Net Credit Review

Rating: 4 / 5.0

Good for: Bad Credit Loans, Fast Cash, Personal Loans, Small to Medium Loans

NetCredit Overview

NetCredit is a leading personal loan provider based out of the heart of Chicago, but they’re more than just a lender. It’s not enough to simply lend you money, they genuinely care about helping you become financially independent. They seek to teach their customers about proper money management and building credit so they can live more comfortably. They also provide a wide array of tools to help so you can build credit while you repay your loan.

NetCredit knows that their success is intertwined with their customers’ happiness which is why they’ve become one of the most customer-centric lenders operating today. They firmly put their customers first and believe that everyone should have access to credit when they need it. NetCredit knows that you’re more than a number on a piece of paper which is why they look at your complete financial picture rather than a tiny corner of it.

NetCredit specializes in personal installment loans as well as numerous financial tools & resources to help you build your credit and become better at managing your finances.

NetCredit Personal Loans

Personal loans, also known as installment loans, are unsecured loans that don’t require a traditional credit check or collateral to qualify. These loans are broken up into even installments so you pay a single price each month until the loan is paid off. The simplicity of paying a single price every month for a specific number of payments makes it so you can set up a recurring payment plan and go on living your life without a care.

My CreditBuilder

NetCredit knows how important maintaining a good credit score and their built-in My CreditBuilder service ensures that your rating won’t drop by applying for one of their loans. They employ a soft credit check which can’t be seen by third parties and only when you’re approved will they make a hard inquiry. This may affect your credit in the short term, but NetCredit also reports every payment you make to TransUnion and Experian to show that your responsibly using your money.


NetCredit Loan Details and Statistics

Loan Amount$1,000 - $10,000
Loan Duration6 - 60 months
Collateral Needed?No
Interest Rates34 - 155%
Minimum Credit ScoreN/A
Approval Time"in seconds" - 3 business days
Loan Deposit Time~1 business day
Late Fees$15 after 15 days late
Insufficient Funds FeesN/A

Where does NetCredit Operate?

Though NetCredit is a relatively new money lender, their customer first approach has allowed them to expand into and operate in nearly 30 states across the country. Those states can be seen below.

AL, AR, AZ, CA, DC, DE, FL, GA, ID, IL, IN, KS, KY, LA, MI, MO, MS, MT, NE, NM, OH, OR, SC, TX, UT, VA, & WI.

NetCredit Loan Process

Like many other lenders, the loan process is very straightforward. You can apply online or call (877) 392-2014 to speak with a representative and you’ll receive an approval decision almost immediately or as long as 3 business days depending on your application. After you’ve been approved, NetCredit can deposit your loan directly into your checking or savings account in less than one business day and you can start using your money how you see fit.

Loan Application Requirements

  • Government Issued ID
  • Social Security Card
  • Proof of Residence
  • Proof of Income (Most recent pay stubs)
  • Active Checking Account 

How to Apply for a NetCredit Loan

The simplest way to apply for a NetCredit personal loan is to go through their 4 step online loan application process (here). You’ll 1) create an account, 2) enter your income information, 3) check your eligibility, and then 4) sign the contract for your loan. Provided that you have all of your personal information handy, this whole process should take no more than 10 minutes at most and you’ll find out if you’re approved for one of Net Credit’s installment loans within moments after applying.

NetCredit Review

NetCredit specializes in providing personal loans up to $10,000 to residents of nearly 30 states, but you wouldn’t really know it by looking at their website. Two of the big selling points for money lenders, especially one that’s as new as NetCredit, is peace of mind and trust. While their site is professional and they do a good job of pushing their financial tools and services to try to build that trust, but it never clicks.

Information about the service that matters, i.e. personal loans, is sparse and buried. You have to go to their homepage, FAQ page, their How it Works page, etc. etc. to knit together patchwork picture of the loans they provide. While it may not affect the service on the back end, it is an enormous inconvenience to prospective customers looking for a loan.

That being said, the loan application process itself is very straightforward and streamlined. Provided you get approved, you can get your money within 1 business day which is incredibly fast by modern money lender standards. NetCredit is also unique among personal loan providers since they’ve also built tools to help you manage your money better.

NetCredit is among the newer money lenders as they’ve only been in business for a little over 5 years after being founded in 2012. While they’re certainly past the standard fly-by-night caution window, they’re still a newer lender so caution is always warranted.

Is NetCredit Good for You?

While we haven’t funded a loan through NetCredit, there are a lot of hurdles to overcome and information to piece together to get comfortable with submitting your personal information. We’re always hesitant when it comes to companies that aren’t completely up front with their product / service regardless of what industry they operate in. Even with all of our objections, NetCredit has an 8.9 rating on TrustPilot (here) so they are dedicated to providing good loans and quality customer service.

All of their tools and additional financial services are built around building your credit and helping you manage your money better which is a rarity among money lenders. While we won’t give NetCredit a strong recommendation, we will say that they’re worth looking into, but they shouldn’t be your first choice.


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