Credibly any good?

**LoanShark714** · 08-27-2015, 11:18 AM

Retail was a decent lender back then. Wondering if they stepped up their game up a notch or not.

**Michael I** · 08-27-2015, 12:53 PM

yes they did big time

**mcg168** · 08-27-2015, 02:09 PM

Originally Posted by Michael I

yes they did big time

Big time? Please explain how they stepped up their game big time? I still count them as a B-C lender and dont necessarily offer anything the 15 other companies offer.

**Michael I** · 08-27-2015, 04:16 PM

i am not saying they are the best company or what they offer better then the other 15 lenders . But they went from giving 6 months 1.37 to 14 months 1.37 at full commission . Hence why i say they stepped up big time from what they were . i am not jeannette promoting credibly , just giving credit to where its due .

**Michael I** · 08-27-2015, 07:21 PM

Sorry i take back my comment on them , they just screwed me . Live and learn

**FUNd** · 08-27-2015, 09:59 PM

Decent bank. Had more experiences with them killing deals at the funding stage than other lenders, but overall OK.

**SCCNY** · 12-30-2015, 11:08 AM

I gotta give them a shout out funded a few deals with them this week one of them a collections file.. They have great communication over there and will fund very quickly once you get all stips in. They are def a good lender to have in your portfolio.

**AndyYSCISOdept** · 12-30-2015, 11:14 AM

One of my favorite guys in the industry is working as a dept lead over there now and trust me if there is one person to take grievances seriously and fix the issue he is the guy. Please don't ask who he is on the thread, PM and I will give his name.

**CaptainCash** · 12-30-2015, 11:22 AM

I have seen them in a couple of deals recently with much longer positions now then they had in the past.

**bsmith** · 12-30-2015, 12:46 PM

Originally Posted by Michael I

Sorry i take back my comment on them , they just screwed me . Live and learn

How exactly did they screw you 3 hours after promoting them?

**Vfunding** · 12-30-2015, 02:51 PM

Credibly is a great company. They have (from my experience) begun transitioning into an A paper source. We have seen them offer very aggressive deals with solid pricing that is competitive if not stronger than CAN, On Deck, or the like. Their ISO Support team is knowledgeable and answers every single call. They do have very specific UW requirements that are unique to them so the key is getting to know their UW and submitting the right deals. Our experience has been mostly positive.

**J.Celifarco** · 12-30-2015, 03:01 PM

only recently been working with them but have to agree all positive so far, definitely a company worth having a relationship with

**Triton** · 12-30-2015, 03:38 PM

I got an $80k/14 month offer for a mechanic shop where every other lender maxed out at $40k.

I'd say they stepped up just a bit.

Originally Posted by mcg168

Big time? Please explain how they stepped up their game big time? I still count them as a B-C lender and dont necessarily
offer anything the 15 other companies offer.

**SCCNY** · 12-30-2015, 03:44 PM

Yea they are also good for industries that other A Paper places wont touch

**anydealfunded** · 12-30-2015, 03:55 PM

They are giving RIDICULOUS offers right now.

**fisheMS** · 12-30-2015, 04:18 PM

Credibly (and CAN) are out-competing Ondeck & Quarterspot for almost every deal we send. Highly recommend...

**CannonCap** · 12-31-2015, 02:01 AM

I work with them on a daily basis and they do a fantastic job. Offers have been solid, as well always great when you know they will reply very quickly and pick up the phone when needed....

**ThomasF** · 01-01-2016, 12:09 PM

If I'm correct they'll do 70/30 consolidations. Meaning the merchant nets 30.

**MCAVeteran** · 01-05-2016, 01:57 PM

They have a former CEO of advanceme/can running the ship. Sounds like they landed on something good

Thread Tools

Display