Netcredit Personal Line of Credit Review

Where does Netcredit Personal Line of Credit do business?

Netcredit Personal Line of Credit is a direct lender based in Chicago, IL. that was founded in 2009. Netcredit Personal Line of Credit is offered in 3 state s across the USA.

What are the APRs offered via Netcredit Personal Line of Credit?

This is a fee-based loan. This means borrowers pay a percentage of the loan balance as a fixed-fee instead of an ongoing APR. Netcredit Personal Line of Credit offers personal loans of credit with a finance charge .

Does Netcredit Personal Line of Credit charge an origination fee?

No, Netcredit Personal Line of Credit does not charge an origination fee.

An origination fee is what some lenders charge for processing, underwriting, and funding a line of credit. These fees can range from 0.5% to 5% of the line of credit amount. Whenever possible, go with lenders that don’t charge origination fees.

Does Netcredit Personal Line of Credit charge a cash advance fee?

Yes, Netcredit Personal Line of Credit may charge a fee of 10% of the amount of each cash advance.

Does Netcredit Personal Line of Credit charge a late fee?

Yes, Netcredit Personal Line of Credit may charge borrowers a late payment fee.

Does Netcredit Personal Line of Credit charge prepayment fees?

No, Netcredit Personal Line of Credit does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the line of credit off and close the account.

How much can you borrow via Netcredit Personal Line of Credit?

Upon approval and based on your credit worthiness, your Netcredit Personal Line of Credit personal line of credit will be assigned a credit line of at least $1,100 and as much as $3,500. .

Netcredit Personal Line of Credit Fees

Cash Advance Fee	10%
Origination Fee	N/A
Prepayment Fee?	No
Late Payment Fee	N/A

What do you need to qualify for a line of credit with Netcredit Personal Line of Credit?

Netcredit Personal Line of Credit doesn’t disclose its credit score minimum. The minimum age to apply for a line of credit is 18 or the state minimum, whichever is higher.

Netcredit Personal Line of Credit only considers borrowers who are employed, or have a regular source of income or benefits Active duty servicemembers and their covered dependents are not considered covered borrowers under the Military Lending Act (32 C.F.R. § 232). This means they cannot apply for a line of credit via Netcredit Personal Line of Credit. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.

Only U.S. citizens and permanent residents can apply for a line of credit.

To qualify, applicants may need to provide the following documentation:

• Applicants must have an active and valid checking account
• Proof of citizenship or residence permit

What is the estimated funding time for a personal line of credit via Netcredit Personal Line of Credit?

Netcredit Personal Line of Credit will typically provide a credit approval decision in less than an hour and fund the line of credit within 3 business day s .

Does Netcredit Personal Line of Credit report your account activity to credit bureaus?

Netcredit Personal Line of Credit does not report to any of the credit bureaus. Card issuers are not required to report to the credit bureaus. However, making regular payments to a lender that reports to one or more credit bureaus may help you improve your credit score.

Making regular and on-time payments on a credit card that reports your account activity to credit bureaus will demonstrate that you consistently manage debt well and can help increase your credit scores.

How to apply for Netcredit Personal Line of Credit

• Visit the Enova International website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
• Check the information is accurate and submit your application.