Gino Rodriguez, Writer
@gino_rodriguez
Yes, NetCredit does a hard inquiry when you accept a loan offer and sign the contract. This credit inquiry will likely drop your credit score by about 5 to 10 points, but you’ll be able to get back on track with a few months of on-time payments.
NetCredit’s hard pull will stay on your credit report for two years, but it won’t affect your credit after one year, and the impact may subside before then. To see how your credit score may be affected by a hard inquiry, you can use the credit score simulator on WalletHub.
If you’re looking for a lender that does not do a hard inquiry at all, you could consider OppLoans by OppFi, Integra Credit and 60MonthLoans.
People also ask
Does a NetCredit personal loan affect your credit score?
Yes, a NetCredit personal loan does affect your credit score because NetCredit performs a hard inquiry into your credit when you accept a loan offer and sign the contract. Once you get the loan, your increased debt level and account diversity will impact your score, as will your loan payments. In particular, whether or not you pay on time will have a huge impact on how your score changes.
How a NetCredit Personal Loan...
read full answer by Gino Rodriguez, WriterHow can you get NetCredit personal loan pre-approval?
You can get NetCredit personal loan pre-approval through the NetCredit website. NetCredit pre-approval allows you to see your odds of approval for a personal loan from NetCredit, as well as your potential interest rate, and the process will have no impact on your credit score.
How to Get NetCredit Personal Loan Pre-approval
- Go to the NetCredit website.
- Click on Check Your Eligibility.
- Enter the loan amount, loan purpose, your zip...
How do I apply for a NetCredit personal loan?
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
- Check for pre-qualification. Pre-qualification is a way to check your approval odds and potential rates before applying for a NetCredit personal loan. It doesn’t hurt...
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