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 11/04/2025.
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 37 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: $0
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
4.3/5
Overall Score
9.5/15
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.
Comment
2
0
NetCredit
Samantha @samantha1schmehl68
Report Abuse
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.
show more
show less
Product: NetCredit Credit Cards
Comment
0
0
NetCredit
Tanieka @taniekasmith
Report Abuse
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.
show more
show less
Product: NetCredit Personal Loans
Comment
0
0
NetCredit
Theresa Schwartz @Tks4peace
Report Abuse
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.
show more
show less
Product: NetCredit Personal Loans
Comment
0
0
NetCredit
rosalind Taylor @rosalindbtaylor
Report Abuse
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
show more
show less
Product: NetCredit Personal Loans
Comment
0
0
NetCredit
Becky Powell @beckynicolepowell
Report Abuse
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.
show more
show less
Product: NetCredit Personal Loans
Comment
0
0
NetCredit
no thanks @Happinessisfree
Report Abuse
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.
show more
show less
Product: NetCredit Personal Loans
Comment
0
0
NetCredit
Tammie Gorsuch @tammielwiggins
Report Abuse
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.
show more
show less
Product: NetCredit Personal Loans
Comment
0
0
NetCredit
Cynthia Consentino @cyndyconsentino
Report Abuse
1 Star Rating
Horrible, horrendous, and ridiculous! I'd give them a 0 if I could. I received a pre-qualified offer from them and literally had to provide a driver's license, birth certificate, paystubs, SS benefit letter, and bank statement. All for a $1,600 loan! Invasive! They denied me, saying they did not have enough proof of my income. Do not use them and report them to the BBB to put them out of business!
show more
show less
Product: NetCredit Personal Loans
Comment
0
0
NetCredit
Tayana @tayana_knight
Report Abuse
1 Star Rating
Tried getting a loan. Wouldn't let me get past the income part before it starts over at the eligibility line. Tried to verify my income multiple times, and it wouldn't go through! I'm not sure how people can even get a loan. Too much trouble at the beginning, so I know it'll be worse if I did get through.
show more
show less
Product: NetCredit Personal Loans
Comment
1
0
NetCredit
highmom22 @highmom22
Report Abuse
1 Star Rating
The worst possible loan you could ever get is from NetCredit. Stay away from them! They charge a statement fee, which just adds to the amount you owe. They are only allowed to operate in nine states; they are fraudulent lenders.
show more
show less
Product: NetCredit Personal Loans
Comment
0
0
NetCredit
Marie Pamphil @maudepamphil
Report Abuse
1 Star Rating
Verified Customer
Terribly high interest despite multiple payments being made and the account not being used for weeks. Do not recommend. This account was opened to help me with debt, but it is just keeping me poor and unable to move forward with my progress. Do not apply. They are deceiving.
show more
show less
Product: NetCredit Personal Loans
Comment
0
0
NetCredit
kas927 @kas927
Report Abuse
1 Star Rating
Run away! This company is the absolute worst. I've paid over $800 on my line of credit and have only reduced the principal by $50. Additionally, the due date in my portal has been incorrect multiple times. I schedule a payment based on the due date on the statement and the date shown in the portal, then I receive calls about missed payments and see missed payment reports on my credit prior to the due date listed in my online portal. Do not use them!
show more
show less
Product: NetCredit Personal Loans
Comment
0
0
NetCredit
Melvin Kwok @kwokmelvin
Report Abuse
1 Star Rating
Net Credit is the worst. I gave a one-star rating because I didn't have the option to give them a negative ten-star rating, which is what they deserve based on my experience. I applied for a small loan to help cover some moving expenses, believing that a small loan amount would be manageable. Unfortunately, I was mistaken. They persistently requested employment verification. I provided them with recent pay stubs, my most recent W-2, and countless other forms, including my driver's license and Social Security card information. It seems that wasn't sufficient for them. They insisted on verifying my employment through an HR representative. I gave them the contact information for that purpose. Net Credit denied me because they needed to verify my employment status via a phone call, but my HR representative could only do so via email—and that was on a Saturday, a weekend day when they typically don't take calls. It felt like they weren't patient enough to wait until Monday, a standard business day. I wasted too much time trying to secure such a trivial amount of money, and I hope this doesn't happen to anyone else in need, like myself. Just a heads-up for anyone dealing with this impatient company.
show more
show less
Product: NetCredit Personal Loans
Comment
0
0
NetCredit
Jency Dickens @jdickens6345
Report Abuse
1 Star Rating
I was pre-approved for $2100 with fees deducted upfront, which brings it down to $1900 and some change. I completed all the paperwork and was denied. This company is a scam; I wish I could give a zero rating.
show more
show less
Product: NetCredit Personal Loans
Comment
1
0
Melvin Kwok @kwokmelvin
Preach some more went through a similar situation with these clowns
show more
show less
Comment
0
0
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
0
0
Important Disclosures
Ad Disclosure: Certain offers,
companies or professionals (collectively “listings”) that appear on this site, originate from paying advertisers.
For full transparency, here is a list of our current advertisers.
Advertisers compensate WalletHub when you click on a link, or your application is approved, or your account is opened. Advertising impacts how and where listings appear on this site (including, for
example, the order in which they appear and their prevalence). At WalletHub we try to present a wide array
of offers, companies and professionals, but our listings do not represent all financial services companies
or products.
Advertising enables WalletHub to provide you proprietary tools, services, and content at no charge. Advertising does
not impact WalletHub's editorial content including our best picks, reviews, ratings and opinions. Those are completely
independent and not provided, commissioned, or endorsed by any issuer, as our editors follow a strict
editorial policy.
WalletHub is not a financial advisor. Our goal is to provide you with top-notch
content, data, and tools. You are responsible for deciding what financial products and providers are best
for your needs.
We work hard to show you up-to-date product terms, however, this information does
not originate from us and thus, we do not guarantee its accuracy.
Actual terms may vary. Before submitting an application, always verify all terms and conditions with the offering
institution. Please let us
know if you notice any differences.
