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NetCredit

November 13, 2017 by Leave a Comment

NetCredit 1

NetCredit

NetCredit is a online lender that is the best fit for consumers with poor credit aan easy, quick, and simple way to apply for a loan online and get financed instantly.

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3.0
Our Score

  • The Good
  • The Bad
  • The Summary
  • Reviews

Home › Review › Loans › Personal Loans › NetCredit

The Good

  • No origination fees or late fees
  • Quick funding
  • Customer service

 

NetCredit is a personal lender that appears fairly straightforward about the interest rates and fees that they charge.  They do not charge for origination fees, having insufficient funds, late fees, or making monthly payments early, whereas many lenders do charge these fees.  They also can fund the same day for buyers who are approved.  Approval requires the consumer to enter his or her name, address, phone, and driver’s license number.  The borrower must then also have a valid  checking account.

 

NetCredit is owned by Enova Financial, a large financial services company based in Chicago, and this gives them sufficient resources for a well-staffed customer support department.  They provide different ways to contact them for comments, questions and concerns.. NetCredit customer support representatives are ready for any kinds of help such as technical help, account management, or general questions about how the loans work.

The Bad

  • Reports of early debit
  • Maximum loan of $10,000
  • Limited state availability

 

NetCredit does not enjoy particularly high customer reviews, and the most common complaint involves early debits.  Borrowers with NetCredit loans often say that the company will debit payment two or three days earlier than expected.  Perhaps this is only when payments fall on a weekend or a holiday, but it indicates that NetCredit is not communicating the timing of payments well to its customers, and early debits can have serious negative consequences when borrowers have to pay bank fees.

 

NetCredit only lets  customers borrow up to $10,000 for the loan and this can be a  a drawback for some borrowers.  The company suggests some instances where the actual payments can be lowered by up to 15%.   Interest rates will be on the higher side because NetCredit is appealing to consumer with some negative history on their credit reports.

 

NetCredit’s services are available to customers in the following states:

 

  • Alaska
  • Colorado
  • Connecticut
  • Hawaii
  • Illinois
  • Iowa
  • Maine
  • Maryland
  • Massachusetts
  • Minnesota
  • Nevada
  • New Hampshire
  • New Jersey
  • New York
  • North Carolina
  • Oklahoma
  • Pennsylvania
  • Rhode Island
  • Tennessee
  • Vermont
  • West Virginia
  • Wyoming

The Summary

NetCredit has proven to be a beneficial and successful personal loan company with a good reputation and a solid company history for customers. They just not take the money of the customer; rather establish a culture of customer education. They only offer their services in 23 states due to their low maximum loan amount available.

Ratings Breakdown

Loan Amount$10,000

Max Length5 years

Credit Score500-700 FICO score

APR Range34.0-155.0%

Availability31 states
Upfront FeeNo

Year Founded2012

Review Last Updated: November 13, 2017

How We Rate

BrightRates provides unbiased reviews to help consumers make better financial decisions. We are serious about the editorial integrity of our reviews.

If you see a fact that is misprepresented, please contact us.

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THE OPERATOR OF THIS WEBSITE IS NOT A LENDER, does not make credit decisions, and does not charge any application fees. This Website does not constitute an offer or solicitation to lend. This Website provides a service wherein we submit the information you provide to one or more lending platforms and attempt to match you with a lending platform. This service is not available in all states, and the states serviced by this Website may change from time to time and without notice. Providing your information on this Website does not guarantee that you will be matched with a lending platform or approved for a loan. The lending platform may perform a credit check or otherwise verify the information you provide. Not all lending partners offer loans up to the advertised amount and not all lending platforms can provide you with the loan amount you requested. Loan amounts are determined by the lending platform based on individual creditworthiness. All financial terms of the loan will be provided to you by the lending platform. Loan terms, conditions, and policies vary by lending platform, state, and applicant qualifications. For details, questions, or concerns regarding your loan please contact your lending platform directly. In some situations, faxing or emailing of documents may be required. Cash transfer times may vary between lending platforms and may depend on your individual financial institution. Loan repayment periods could vary by lending platform and location. Not all applicants will meet the lending criteria to qualify for a loan. Borrow Responsibly – A short-term loan is ideally used for short-term financial needs only, not as a long-term financial solution. Late or missed loan payments may be subject to increased fees and interest rates. lending platforms may use collection services for nonpayment of loans. We recommend seeking credit counseling if you have financial difficulties.