans to borrowers who might have trouble qualifying for traditional financing. It doesn’t have any specific credit or income minimums and has minimal requirements for qualifying for a loan in general. Plus, if you have trouble meeting those requirements, you can apply with an eligible coapplicant.

If you’re not totally comfortable dealing with loans online — or crave that personal touch — Reliable Credit might be what you’re looking for. It lets you apply for and repay your loan in person or over the phone. But it’s not for people who’d prefer to avoid the phone. Even if you apply online, a loan officer will reach out to you to discuss your loan options.

What is a Reliable Credit personal loan?

Reliable Credit is a direct lender that offers both secured and unsecured personal loans that can be used for nearly any legitimate purpose, including buying a car, home improvements, covering medical bills and even education expenses.

Loan amounts start at $1,000. And while it doesn’t necessarily require collateral, Reliable Credit often requires borrows to put up security in the form of a car, motorcycle or other personal asset.

Its rates range from 17% to 30% , which includes a $200 origination fee. This is relatively competitive for a lender that specializes in low-credit financing. You’ll have between 4 to 6 years to pay off your loan, although the exact term you’re offered will depend on the amount you borrow and your financial situation.

What are the benefits of a Reliable Credit personal loan?

  • Good credit not necessary. In fact, these personal loans are designed with low-credit borrowers in mind. However, this does mean your loan can be on the expensive end — interest rates near the legal max aren’t uncommon.
  • Allows joint applications. Reliable Credit is one of the few personal loan providers that lets you apply with a coapplicant to qualify for lower rates or help you meet its eligibility requirements.
  • No prepayment penalty. You can save on interest, which accumulates daily, by paying off your loan early.
  • Can pay for education. Reliable Credit is one of a handful of personal loan providers you can use to cover education costs.

What to watch out for

  • Potentially high rates. While Reliable Credit’s rates might be competitive for those with poor credit, these loans still aren’t cheap.
  • Only available in four states. You must live in Oregon, Washington, Idaho or Arizona to qualify for a loan. Otherwise, consider your other options.
  • No main customer service line. You’ll have to reach out to your local branch to get answers to your questions or concerns.
  • Poor customer reviews. The majority of Reliable Credit’s online reviews are negative — especially when it comes to customer service.

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What do borrowers say about Reliable Credit?

Unfortunately, most customers aren’t pleased with their Reliable Credit experience. While it gets an A+ rating from the Better Business Bureau (BBB), which it’s been accredited with since 1959, this rating reflects its business practices like advertising and transparency — not customer reviews. As of July 2018, over two-thirds of its 10 customer reviews are negative, and 22 customers have filed complaints against the lender.

Reliable Credit doesn’t have any reviews yet on its Trustpilot page, but it does have some reviews on Yelp — common for an alternative lender. Yelp reviewers give it a low 1.5 stars. 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?

First, confirm you’re eligible. Reliable Credit only has two hard eligibility requirements: You must live in Oregon, Washington, Idaho or Arizona and you need to have 18 months of work experience — though it doesn’t need to be consecutive. Although this provider doesn’t have a minimum credit score requirement, borrowers with higher credit scores and income typically qualify for more competitive rates.

You can start your application online, over the phone or in person at a local branch.

Steps to apply online

  1. Go to Reliable Credit’s site and scroll down to the right-hand navigation bar that says ‘How can we help you?’ Click ‘Apply for a Loan’.
  2. Follow the directions to 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.
  3. Review your application before submitting.
  4. Wait for a Reliable Credit loan officer to get in touch with you with an offer or more questions. They might also ask for documentation at this point.
  5. Review and sign your loan documents either online or by hand. You can 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.
  6. Wait for your funds to be dispersed.

The whole process typically takes between 24 and 48 hours.

Step-by-step instructions to apply with screenshots

I got a Reliable Credit personal loan. Now what?

Reliable Credit personal loans come with monthly repayments, which you can make several different ways. Signing up for automatic repayments is the easiest — you don’t have to remember to make them each month. But you can also choose to pay by mail, in-person with a check or money order or even over the phone. Phone repayments come with a $6 charge, however.

Keep an eye on your loan balance and your personal bank account. If you notice anything off or think you’ll have trouble making a repayment, reach out to your local branch.

Bottom line

A Reliable Credit personal loan could be a solid option for anyone who’s had trouble qualifying for a traditional bank loan. Its rates might be relatively high, but its loan amounts start low enough to compete with short-term loans, which can be much more expensive.

If you don’t live in one of the four states where it operates, however, you’ll need to explore other options. You can start by visiting our personal loans guide to compare providers and find out more about how personal loans work.

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