Learn About Our #1 Short-Term Lender: CashNetUSA
NetCredit is a relatively new online installment lender who has been around since 2012. NetCredit falls somewhere between the less-than-prime lenders and the super high-interest installment lenders. If you aren’t able to qualify with a lender like Peerform or OneMain Financial you may want to check out NetCredit. Read our full NetCredit review to see what they can do for you.
What States Does NetCredit Lend To?
NetCredit currently operates in the following states: AL, AR, AZ, CA, DC, DE, DE, FL, GA, ID, IN, KS, KY, LA, MI, MO, MS, MT, ND, NE, NM, OH, OR, SC, SD, TX, UT, VA, WA, and WI. The state you live in will determine the financial institution that funds your loan, but you’ll still be dealing with NetCredit either way.
What Services Does NetCredit Offer?
NetCredit offers a single product at this point in time, installment loans. There is some flexibility in these loans though with varying loan terms and interest rates.
What Does the NetCredit BBB Page Say?
The BBB page for NetCredit has 1 positive review, 6 negative reviews, and 36 complaints. You can view the BBB page here.
NetCredit Review Overall
We struggled a bit with where to list NetCredit. Are they at the bottom of the “good” lenders or the top of the “bad” lenders? In the end, we went with the second choice and here’s why.
NetCredit seems to start with APRs where the higher-tier lenders cap out, generally 34%-36%. In some states, NetCredit only has loans in this range. But in many other states, they go as high as 155%, with an average APR of 95%. At these percentages, you’ll be paying back your loan several times over.
NetCredit also claims to report payments to two of the three major credit bureaus. On time payments could potentially improve your credit score.
In the end, you may be able to get a decent deal (decent only in comparison to some of the super expensive installment lenders) at NetCredit. But don’t expect anything near a prime loan.
Business Contact and Profile for NetCredit
|Name:||NC Financial Solutions, LLC|
|Address:||175 W Jackson Blvd STE 1000
Chicago, IL 60604-2863
|Type of Business:||Installment Loans|
|Principal:||Dave Fisher, CEO|
|BBB Accreditation:||This business is not accredited with the BBB and has an A+.|