Compare Personal Loan Rates from WalletHub Partners
Excellent Credit
Excellent Credit
Good Credit
Fair Credit
Bad Credit
No Credit/Limited History
$500
$500
$1,000
$3,000
$5,000
$10,000
$25,000
NetCredit Reviews
The WalletHub rating is comprised of reviews from both WalletHub users and ratings on other reputable websites. The rating was last updated on 04/24/2026.
NetCredit has much smaller loans than most personal loan providers, offering just $1,000 - $10,000. Most other lenders offer maximum loan amounts of at least $25,000. NetCredit’s APRs are also much higher than average. Its minimum APR is 34% – almost as costly as many lenders’ highest rates. And its maximum APR, at 99.99%, is much higher than the 36% cap used by the vast majority of personal loan providers.
NetCredit only operates in 36 states, as well. While NetCredit offers quick approval and considers applicants with bad credit, there are plenty of cheaper alternatives to consider.
NetCredit Personal Loan Review Highlights:
NetCredit interest rate: 34% - 99.99%
Loan size: $1,000 - $10,000
Funding timeline: As soon as the next business day
Origination fee: $0
Late fee: $25
Payoff period: 6 - 60 months
Joint applications/co-signers: Not allowed
How to pre-qualify: Fill in your information on NetCredit’s website.
NetCredit requirements: 18+ years old, U.S. citizen or permanent resident, SSN.
On top of being extremely expensive, NetCredit personal loans have very limited availability and don’t offer much funding. Below, you can see how WalletHub rates these loans in our three major categories: Terms, Requirements & Application, and Reviews & Transparency.
NetCredit Ratings by Category:
Category
Editor’s Rating
Terms
1.7/5
Requirements & Application
3.5/5
Reviews & Transparency
3.9/5
Overall Score
9.1/15
These scores reflect how close a loan offer is to WalletHub’s definition of a 5-star loan. For more information, please read WalletHub’s full methodology.
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NetCredit
Wayne Rutherford @wrutherford555
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1 Star Rating
You may be able to get a line of credit from Net Credit but their finance charges are very high and it take a very long time to pay off the debt. I made a $135 payment but their finance charge was $90 so it took off only $45 from my total balance. Luckily I got a HELOC loan and paid it off in full before they could charge me another outrageous finance charge.
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Product: NetCredit Credit Cards
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NetCredit
Mo su @kutensasy
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1 Star Rating
Stay away, scammers will continuously send enticing emails prompting you to apply without a credit check. Before you know it, your credit is pulled. They falsely say you are pre-approved for over $3000, then keep asking for more and more account information, including linking to your personal bank account, giving them full access to all your personal information. Then they look for a reason to decline you or withdraw your application, causing damage to your credit report as it is a hard pull. People are rude, manner less, and illiterate who don’t know how to be courteous with others. All you get are automated emails, and the CEO of the company is the worst.
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Product: NetCredit Personal Loans
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NetCredit
Cari Hayes @carih_3
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1 Star Rating
They don't properly explain their fees. It's predatory.
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Product: NetCredit Loc
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NetCredit
Agra Blake @agrarw882
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1 Star Rating
Borrowed in August 2025 expecting that my loan would have been reduced by half, only to see that these people are charging a statement balance! When every other major bank and lending institution are not implementing these exorbitant fees. Someone has to do something because this is unfair. I will never borrow a penny again from this firm; it's a rip-off. I would give no rating if it were possible; it's just that I can't remove my rating on here. 0 stars.
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Product: NetCredit Personal Loans
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NetCredit
Joel Summers @joelsummers
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1 Star Rating
Verified Customer
They report late while bankruptcy is in progress since 1-17-2025.
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Product: NetCredit Personal Loans
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NetCredit
Tori Santana @toris218
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1 Star Rating
They are loansharks! When the statement balance fee is doubled to the cash advance balance! If your cash advance balance is $59.13 the statement balance fee is $$120.00 so your payment would be $179.13 and in fluctuates from month to month!
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Product: NetCredit Personal Loans
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NetCredit
Karen Appel @karenappel42
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1 Star Rating
Verified Customer
I had autopay set up for my account and then paid it off early. NetCredit reported that I had missed payments. I have bank statements proving otherwise, yet they still claim they are correct. I would advise not using this lender.
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Product: NetCredit Personal Loans
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NetCredit
Samantha @samantha1schmehl68
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5 Star Rating
I was able to pay it back within three months and didn't incur any penalties, and I was able to avoid any extra charges. It also helped my credit rating.
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Product: NetCredit Credit Cards
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NetCredit
Tanieka @taniekasmith
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1 Star Rating
They are the worst in the world. I took out a $7500 loan in 2022, never missed a payment, and still owe about $3000 on it. They just sent me an email to refinance. I wouldn't reapply even if I were losing my house! The worst in the world, never again. The only reason I keep paying is because of my credit.
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Product: NetCredit Personal Loans
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NetCredit
Theresa Schwartz @Tks4peace
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1 Star Rating
They are a predatory loan company and charge interest rates that make it nearly impossible to pay them off. Only $100 out of a $300 payment goes towards the loan. They know they are predatory and misrepresented the fees and interest rate of $4.50 per $1 loan amount. This business is not allowed in some states due to their predatory loan practices. This should be illegal in all states.
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Product: NetCredit Personal Loans
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NetCredit
rosalind Taylor @rosalindbtaylor
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1 Star Rating
I applied for Net Credit. They had me fill out the paperwork, read the contract, and after I signed the contract, they sent me a paper saying I was not approved. Okay, then today, October 1, 2025, I applied again. They quoted me for $800. The same thing happened: I filled out the paperwork, and after I did, they sent me the paperwork saying they could not approve me. So, I called them and asked why, and he said it was because they're trying to protect their customers from fraud. I asked, 'Are you trying to say that I am not the person I say I am?' He hung up the phone.That is bad business to me it had nothing to do with my credit score they denied me t I’ve because they think I am not who they think O am is it because I have. I have my bank account in my ex husbands last name and never change it to my back to my original last name please help because this is not fraud on my part this is net credit approval of a loan. Them taking it back
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Product: NetCredit Personal Loans
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NetCredit
Becky Powell @beckynicolepowell
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1 Star Rating
Someone stole my ssn and applied for a loan with net credit. I contacted them and they said it was denied. I tried to get it removed and they needed a police report and a handwritten paper with personal info on it. I did everything they asked and after a month of it not being removed i contacted them again and they wanted me to redo everything i had already done. They have still not removed it from my credit report.
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Product: NetCredit Personal Loans
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NetCredit
no thanks @Happinessisfree
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1 Star Rating
Fraudulent. They messed up my account when I gave them access to debit transactions after they refused to take ACH. They sent me to collections after falsely claiming my checking account was invalid. My bank suggested I cancel the card they had because of the nefarious activities they were engaging in. Never use this shady business. You'll regret it.
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Product: NetCredit Personal Loans
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NetCredit
Tammie Gorsuch @tammielwiggins
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1 Star Rating
I took out the loan in May with NetCredit, and I don't have an issue with a reasonable payment. Before my June payment, I changed the due date to the 20th of each month. June's payment of $504.00 was made on June 20th. I thought that was a high payment, but doable. I was told the payment would decrease slightly each month. On July 16th, I checked the website and discovered that $684.00 was scheduled to be debited the next day. I immediately called them at 18:58 and requested an urgent callback from a supervisor. I wasn't prepared for such a high payment the following day. I was getting ready to pay $500.00 on the 20th. I called them again on July 17th at 11:20, after $684.00 was debited, causing my account to be overdrawn. Once again, I requested to speak to a supervisor. I called on July 18th at 14:44 and again at 15:40.
During this time, I began reading reviews on WalletHub. Out of about 485 reviews, most were negative. This is when I discovered issues like money debited before the due date and exorbitant statement fees, as well as many other concerning practices, with these fees being computer-generated! So, I looked at my statement on the NetCredit website and discovered a statement fee of $399.00! What? That's more than my car payment! At this point, I felt a bit like I was being scammed. I also had auto-pay turned off and instructed them to set my due date to the 20th of the month.
Yesterday, August 6th, I checked to ensure that they could not automatically debit my account, which had been turned off, but the due date still said the 17th. I changed it to the 20th myself. I called them at 11:47 to confirm that auto-debit was turned off. Also, I still had not received a call from a supervisor. Apparently, they did send an email, but I was not looking for an email and didn't see it. The representative attempted to get a supervisor on the phone because I informed her that I was gathering information for a class-action lawsuit. No one was available, of course. I made it clear that I wanted a phone call, not an email. My statement fee this month is $385.00, still more than my car payment. I plan to make a payment, but I am not paying that high statement fee. As of today, August 7th at 11:40, I still have not received a phone call.
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Product: NetCredit Personal Loans
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Review NetCredit
NetCredit Offers
Personal Loans
NetCredit Q&A(53 questions)
Get answers to your questions about NetCredit below. Editorial and user-generated content is not provided, reviewed or endorsed by any company. Please keep in mind that it is not a financial institution’s responsibility to ensure all posts and questions are answered.
NetCredit's requirements include being at least 18 years old, having enough income or assets to make the monthly payments and having a Social Security number. You will also need to have a verifiable bank account to qualify for a NetCredit personal loan.
NetCredit Requirements for Borrowers
Credit Score: Not disclosed, but does consider bad credit
Income: Not disclosed
Age: 18+
Citizenship: Not disclosed
Identification: Social Security number
Bank Account: Verifiable bank account
Residency: Live in one of the 14 states where NetCredit operates
Before you apply for any personal loan, it's a good idea to pre-qualify. While meeting all of the requirements gives you a good chance of approval, it's never guaranteed. To pre-qualify with multiple lenders at once, check out WalletHub's free pre-qualification tool.
Yes, NetCredit is legit because it has a 4.8/5 rating on TrustPilot, a 3.4/5 rating from WalletHub's editors, and a B rating from the Better Business Bureau. Also, NetCredit is registered to operate in the states it services, which is a legal requirement to be a legitimate lender. Netcredit offers personal loans with funding as soon as the same business day, even for people with bad credit, and they do a soft pull that doesn't...
Your NetCredit approval odds are good if you have a low debt-to-income ratio and meet NetCredit's requirements to get a loan. Some requirements include being at least 18 years old, having enough income to make monthly payments and having at least bad credit. If you meet all the requirements, your approval odds are high, but approval is never guaranteed.
Yes, NetCredit may call your employer after you provide their contact information and give permission for the call during the application process. NetCredit will not disclose any information when they contact your employer, since they are just inquiring about your employment status.
You will know if NetCredit approved you for a personal loan because you will receive an application decision via email. NetCredit may approve you as soon as the same day you apply, or 1 business day, and you can check your loan status online in the meantime.
If you get approved, you should receive the funds 1 business day. Just keep in mind that approval for a NetCredit loan is never guaranteed.
NetCredit is a personal loan provider that offers $1,000 - $10,000 in funding, APRs of 34% - 99.99% (depending on your creditworthiness), and repayment periods of 6 - 60 months. NetCredit does not require you to have a credit score to qualify.
Key Facts About NetCredit Loans
Loan Amounts: $1,000 - $10,000
APRs: 34% - 99.99%
Repayment Periods: 6 - 60 months
Funding Timeline: 1 - 3 business days after approval
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...
The credit score needed for a NetCredit personal loan is not disclosed. However, NetCredit states that it will consider applicants who have bad credit, so people with credit scores below 640 may have a shot at approval. NetCredit personal loans are quite expensive, so they are not a good option for anyone with fair credit or better.
It takes 1 to 2 business days to get money from a NetCredit personal loan, in most cases. The NetCredit loan timeline includes around 1 business day to get approved for a NetCredit loan and another as soon as the next business day to receive the funds after approval. Keep in mind that this is a typical applicant's experience, and in some cases it could take longer.
How to Get Money From NetCredit as Fast as Possible
NetCredit does not disclose a specific credit score needed to get a personal loan, unlike many personal loan providers. When evaluating your application, NetCredit will consider your entire financial profile, including your income and existing debts, as well as your credit history.
NetCredit Credit Score Requirement & Loan Terms
Category
Requirements and Terms
Minimum Credit Score
Not disclosed
Loan Amount
$1,000 - $10,000
Repayment Period
6 - 60 months
Funding Timeline
As soon as the next business day
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