Credy opinions and interests 2020

Credy is a fast credit manager

We will try to give you all the information you need to know before applying for a loan with Credy, opinions, advantages, how it works, do not leave any doubt .

Credy opinions, advantages and requirements

What is Credy?

Credy is a relatively young company, founded in 2013, but despite its youth, it has now expanded worldwide and now has a presence in 15 countries, including New Jersey, and has granted more than 600,000 loans . The concept is a little different from what we are used to, they act as an intermediary between investors who are willing to leave money, and users who are looking for a loan . But at the end of the day the goal is the same, to give short-term loans to your clients.

It is an online loan granting platform that allows you to obtain up to a maximum of 750 euros to be repaid within 30 days. The particularity of Credy is that it is not the company that grants the financing, but rather, as we have said before, acts as an intermediary between the companies that grant the loans and the individuals that request the loans. It should be made clear that Credy does not charge additional fees for this mediation service.

What company does Credy manage?

Credy a trademark of the company Traffic Control SA whose legal address is in Geneva, Switzerland. According to the information on its website, this portal has an acceptance radius of 94.85% and since it began its activities it has granted more than 528,000 credits that add up to a total amount of 285 million euros.

Opinions about Credy

Credy is trustworthy and safe, according to the comments of our users and other opinions of Credy that we have investigated online , we are talking about a company that seems to be trustworthy and that treats its customers in the best way.

In general, the Credy opinions that we have analyzed emphasize the speed with which the request is processed and how quickly they receive the money , usually in less than 30 minutes.

Credy is a loan portal that offers a higher credit amount than other similar sites. With Credy you can get a maximum of 750 euros when most of the portals have a maximum amount of 300 euros for new clients.

In addition, many clients highlight that they have obtained the first loan with Credy without interest or commissions. But it seems that they are clients with good creditworthiness and in whom the company trusts that they will be recurring, taking the benefit in successive loans.

Finally, the opinions of Credy users also frequently highlight the clarity of its web platform and the speed with which credit applications are processed.

How does it work and how to apply for loans at Credy?

The operation of the Credy website to request credits is very simple , in 3 simple steps:

  1. You select the amount you want to order and the term in which you want to return it.
  2. Below they provide you with a list of lenders that fit the search with their conditions and interests.
  3. You choose the one that best suits your needs and make the request.

As you can see, the operation is very simple, you can request quick and easy credit through its platform and in a few minutes . To confirm the data you provide, you are asked for a confirmation via SMS.

Finally, to verify all the data, you must attach or send through your client area, the scanned documents to prove your identity and that you are the owner of the bank account you provide. DNI, online banking, bank receipt.

In short, the operation of Credy is similar to that of other mini - credit companies, select the amount and term (up to 750 euros and 90 days), and fill out a simple form with your basic personal data, which must be digitally accredited with the relevant documents to Finalize.

Credy analyzes the companies with which it works and selects in a personalized way those that can grant you the money you request within the specified term, based on our data such as income, employment status, credit history.

It should be noted that although the process is similar, it is not Credy who grants the money , but with the information you provide, it compares in its database the offers of the different lenders those that best suit your personal conditions.

In this way you save yourself from entering dozens of web pages and filling out dozens of forms, with a single form your management goes through several companies so that you get the money as quickly as possible.

What interests and commissions do I pay with Credy?

This is a weak point of Credy, it does not provide detailed information on how much you are going to pay in interest or commissions , since being an intermediary, this will depend on the company with which you ultimately contract the loan.

You must be clear that the applicable interest rate and that more clearly defines what you are going to pay for a loan is the APR or Annual Equivalent Rate, which is an annual average of the expenses associated with a loan. Because Credy credits have a very short repayment term, the APR is high, since the shorter the repayment term, the higher the APR.

In any case, although it is not final information, since it depends on the company as we have said before, on their website they provide a detailed example of a 100 euro loan application .

Loan application simulation with Credy

This is the estimated example that we can see on your website:

  • Credit amount: 100 euros
  • Return period: 30 days
  • 28 euros in interest, commissions and fees
  • Total to return: 128 euros after 30 days
  • Applicable APR: 1915.5%

In any case, as Credy is a financial intermediary , there are times when the offers that they propose are from lenders who offer their first loan as a new client without interest or commissions.

Credy Requirements

In order for them to get you a credit through Credy you need to meet the following conditions:

  • Be over 19 years old
  • Have permanent residence in New Jersey
  • Being in possession of a working mobile phone
  • Be the holder of a bank account in New Jersey
  • Have a valid and updated DNI or NIE
  • Have stable and demonstrable monthly income

The income does not necessarily have to be from a work payroll, you can be self-employed, pensioner, or unemployed if you collect benefits. They can also be worth income received from rental properties that you own. In this way you can get credits without payroll even being in ASNEF with Credy

As we have suggested before, Credy accepts requests from clients who request credits and are in ASNEF or any other file of defaulters such as RAI or EQUIFAX . We recommend that you do not lie in the application and reports that you are in ASNEF, so that Credy can manage your application with companies that accept loans with Financial Credit Institutions.

Returns with Credy

As Credy is an intermediary company, it does not have specific return conditions. You do not return your credit money to Credy.

In any case, you will always be very clear to whom you are requesting the money and all the return conditions before contracting any credit with Credy.

In case of not being able to comply with the payments on the dates specified in the contract, it is recommended to contact the borrower who granted the loan as soon as possible. In many cases, an extension or a new payment plan can be processed at very low costs, or even without additional costs.

We can make extensions or extensions on the credit, the conditions of these will depend on the company that granted the money.

Advantages of Credy

  • You can get the first loan for free
  • You don't need paperwork
  • Speed
  • You can get credit with ASNEF
  • Intermediary

Disadvantages of Credy

  • They do not grant loans directly
  • Medium or long-term financing offers do not work
  • High interest
  • No offices
  • Commissions for delays and defaults

Credy contact information

Credy's customer service hours are not available on their website, but once you contract the credit, you have all the contact information of the company you are contracting with:

  • Phone: not available
  • Email:
  • Address: Traffic Control OÜ, Tornimäe 2, 10143 Tallinn, Estonia


You already know in depth how Credy works, we see that it is not a company that grants mini-loans, but that it is an intermediary.

It is in charge of looking for you the company that can grant you the money, saving time and headaches .

It is an effective way to carry out personal financing procedures, they do not charge you anything for the service, their benefit comes through the companies they work with if you contract the loan, at no additional cost to you.

Being an intermediary, once you select the company that you think provides the best offer, read all the conditions carefully before signing the contract.

Alternatives to Credy

The commission we receive from lenders, banks or brokers directly affects the listing - See more is a 100% free website in order to provide useful information to the user when choosing a loan. We compare loans and analyze them objectively. To enable our free services, we receive commissions from banks, lenders or brokers for each user that we redirect to them. The compensation ratio directly affects the order of the list of collaborators.

50 - € 1000 First up to300
Up to 90 days

From 0.00%
Our valuation
Accept ASNEF First credit without commissions
Online loan broker APR variable according to company
👌🏼 NEW
100 - 1000
Up to 92 days

From 0.00%
Up to 365.00%
Our valuation
Loans in ASNEF First credit without interest or commissions
If you take out a loan for an amount of 300 euro for 3 months with an interest rate of 4.5% per month, after the term of the loan, the overpayment will rise to 45 euro. That means that you will write off 345 euros. Below are agreed interest computations for subsequent computation by you of the loan amount (with interest) to be amortized by the average user of the microfinance service. Amount: 300 euro, monthly interest: 4.5%, loan term: 3 months. 4.5 (%) * 3 (month) = 13.5% for 3 months (13.5% * 300 euro (loan amount)) / 100% = 45 (amount of agreed interest) 300 + 45 = 345 euro - is the amount of money to be amortized within 3 months. In the event of non-observance of the deadlines, the fine will rise to 0.10% of the amount in arrears per day but no more than 10% of the loan amount. In the event of a long default, the information will be communicated to the Credit History Bureau. The extension of the loan will be possible in case of timely notification of the creditor (before the date of repayment of the loan) and payment of the interests for the initial term of the loan. There are no additional fees for extending the loan.
50 - € 3,500 First up to2,000
Up to 15 months

From 213.84%
Our valuation
Some cases accept ASNEF
See Welp Offer
Example online credit of 400 euros for 3 months. Odds of 82.54. APR 213.84%.
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