Features

NetCredit is an online lender based in Chicago that was established in 2012. It is a subsidiary of Enova Financial, which is Cash America's internet division. Cash America is one of the largest pawnshop chains in the country with over 1,000 branch locations.

How Does NetCredit Work?

NetCredit offers unsecured personal loans to borrowers with poor to fair credit. The entire process is done online. Although NetCredit provides a range of interest rates, you will only know your rate once your application has been assessed.

Borrowers are divided into three tiers: gold, silver and bronze, based on their credit history, employment history and loan repayment history. For instance, in California, a borrower in the gold tier may qualify for a 35% APR; one in the silver tier could qualify for 85% APR; and a Bronze tier borrower may be offered a 150% APR.

What Are NetCredit's Interest Rates?

Interest rates vary widely depending on credit and the lending laws of the state you live in. For example, in Georgia, interest rates vary from 35% to 59%. In Wisconsin, on the other hand, they range from 35% to 150%.

How Much Money Can I Borrow from NetCredit?

How much you can borrow will depend on your credit and income. Loan amounts and terms range from $1,000 to $10,000 and 6 months to 5 years. However, loan amounts and terms vary widely by state. For instance, in Alabama the loan amounts range from $2,100 to $10,000 and the maximum term is 5 years. In Wisconsin, loan amounts vary from $1,000 to $10,000, and the maximum term is 3 years.

Which States Does NetCredit Operate In?

NetCredit loans are available in Alabama, California, Delaware, Georgia, Idaho, Missouri, New Mexico, North Dakota, South Carolina, South Dakota, Utah, Virginia and Wisconsin.

What Is the NetCredit's Application Process Like?

The application process is simple and transparent. You will know instantly whether or not you qualify. There are no hidden fees. The only fee you have to worry about is the simple daily interest on the remaining balance of your loan. If you pay the loan early, you will not incur in prepayment penalty fees.

How Is NetCredit Better Than Other Lenders?

NetCredit provides an alternative to payday loans for borrowers with poor and fair credit who don't have or don't want to use assets as collateral for a secured loan. Interest rates are lower than payday and cash advance loans and NetCredit offers larger loan amounts and longer repayment periods.

  • Credit bureau reporting
  • Interest APR
    35% - 150%
  • Joint loans available
  • Loan Amount
    $1000 - $10000
  • No late fees
  • Max Loan Term (Months)
    60
  • Lend to military?
  • Institution Type
    Direct Lender
  • Approval Speed (Hours)
    24
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0 votes

They claim to give loans to poor to fair credit, but I get declined for poor credit. Deceptive advertisement seems to be the norm for these online loan lenders.


0 votes

NetCredit, please do not do business with this company. They are a predatory lender. If you were turned down count your blessing!


0 votes

Turned me down real quick. I make over 8k verifiable income. Crappy company.


0 votes

no service in tennessee this is no good not at all

0 votes

Make sure that they are actually following the usury laws of your state. I live in Virginia and in order to charge the interest rates that they do, they have to be licensed in Virginia and not another state. They are not licensed in my state so the most I should be paying is 12%. I was told by a consumer lawyer to stop paying them immediately. Revoke the automatic ACH's and to send a detailed explanation using legal terms to the collections department (who only wants to talk to ... you via phone, email) no real address for collections specifically, which is eerie. If they contact me after the cease and desist letter i am supposed to keep track so i have grounds for a counter suit. They have already broken it twice via phone calls. I took a picture of the number and day and time. Once they contacted me with a dunning letter they turned into a collections agency so the FDCPA rules apply. Based on my states usury law they were paid the principle and more than the 12% in interest. So I did not stiff them. More Less


0 votes

Big mistake!! They said they had approved me and just needed one more thing to finalize the loan. Big lie!! One more thing after the other after the other, I gave up but they contacted me saying funds were ready and just needed one more thing again. Fell for it again just so at the end they told me they could not loan me he money, by the way I have a 689 credit score with over $10k a month in revenue


0 votes

Unbelievable I found net cash does not lend in Nebraska the second company I been looking for a loan bills can put someone understress fighting with companies that who does lend they only like people who has high salary driving newer car and Masson for home while we live on peanut or basically nothing and they use us for excuses I want to see some of these company live on 600.00 a month and pay all their bills with no help


0 votes

Worst mistake evar. There is no one to blame but myself. I knew what I was getting into, I read the payment schedule and the terms. This company has taught me how to budget very carefully because I can't even imagine the penalty fess for a late payment - OMG! But again - it's all my fault. Thank god I used the loan to pay off all of my debts. If I had $292.00 a month in addition to all of my old debts, I ... would have filed chapter 9 a long time ago. Be very careful you always, always, always have enough funds in your account to cover the auto debits. If you are reading this and haven't gotten trapped into a 4 or 5 year nightmare - please don't do it. Go to LendUp instead. More Less


0 votes

Terrible, terrible, terrible company. Nice people work for them which is soooo sad,...I was looking for small loan and because these jerks behave like ambulance chasers, they were calling me before I even knew they existed. They proposed a terrible plan and I declined, then they send an e-mail claiming to have turned me down,...they will get theirs',...it will all come back on them just like the rotten seeds they have sown,...


0 votes

If there's an option for half of a star, that's what I would rate this company. A zero rating would not be nice since they loan me the money. Due to my low credit score, they charge me around 300% interest on top of the principal. Customer service is very firm to their belief and their's nothing they can do to work with us. This company is a loan shark. It's good if you can pay the loan off right away. But most of us ... can't that's why we got suckered in. I beg you to search around. If you are in the military, Pioneer and OMNI are way better choices. More Less

0 votes

They lie so bad poor to bad credit watever that is a crock!! ive been on time last few yrs raised my score way up and stillget denied evenimake 4 thous, a mnth just had emergency watever


1 votes

They say you are more than just a number. I make 5400 dollars a month and just need some money to catch up on my bills. I have put myself through school and that cost really hurt my ability to pay bills and pay them on time. I have been denied over and over again. Net Credit is a joke of a company.


1 votes

I don't have enough good things to say about this company. They have saved me so much. I've never struggled so bad financially and was out of options. I was stressed out of my mind and decided to look towards a pay day loan. Searched for two days without no such luck and couldn't bring myself to pay a company over 750% apr interest. My last stop was netcredit. Still high interest but not nearly as bad as most other companies and they made the loan process so easy and ... quick. Next business day the money was in my bank account. I have the biggest weight lifted off my shoulders and can breathe easy for a little bit. The gentleman I spoke to was very nice and professional and didn't actually like a loan shark just trying to screw me over in my desperate time of need. Thank you soooo much!! Definitely recommend them. More Less


0 votes

My husband was laid off for over a year. We literally lived off of credit cards. After one year I had maxed them all out. When he began working I applied for consolidation loan from my credit union. I had denied. Although, I have excellent payment history my FICO suffered because of my high credit usuage. At first, I was sooo greatful that Netcredit approved me. I was able to pay off ALL my credit cards so I really didn't mind $169 every two weeks. Even though it is a ... lot of money. Yes! I knew up front that the interest rate was outrageous yes! I knew that I was paying about $400 a month. My problem with them is ... I took out a loan for $4000. My balance today AFTER paying on this for almost 1 year is $4899?!?!?!?!?! How is that even possible. This should be illegal. Needless to say, I appreciate the help at the time. My FICO is back up and I was able to refi with my credit union. Bye bye Netcredit NEVER EVER EVER again!!

I just wanted to add that thier customer service is excellent. And they do try to help when or if you ever fall behind.
More Less


0 votes

Worst loan ever. I borrowed 6500 they debit my account twice a month 200 bucks. That means 400 bucks a month for five years. Worst mistake ever interest rates are ridiculous.


1 votes

I needed money fast, I have a low credit score and I was offered $1600. You need to read your contract. I have seen a lot of people complaining that they check their account after a couple months and still owe a lot. Well it shows you BEFORE you take the money, what your payments are going to be and what your interest is. You have to be willing to pay basically double payments to get paid off in order to avoid high interest. But if you need money ... fast, this is the way to go. More Less


1 votes

I have been a net credit customer in the past.I Wii always go back to net credit for a further loan they are wonderful and the customer service is great.the money I needed was in my account the same day and I would like to recommend net credit to anyone who needs a loan.thanks again net credit!!!!


2 votes

Well I have applied on more than one occasion and I have been denied each time. I am making almost 4 grand a month and I just needed some money so I can bring my account current so I can build my credit up. I am working full time and a full time college student. Reason for denial? Low Credit scores. Well don't advertise that you loan to people with low credit scores. False advertising and crappy service. I would not recommend!


1 votes

Amazing customer service throughout the entire process and I was funded quickly. For those who are eligible, NetCredit is an amazing choice for a personal loan when you need the money.


0 votes

Beware of netcredit! They deny you credit if you do not give them your banking login credentials! That is very shady business!!! Be very cautious!


1 votes

I have had an awesome experience with Net Credit. Yes the interest rate is high but when I was in need of extra money they were there for me. The application process was quick and the money was in my account the next day. After I paid on my loan for a few months they allowed me to refinance to lower my payments and after that loan was paid off I received a second loan which AGAIN was in my account the next day. I have never had to contact ... customer service and the payments come out of my account exactly how it was explained to me. I would 100% recommend them. It was an easier process than going in person trying to get a bank loan or even a small loan from a local company. More Less


1 votes

My experience with Net Credit was all the way Professional and quick. They were truly helpful and they certainly have come through for me. I would tell all that inquire even those who don't to choose net credit .


0 votes

Lmbo.. just got my email as to why I was declined, bc of my credit score. Even tho the commercials say "your more than a number", what a joke. Heck if I knew they base it on ur credit score I would have never applied, false advertising!!


1 votes

Just applied bc I thought it says on the commercial that u are not a number. Bad credit is acceptable. But I immediately got denied. All I asked for was $3 000.00. Bring home close to $2100.00 a mth including my spouses ck but they didn't ask if joint acct. Probably a good thing I got denied noe that I have read the poor reviews about this company. Judging by what some of u say, 98%??? Thats got to be illegal or it ought to be.


1 votes

Net Credit really is everything they advertise themselves to be. Nobody else would take a chance on my low credit score, but Net Credit did and I am so thankful to them for that. Thanks NetCredit!


1 votes

I was contemplating contacting another lending source, but saw the net credit commercial and to my surprise, after a quick bank account verification and statement request I was approved! Within 48 hours 😳

All glory to God for a company offering second chances 👈🙏

Thank you to the the entire net credit team!


2 votes

No matter how desperate you may be for a loan, do not use Net credit! I got a $1000 loan and had made 4 payments over $200.00 so far. I decided to look up my account and see what the payoff amount was because I figured I must be getting close. I just about fell over when I saw that because of all the fees, I still owed more than $900! This cant be right!


2 votes

Unless you're able to make the payments quickly and with more than what is due, you'll be paying off your loan forever. The interest rates are insane! I've been paying for about six months, and decided to see how much I had left. I shouldnt had less than half, but my principle was almost the same amount as the loan I'd taken out! That means my payments have been 99% interest. I won't do this to myself again.


1 votes

With all the bad apples out there, any company that claims to offer quick loans based on anything other than just your FICO score naturally raises your suspicions. But this company is legit, with an A rating on BBB. Yes, they charge high interest rates, so its smart to pay off your loan ASAP. But they dont charge extra fees like a lot of payday loan outfits. If you have good credit you can probably get better terms elsewhere, but if your credit is iffy, Net Credit ... is not a bad deal. More Less


0 votes

Looks like I'll never learn when it comes to Christmas. Every Thanksgiving I tell myself I'm gonna be good and not overspend, but then comes Black Friday and it's like I'm on a buying binge until the 24th of December. Then it's January and I'm in big trouble with a pile of bills and not a dollar to pay them. Then I get a personal loan to tide me over. Trouble is that with NetCredit and their interest rates it looks like I'll be paying this off until next Thanksgiving.


1 votes

Good and bad. They have some good things about them, like the customer service people, and the fact that they have been around for a while. But the bad part is how expensive it is. You had better be sure you really need the money badly enough to make it all worth the effort.


1 votes

These people should be locked up! They have essentially robbed me after the overall cost of this loan is looked at! Unbelievable! I wish I would have looked into this whole thing more BEFORE I got screwed over by them. I seriously dont know how people like this sleep at night.


0 votes

Of course, the interest rate is high. That's why it's pretty easy to get one of these loans. The people who help you along the way are really nice, though, and if you pay the loan off quick, you won't be hit with too much in the way of interest. I was able to pay it off in 45 days. 30 would have been much better, but that was all I could do. Still wasn't too bad.


0 votes

The good stuff first. The application process is quick and honestly a no-brainer. You feel like you hit the jackpot when you discover that you got approved. And then the sweet feeling of seeing the money in your account. This all goes pretty quickly and easily. The bad stuff. The interest rates are inhuman and seeing that reality makes all the good stuff go bye bye.


1 votes

I was totally desperate for cash. I'd rather not share why--but just know that things wouldn't have gone well for me if I didn't get the cash. For that reason I'm so grateful to these people. Like they advertise, applying was fast and easy and they gave me an okay within minutes. Best of all, the money was in my account the very next day. And I got all that I wanted! The interest rate is high, but I'll take it!


1 votes

On the good side, this company really doesn' t charge any hidden fees. They get you instead by hitting you with out of this world interest rates. I thought I would have a heart attack when I saw the interest rate, but by then I was close to getting the cash, which I really needed. Only way to not get totally suckered is to pay the loan off as quickly as possible. Within 30 days preferably, if you can swing it.


1 votes

This isn't a bad option if you need quick cash and don't have the best credit. My wife and I filed for bankruptcy a few years back, but were still able to get a loan of $2,000. The interest is really high, but we were unable to get approved my other lenders due to our credit scores. It's very similar to getting a new credit card. Without good credit, you'll always be paying higher interest. But we got the money we needed, so it isn't the worst thing in the ... world. More Less


1 votes

My only problem with this company is that I couldn't get as big a loan as I needed. I decided to get the money, anyway, as I figured something was better than nothing, and I was approved. I really like how they don't charge you any hidden fees. You just pay the interest, which is daily simple interest, not compound interest like some companies. Your best bet is to pay it off as quickly as possible.


1 votes

Though I didn't want to get out a loan, I had to, so I gritted my teeth and applied for a loan with this company. My credit rating had recently had a bad hit, so this was the only way that I could get a loan. The process was a lot easier than I thought it would be. I quickly applied online and the money came super fast. Although I've seen some complaints about how they have you pay back small amounts frequently that's actually what I prefer, so it ... worked out really good for me. And the best part is that I think my credit score went up after paying off the loan. More Less


1 votes

Applying for this loan went smoothly, and I got my money really fast. I also got the $6,000 that I wanted, even though my credit isn't all that great. My big problem with them is that they won't let you refinance your loan like some places let you. I wanted to try so I could get a better interest rate but they said no. They also have you make frequent payments, which is hard for me to do.

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