Does NetCredit verify income for personal loan applications?

NetCredit does not do a hard inquiry into your credit history when you apply for a loan. Even though there’s no credit check, that does not guarantee approval, as NetCredit considers factors such as income, debt load, age, residency and more.

NetCredit typically caters to people with bad or no credit. However, loans from NetCredit are usually much more expensive than those from NetCredits that do hard inquires. … read full answer

To see your approval odds and what rates may apply to you, check out the free pre-qualification tool on WalletHub.

To apply for a NetCredit personal loan, first check for pre-qualification and then enter your personal and financial information on the online application. Next, verify the accuracy of the information, submit the application and wait to receive a decision.

How to Apply for a NetCredit Personal Loan

1. Check for pre-qualification.… read full answer Pre-qualification is a way to check your approval odds and potential rates before applying for a NetCredit personal loan. It doesn’t hurt your credit. You can check for pre-qualification on the NetCredit website.
2. Enter your personal information on the application. NetCredit requires the following personal information on the application: your full name, email address, date of birth, phone number, home address, housing situation and Social Security number.
3. Enter your financial information on the application. NetCredit requires the following financial information on the application: proof of income and an active checking account.
4. Double check the application for accuracy. To ensure that your NetCredit personal loan application gets processed as quickly as possible, make sure that all the information is correct and complete before you submit it.
5. Submit your application. NetCredit will typically provide a decision on your application within 1 to 3 business days for both approval and funding.

If you are approved for a NetCredit personal loan, you will generally receive the funds within 1 to 3 business days for both approval and funding after approval. After that, it’s your responsibility to make monthly payments until you have fully paid back your loan, including interest.

No, NetCredit does not allow cosigners on personal loans, unlike some personal loan providers. A cosigner is a second person who serves as a guarantor on the loan, and thus promises to pay the loan back if the primary applicant cannot.

Although NetCredit does not accept cosigners on personal loans, there are quite a few lenders out there that do. You can check out WalletHub's picks for the … read full answerbest personal loans that allow cosigners to find some good offers.

You can also use WalletHub's free personal loan pre-qualification tool to see which loans you might be able to qualify for even without a cosigner.