Yrefy review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Yrefy is a US direct lender built for a single purpose, refinancing private student loans and consolidating debt on a fixed rate. It suits borrowers with poor credit who want to clear private balances at a known cost, with rates of 0.1% to 5.99% and terms of 36 to 240.

Key facts

Best for
Refinancing private student debt when a fixed rate and no minimum credit score matter most.
APR
0.1% to 5.99% (Source, checked September 26, 2026)
Term
36 to 240 months (Source, checked September 26, 2026)
Arrangement fee
5% loan origination fee, assessed at the time of loan payoff on the total private education refinance (Source, checked September 26, 2026)
Credit check
Soft prequal (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Eligibility
No minimum credit score; US citizen or permanent resident; private student loans only; stable income, credit history and debt-to-income ratio considered; delinquent or defaulted borrowers accepted (Source, checked September 26, 2026)
Origination fee (%)
5% (Source, checked September 26, 2026)
Loan types
Student, Debt-consolidation (Source, checked September 26, 2026)
Credit needed
Poor (Source, checked September 26, 2026)
Legal entity
Yrefy, LLC (Source, checked September 26, 2026)
Headquarters
United States (Source, checked September 26, 2026)
Founded
2017 (Source, checked September 26, 2026)
Support channels
Email, Phone, Help-centre (Source, checked September 26, 2026)
Pricing model
Fixed rate
Official website
yrefy.com

Apps and profiles

Elsewhere
LinkedIn

Pros and cons

Pros

  • Checking a rate is a soft prequalification (soft prequal), so it does not sit on a credit file like a hard search
  • Fixed-rate borrowing only (fixed rate), so the repayment holds steady for the whole term
  • Free early repayment, so finishing the balance sooner costs nothing extra
  • Direct lender (direct lender), so the application and the loan sit with the same company

Cons

  • The origination fee of 5% is assessed on the total refinanced balance at the point the old private education loans are paid off
  • Credit cards and personal borrowing are not among its student and debt consolidation, so only private student balances can be cleared
  • The loan type that matters here is fixed rate, and a variable rate is not among its fixed rate
Yrefy

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Scored 9.0 / 10 by BorrowCue.

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Who it suits

  • Borrowers with poor credit (poor), including those already delinquent or defaulted on private student debt
  • US citizens and permanent residents with a stable income who want private student loans rolled into a single fixed repayment
  • People who want to see a rate first, since checking is a soft prequalification (soft prequal) rather than a hard credit search

Who should look elsewhere

  • Not for federal student loan refinancing, because the loan types are student and debt consolidation and private student debt is the only eligible balance
  • Not for readers comparing Spanish lenders such as Creduma ES, which charges no upfront commission and no initial payments, a different structure from a fee taken at payoff
  • Not for a variable rate or a credit line, since the model on offer is fixed only (fixed rate)

Safety and regulation

Yrefy lends in its own right, with its lender type listed as direct lender, so there is no broker or marketplace between you and the funder. It is registered in the US with the NMLS, licence 2542605, and it also registers under the Oregon Consumer Finance Act with the Oregon Department of Consumer and Business Services.

Who runs it

The lender is Yrefy, LLC, headquartered in the United States and founded in 2017, with a single focus on private education refinancing. Direct lending means the same company reviews the application and holds the loan. Support runs on email, phone and help centre, so phone and email sit alongside a help centre, and its NMLS licence reads 2542605.

How Yrefy compares

Where Yrefy is available

Available
United States
Licence in United States
NMLS (National Multistate Licensing System) (2542605), checked September 26, 2026
Licence in United States
Oregon Consumer Finance Act (Oregon Department of Consumer and Business Services), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate will I pay on a Yrefy refinance?+

Advertised rates run 0.1% to 5.99% and every loan is fixed (fixed), so the rate offered will not drift across the term. Where you sit in that range depends on your own file, and a soft prequalification (soft prequal) shows a figure before you commit to a full application.

What does a Yrefy refinance cost beyond the interest?+

There is an origination fee of 5% on the total amount being refinanced, and it is assessed when the old private education loans are paid off. Early repayment carries no charge, so settling the new balance sooner adds nothing to the price.

Can I apply with bad credit?+

Yes. No minimum credit score is set, and delinquent or defaulted borrowers are accepted, with poor credit (poor) the expected profile. Income, credit history and debt-to-income ratio are still weighed, and you must be a US citizen or permanent resident holding private student loans.

What is the difference between prequalification and a full credit check at Yrefy?+

Checking for a rate is a soft prequalification (soft prequal), which does not count against your credit file the way a hard search does. A full application adds the underwriting detail on income, credit history and debt-to-income ratio that the eligibility rules call for.

How long can a Yrefy loan run?+

Terms run 36 to 240, wide enough to shorten the loan and raise the monthly payment or stretch it to bring the payment down. The rate stays fixed (fixed) for whichever term is agreed, and free early repayment means finishing ahead of schedule costs nothing.

Is Yrefy regulated?+

Yes. Yrefy is registered with the NMLS in the US under licence 2542605, and it also registers under the Oregon Consumer Finance Act with the Oregon Department of Consumer and Business Services. As a direct lender (direct lender) it funds the loan rather than passing you to a third party.

Which debts can Yrefy refinance?+

Only private student loans qualify, alongside the debt consolidation option listed under student and debt consolidation. Federal student loans sit outside the product, so anyone hoping to refinance public debt or other personal borrowing needs a different lender.

Sources

  • yrefy.com checked September 26, 2026

    Backs: Headquarters, Support channels

    “6910 E Chauncey Ln #210 Phoenix, AZ 85054”

  • yrefy.com checked September 26, 2026

    Backs: Licences

  • yrefy.com/about checked September 26, 2026

    Backs: Founded

    “Yrefy was established in 2017 by a student loan industry professional”

  • yrefy.com/resources/faq checked September 26, 2026

    Backs: Credit check, Free early repayment, Legal entity, Lender type, Pricing model, Arrangement fee, Origination fee (%), Term

    “A soft credit check is done for prequalification, which does not hurt your score, but a hard credit check is required for final application”

  • yrefy.com/student-loan-refinance checked September 26, 2026

    Backs: APR, Credit needed, Eligibility, Loan types, Rate type

    “0.1-5.99% APR Fixed Interest Rates for Student Loan Refinancing”

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Loan amount, Funding time, Representative example.

Yrefy

Yrefy

Refinancing private student debt when a fixed rate and no minimum credit score matter most.

9.0/10See alternatives

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