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NetCredit Personal Loans Review
NetCredit offers personal loans with flexible terms to borrowers with poor credit. With fast funding, NetCredit is tempting for many with bad credit. Other lenders with lower APRs might be a better fit for many with higher credit scores, but for those in an emergency, NetCredit is available.
Min. Credit Score None
Loan Amount $500-$20K
Loan Repayment Up to 60 months
Written by:Eric Rosenberg
Fact Checked by: Somer G. Anderson, Accounting and Finance Professor Ph.D., CPA, CGMA, CFE
NetCredit offers personal loans of up to $10,000 and lines of credit of up to $4,500. Both borrowing options come with sky-high APRs. Although the company works with bad credit borrowers, be prepared to pay extensive interest for the privilege.
If you are backed into a financial corner with no other options, borrowing from NetCredit is a quick way to get the cash you need. But the high interest rates could wreak havoc on your finances for years to come.
Summarized Rating
Loan Features3.3
Interest Rates and Fees2.8
Qualification Leniency5
Application Process5
Customer Support5
User Reviews3.5
Perks Bonus5
This parameter considers loan term lengths, loan minimums and maximums, and the extent of loan use limitations. Each of these features was evaluated using the five-point scoring system. Then, the various scores were aggregated and averaged to establish an overall loan features score.
NetCredit gets a below average 3.3 for Loan Features. This reflects the lender’s relatively unremarkable term lengths and loan limits. The absence of any loan use limitations provides a boost to the rating.
NetCredit Pros and Cons
NetCredit Pros
NetCredit Cons
Let NetCredit know what size loan you are seeking along with how you want to use the money.
About the Author
Eric Rosenberg
Eric Rosenberg is a financial writer, speaker, and consultant based in Ventura, California. He holds an undergraduate finance degree from the University of Colorado and an MBA in finance from the University of Denver.
More about meFact checked by: Somer G. Anderson
Somer G. Anderson has been working in the Accounting and Finance industries for over 20 years as a financial statement auditor, a finance manager in a large healthcare organization, and a Finance and Accounting professor at Maryville University.
More about me