Lender
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

2.9
(25 Ratings)

NetCredit Account Review

Advertiser Disclosure

How To Login in NetCredit Account?

To login to your NetCredit account, please follow the steps below:

  1. Go to the NetCredit website.
  2. Click on the "Sign In" button at the page's top right-hand corner.
  3. Enter your email address and password in the fields provided.
  4. Click the "Sign In" button.

If you have forgotten your password, click on the "Forgot password?" link below the sign-in fields, and follow the instructions to reset your password.

If you are having trouble accessing your account, you can contact their customer service for further assistance.

Key Features

NetCredit is an online lender that provides personal loans and lines of credit to borrowers with less-than-perfect credit. Some key features include:

  1. Personalized loan options. The company provides personalized loan options based on the borrower's credit score, income, and other factors. This means borrowers can get a loan that meets their specific needs and financial situation.
  2. Quick and easy application process. NetCredit's online application process is quick and easy, with most applicants receiving a decision within minutes. The application process can be completed entirely online, eliminating the need for in-person meetings or phone calls.
  3. Flexible repayment options. Borrowers are offered flexible repayment options, including the ability to change the payment due date or make extra payments at any time without incurring a prepayment penalty.
  4. No hidden fees. NetCredit is transparent about its fees and charges, with no hidden fees or charges. The loan terms are clearly explained to borrowers upfront, so they know exactly what they are getting into.
  5. Educational resources. The company offers a variety of educational resources to help borrowers improve their financial literacy and make informed decisions about their finances.

How To Register an Account?

To apply for a loan from NetCredit, you can visit their website and click on the "Check Your Eligibility" button. Fill out the application form with your personal information and financial details, including your employment status, income, and monthly expenses. You will be presented with loan options based on the information you provide and can choose the amount and repayment term that best suits your needs. Review the terms and conditions of the loan agreement and submit your application. NetCredit will review your application and conduct a soft credit check to determine your creditworthiness. If approved, you will receive a loan agreement that outlines the terms and conditions. You can review the agreement and decide whether to accept the loan offer. If accepted, the company will deposit the loan funds directly into your bank account.

Step-by-step Registration

To register a NetCredit account, please follow these step-by-step instructions:

  1. Go to the NetCredit website.
  2. Click on the "Check Your Eligibility" button.
  3. Select the loan amount you want to apply for and your purpose for borrowing the funds.
  4. Provide your zip code and date of birth.
  5. Indicate whether you rent or own your home.
  6. Enter your street address, unit or apartment number (if applicable), and zip code.
  7. Enter your first name, last name, suffix (if applicable), phone number, and email address. Choose a password to use for your account.
  8. To protect your identity from fraud, verify your social security number.
  9. Indicate whether you are employed or not, and if so, where you work and how much you earn.
  10. Provide your payment information, including your bank account details.
  11. Finally, review the terms and conditions of the loan or line of credit, and agree to them by checking the appropriate box.
  12. Click the "Apply Now" button to submit your application.

Once you have completed the application, NetCredit will review your information and let you know if you are approved for a loan or line of credit. In any case, you will be able to log in to your account to manage your loan or line of credit and make payments.

How Do NetCredit Loans Work?

NetCredit offers personal loans that work in the following way:

  1. Application. You can apply for a loan with NetCredit by completing an online application form. The company will ask for personal and financial information to assess your eligibility for a loan.
  2. Loan offer. If you are approved for a loan, NetCredit will provide you with a loan offer that outlines the loan amount, interest rate, and repayment terms.
  3. Funding. If you accept the loan offer, the company will deposit the loan funds directly into your bank account. The funding process typically takes one to three business days.
  4. Repayment. You will need to make regular payments according to the repayment terms outlined in your loan agreement. NetCredit offers various payment methods, including automatic payments, online payments, and phone payments.
  5. Prepayment. The company allows you to make extra payments at any time without incurring a prepayment penalty. This means you can pay off your loan early and save on interest charges.
  6. Loan renewal. If you need more time to repay your loan, NetCredit may offer loan renewal options. This allows you to extend the repayment period, but it may result in additional fees and interest charges.

NetCredit's loans are designed for people with less-than-perfect credit who may have difficulty obtaining loans from traditional lenders. The lender considers a range of factors when evaluating loan applications, including income, employment history, and credit history.

Loan Funding Times

NetCredit typically funds loans within one to three business days of loan approval. However, the exact funding time may vary depending on several factors, including the loan amount, repayment term, and method of funding.

NetCredit offers various methods for loan funding, including electronic funds transfer (EFT) and paper check. EFT is the fastest and most convenient way to receive loan funds. Once the loan is approved, NetCredit will deposit the loan funds directly into your bank account. The funds should be available within one to two business days.

If you prefer to receive loan funds by check, NetCredit will mail a paper check to your address. The check can take several business days to arrive, and you will need to deposit it into your bank account.

It's important to note that loan funding times may also depend on the time of day and day of the week that you apply for the loan. If you apply for a loan outside of business hours or on a weekend or holiday, it may take longer to receive your funds.

Who Are NetCredit Loans For?

NetCredit loans are designed for individuals who may have difficulty obtaining loans from traditional lenders due to bad credit. The company offers personal loans and lines of credit to people with a wide range of credit scores, including those with poor credit, limited credit history, or no credit history.

NetCredit loans may be suitable for people who need to borrow money for personal expenses, such as home repairs, medical bills, or debt consolidation. The company’s loans are unsecured personal loans, which means that they do not require collateral such as a house or a car.

NetCredit loans may also be suitable for people who need to improve their credit score. If you make timely payments on your loan, you can improve your credit score over time.

It's important to note that NetCredit loans may not be suitable for everyone. If you have a low income, high debt-to-income ratio, or a recent bankruptcy or foreclosure, you may not be eligible for a company’s loan. Additionally, if you have the ability to obtain a loan from a traditional lender with better terms and interest rates, you may want to explore those options first.

How To Delete an Account?

To delete your NetCredit account, you will need to contact their customer support team directly. Here are the steps to take:

  1. Call at 1-877-392-2014 or send an email to [email protected].
  2. Request to delete your account and provide any necessary verification information to confirm your identity.
  3. Follow any additional instructions the customer support representative provided to complete the account deletion process.

Note that once your NetCredit account is deleted, you will no longer be able to access your loan or line of credit information. Any outstanding balances or payments will still be due according to the terms of your loan agreement. It's important to make sure you have paid off any outstanding balances or made any necessary arrangements before requesting to delete your account.

How To Reset a Password?

If you have forgotten your NetCredit password, you can reset it by following these steps:

  1. Go to the NetCredit website.
  2. Click on the "Sign In" button at the page's top right-hand corner.
  3. Click on the "Forgot your password?" link below the sign-in fields.
  4. Enter the email address associated with your account and click the "Reset My Password" button.
  5. NetCredit will send you an email with a link to reset your password. Click the link in the email to be taken to the password reset page.
  6. Follow the instructions on the page to create a new password for your NetCredit account.
  7. Once you have created a new password, you should be able to log in to your account using your updated credentials.

If you don't receive the password reset email or have any other issues resetting your password, you can contact their customer support team for further assistance.

FAQ

How Do I Contact NetCredit?

To contact NetCredit, you can use one of the following methods:

  1. Phone. You can call NetCredit's customer service team at 1-877-392-2014. Customer service representatives are available to assist you Monday through Friday from 8:00 am to 8:00 pm CT, and Saturday from 9:00 am to 5:30 pm CT.
  2. Email.
  3. Payment address. NetCredit, P.O. Box 206766, Dallas, TX 75320-6766.
  4. Mailing address. Customer Support Team, NetCredit, 175 W. Jackson Blvd., Suite 1000, Chicago, IL 60604.

How Do I Activate My NetCredit Account?

If you have recently registered for a NetCredit account, it should be automatically activated once you complete the registration process. You do not need to verify your email or phone number to activate your account.

Why Can't I Access My NetCredit Account Online?

There could be several reasons why you are unable to access your NetCredit account online. Here are some common reasons and what you can do about them:

  1. Incorrect login credentials. Make sure that you are entering the correct email address and password associated with your NetCredit account. If you are unsure of your login credentials, you can use the "Forgot your password?" link on the login page to reset your password.
  2. Account inactivity. If you haven't logged in to your NetCredit account for a while, your account may have been deactivated due to inactivity. Contact their customer service team to reactivate your account.
  3. Technical issues. Sometimes, technical issues may prevent you from accessing your NetCredit account online. Try clearing your browser cache and cookies or using a different web browser to see if that resolves the issue. You can also contact their customer service team for assistance.
  4. Account suspension. If NetCredit has suspended your account due to a loan default or violation of the terms and conditions, you will not be able to access your account online. Contact their customer service team to resolve the issue.
Financial products
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

2.552
(21 Ratings)
Recommended FinScore™
0
300
650
1000
1000.00 – 10000.00 $
Rate
i

Effective interest rate on the product

to 155.00 %
Term
i

Loan term for the financial product

6 months – 60 months
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All NetCredit’s reviews by april 2024
Leave feedback
4.8
Advantages
My initial loan experience was seamless, featuring efficient processes and excellent customer service. I was genuinely pleased and taken aback by this company's professionalism.
Complain
2.2
Disadvantages
I was initially approved for a $1,650 line of credit with NetCredit. As part of the verification process, I submitted my two latest paystubs and bank statements as requested. Surprisingly, I received an email claiming they were "unable to verify income". Despite re-applying thrice and providing even more documentation, I continually received the same message. Furthermore, I got no response even after emailing them. Despite my employer using ADP, a leading payroll management company, they still couldn't verify my income. I'm beginning to question whether they are either inept at their lending processes or just gathering personal data. Moreover, this procedure resulted in a hard inquiry on my credit. I'll be contesting this and cautioning others to think twice before considering NetCredit, given my experience of not receiving the promised funds.
Complain
1.4
Disadvantages
I've had a challenging experience with this company. Firstly, I've been grappling with a fraud case for three years, having provided them with information from the CFPB, a police report, and bank statements. Secondly, I've spent hours trying to reach a manager, only to be told I'll be contacted within "48 hours". Yet, I always find myself initiating the follow-up, re-explaining my situation each time. Their main concern seems to be money, not customer assistance. Lastly, I'd advise caution when dealing with this company based on my experience; it feels they prioritize their interests over professional service or trustworthiness.
Complain
1.8
Disadvantages
This was my second attempt with this company. I only requested $500, but they approved me for $2,500 and directed me to view the contract at the bottom of the page. To my surprise, the process reset when I tried. After reaching out to them, they declined my application without a clear reason. I've documented this with screenshots. I won't be trying with them again.
Complain
1.8
Disadvantages
Be cautious with this option. On a $1650 loan, I incurred $555 in fees within just 3 months. If you're only making the minimum payments, which are not insubstantial at $150+, the fees are nearly half the payment amount. It can be financially detrimental in the long term.
Complain
4.4
Advantages
NetCredit has been fantastic to work with. I hope to refinance and obtain another loan through them in the future. They genuinely make every client feel valued. Many thanks!
Complain
2
Disadvantages
Beware of their exorbitant rates and fees. Despite having repaid almost the full amount borrowed, my remaining balance is still 2-3 times the initial amount. It feels like a predatory lending practice.
Complain
1.4
Disadvantages
I received pre-qualification for a loan on NetCredit and subsequently applied and got accepted. However, shortly after setting up my line of credit, it was unexpectedly closed, and I was informed that I had been denied.
Complain
2.4
Disadvantages
I decided to cancel my application before its completion due to some inconsistencies I observed. Their customer service line was peculiar; it gave limited options and often led to long hold times. The representatives I spoke with seemed unprofessional or perhaps not genuine. I proceeded with providing some of the requested information, but when they called back and asked for my full social security number, I opted to discontinue the process. Additionally, the application presented bi-weekly payment options when I had initially chosen monthly. The overall terms and conditions seemed excessive and added to my reservations.
Complain
2.2
Disadvantages
Be cautious. They assured me that checking eligibility wouldn't impact my credit. However, after providing all my details, they did a hard credit pull and subsequently declined my application. It's concerning when there's a discrepancy between what's promised and the actual actions taken. If they weren't going to approve, why perform a hard pull after stating otherwise?

Complain
Overall company rating
2.9
/ 5
25 reviews
Execution of an application
3.0
Support service
2.8
Mobile app
3.0
Service quality
3.0
Your satisfaction level
2.9
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