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NetCredit review summary
Now, the unfortunate truth is that everyone is capable of finding himself in emergency situations in which lending money is the only option. With this in mind, turning to NetCredit might be a good idea. This is an online financial service provider who has its location in downtown Chicago. The company is a subsidiary of Enova International which is an NYSE-listed enterprise, hence delivering the necessary reliability and credibility.
Pros of NetCredit
- Experienced online credit service provider
- Quick approvals disregarding current credit score
- Personalized customer experience
Cons of NetCredit
- A limited amount of up to $10,000 with no regard to credit score
- Loans are not offered in a lot of states
What are the Minimum Requirements?
In order to be considered a qualified borrower in the list of NetCredit, you’d have to abide by certain criteria. The eligibility requirements are pretty straightforward.
- Must be able to provide a source of income
- Must have a valid bank account
- Must apply from one of these states: AL, CA, DE, GA, ID, MO, ND, NM, SC, SD, UT, VA, WI
The application process is also pretty clear. You need to fill out an application form, which is generally to be expected. You have to fill out regular information such as names, addresses, and others of the kind. However, you would also need to apply the reason for which you are getting the loan as well as the amount that you would like to apply for. Apart from that, there’s nothing that you can’t handle quickly.
NetCredit will first do a soft inquiry on your credit report which will not affect your credit score to evaluate your eligibility. Once you have accepted their loan offer, they may pull another hard inquiry on your credit report. Read the difference between soft and hard inquiries here.
Lending Terms and Interest Rates
The lending terms are fairly flexible. You can negotiate a comprehensive plan for repayment. What is more, if you make sure that you go ahead and pay all of your payments on time, this is going to positively affect your overall credit score. However, you need to account for the fact that the credit terms, as well as the interest rates, are going to vary from one state to another. You can easily find out the applicable rates and terms by selecting your state of residence.
When it comes to payment methods, you are free to select the most preferred option between electronic fund transfer as well as remotely-created checks. Of course, you can also send money through Western Union and MoneyGram or through your credit card, but you need to make a call in advance.
Final verdict on NetCredit review
In any case, NetCredit is a reliable service provider who is capable of getting you the necessary amount of money. Even though the amounts are rather limited, the terms are fair, and their website is easy to navigate through so you shouldn’t encounter any hassle. Plus, you don’t need to have a good credit to be qualified.
*Not all loan providers serve in all states. Please use this personal loan search tool to find the providers serve in your state.
|Lenders||Loan Amount||Loan Terms||Fees||Check Rate|
| ||$2,000 - $35,000||24 to 60 mo||Up to 4.75% of the loan|| |
APR: 9.95% - 35.99%
| ||$1,000 - $50,000||36 to 60 mo||1% - 6% of the loan|| |
APR: 8.92% - 29.99%
| ||$1,000 - $10,000||6 to 48 mo||Not disclosed|| |
APR: 34% - 155%
| ||$5,000 - $100,000||36 to 84 mo||No fees|| |
APR: 5.49% - 14.49%
| ||$5,000 - $35,000||24 to 60 mo||2% - 5% of the loan|| |
APR: 8% - 25%
| ||$2,000 - $35,000||36 to 60 mo||0.99% - 5.99% of the loan|| |
APR: 5.99% - 29.99%
| ||$10,000 - $35,000||24 to 60 mo||Up to 5.99% of the loan|| |
APR: 4.99% - 29.99%
| ||$3,500 - $20,000||24 to 36 mo||Varies by state|| |
APR: 15.49% - 34.99%
| ||$2,000 - $40,000||36 to 60 mo||1% - 5% of the loan|| |
APR: 6.73% - 135.36%
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