Is NetCredit a legit website?

Is NetCredit legit? Yes. NetCredit gives you access to loans and lines of credit, even if you have less-than-perfect credit or need fast funding. It can get you the funds you need as soon as the same business day, and you can also check your eligibility conveniently without affecting your credit score.

Does NetCredit affect credit score?

How could a NetCredit personal loan or line of credit affect my credit score? When you check your eligibility, a soft pull is performed, which will not affect your credit score. If you’re approved and sign your contract, a hard credit inquiry will be made, which will be recorded on your credit report.

Can I pay off my NetCredit loan early?

Fees and penalties NetCredit won’t charge a prepayment penalty, which is a fee for paying your loan off early. This allows you to pay your loan off as soon as possible and limits the amount of interest you’ll pay.

What happens if I stop paying NetCredit?

Delinquent accounts may be sent to a collection agency, though it depends on the specific creditor and/or situation. Beyond the extra money and fees, late or delinquent loan payments can take a serious toll on your credit health, as these negative marks are recorded on your credit history.

Does NetCredit sue?

Virginia is suing one of the largest online lenders in the U.S. after reportedly charging Virginians millions in interest and fees. In a lawsuit, the state alleges that NetCredit lent more than $47 million in illegal high-interest loans, The Daily Press reported.

How does NetCredit verify income?

Income verification may include tax returns and current paycheck stubs. Past history of repayment: The borrower’s credit history indicates whether they pay their debts on time. Those with strong credit ratings are considered less risky than those who do not have a good credit score.

What kind of loan is NetCredit?

NetCredit offers small personal loans of $1,000 to $10,000 for people of all credit levels, even those with bad credit. NetCredit’s personal loans have a very high APR, ranging from 36% to 65%, and need to be repaid within 6 to 60 months.

Can I go to jail for not paying a loan?

You cannot go to jail for not paying a loan. No creditor of consumer debt — including credit cards, medical debt, a payday loan, mortgage or student loans — can force you to be arrested, jailed or put in any kind of court-ordered community service. If you get sued for an unpaid debt, you’ll end up in civil court.

Are there any good reviews on

Currently, NetCredit reviews are limited. However, the majority of the reviews on are 1-star. Many reviews remark on bad experiences with customer service as well as a lack of transparency regarding interest rates and credit score requirements.

How does netcredit determine your credit score?

NetCredit provides personal loans up to $10,000 to customers throughout the United States. We believe that your credit eligibility should be determined by looking at your broad financial picture – not just your credit score. Our online application is straightforward and simple, and funding can occur as soon as the next business day.

Do you have to have good credit to get a netcredit loan?

But according to the company’s annual report from 2018 filed with the SEC, many of its loans go to people with credit scores that are “near prime.” While you may be eligible for a NetCredit loan even if you have bad credit or fair credit, it’s important to consider other options.

When to consider netcredit as a last resort?

When to consider: As a last resort in a true emergency after you’ve exhausted other options. NetCredit is a Chicago-based online lender, offering personal loans with high interest rates and short repayment terms. Borrowers with bad credit can get a NetCredit installment loan for $1,000 to $10,500.