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Rating by Finanso®

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.

Repay NetCredit


Repayment of loan

It is necessary to understand the total amount of the loan to create the appropriate repayment plan. Unlike many other lenders, this financial organization does not charge application fees, insufficient funds, or prepayment penalties. But before taking NetCredit loans out, borrowers should know that they can be charged a late payment fee ($10 - $15 depending on the state) and an origination fee which forms part of the APR, also varies by state and reaches up to 5% in some cases. Such a fee covers the cost of the application process and all associated costs. Also, the origination fee is not included in the total proceeds of the existing loan.

For the comfort of its customers, NetCredit offers different payment options, such as debit cards, prepaid cards, paper checks, money orders, one-time EFT, MoneyGram, and Western Union. Also, during the application process, the lender's new customers get the opportunity to select AutoPay (Electronic fund transfer (EFT)) as their preferred option and never miss a monthly payment.

Conditions of loan extension

NetCredit loan borrowers in certain states (Alabama, California, Delaware, Georgia, Idaho, Illinois, Louisiana, Missouri, New Mexico, North Dakota, South Carolina, South Dakota, Utah, and Wisconsin) have an option to make more money by refinancing the existing loan in a fast and easy way. If eligible to borrow more funds, select the amount of money necessary and click through to the contract. After the approval, additional funds will be deposited into the borrower's bank account in a matter of days.

Early payoff

Early payoff of a personal loan can make credit cheaper and help to save money on interest. Settling a loan before the established term is not prohibited, and the finance company does not charge any prepayment penalties.


How do I make a payment on NetCredit?

There is an option to repay the personal loan debt using a debit card, a prepaid card, a check, or a money order. It is also possible to pay through Western Union or MoneyGram and use the Electronic Fund Transfer (EFT).

What happens if you don't pay back NetCredit?

In case of late or missing loan payments, additional fees and penalties can be added to a higher interest rate. Usually, 30 to 60 days past a bill's due date term is considered to be a late payment. Late and missing payments may affect the borrower's credit history. Depending on the specific situation, the lender can send delinquent accounts to a collection agency.

Can you pay off the NetCredit loan early?

NetCredit personal loans can be repaid earlier as they carry no prepayment fees. Repaying a loan before the loan term date helps save money on interest. NetCredit does not charge a prepayment penalty.

Can NetCredit sue you?

Any creditor has a right to sue clients once they go into default. After having several delinquent payments, a borrower can be charged additional fees and penalties, and their account sent to a collection agency.

Calculate loan payments in NetCredit

NetCredit calculator will allow you to calculate an approximate payment schedule for the loan

Loan amount

Enter the desired loan amount

1000 $
10000 $
Loan term

Specify the loan term for the calculation


What to focus on before applying for a loan with NetCredit

To ensure the lender is legitimate, check if it meets the following criteria:

How do you know if a loan company is registered?

The lending company is registered with the US Securities and Exchange Commission (SEC) and has a tax identification number (EIN). Note that tribal lending companies operate under the jurisdiction of tribal laws, and they don't have to register with the SEC. But still, tribes must act under federal consumer protection laws enforced by the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC).

According to the FTC requirement, the lending company is registered in your state, excluding tribal lenders abiding by tribal and federal laws only. That is why tribal lending companies can charge interest rates exceeding your state's maximum.

Finally, the State Attorney General can verify the registration of the lending company if you need additional proof of whether it is legitimate.

If a US lending company scams you, please report to local law enforcement, your state attorney general, CFPB, or FTC.

Finanso® also recommends

Learn the total cost of a loan, including:

It will be best to read a loan agreement carefully before signing it. If any part of the agreement seems incomprehensible, do not hesitate to ask the lender about particulars.

Remember that you don’t have to make an immediate decision when considering getting a loan. However, you must be sure that you are ready to repay following your loan documents. If the lender’s terms and conditions are uncomfortable for you, you are free to search for another proposal, as there are about 780 lending companies in the US.

What’s the difference between NetCredit and a bank?

  1. You need to have a good credit history to qualify for a credit card with a bank. In contrast, even bad credit history debtors can borrow money from US lenders with personal or payday loans. 
  2. Interest rates and annual percentage rate for a loan with an online lending company are significantly higher than with a credit card released by a bank.
  3. Applying for an online loan with a lending company doesn’t require paperwork or even visiting their office. Instead, a borrower can apply entirely online and receive money via direct deposit on the next business day.
  4. The online lending business is high-risk for investors, and their capital is not protected from unfair borrowers.
  5. A loan with legitimate loan companies for bad credit is a simple but expensive form of borrowing to resolve financial hardship.
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All NetCredit’s reviews by June 2022
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