NetCredit provides an option for those seeking a personal loan. At TheBestCompanys, we took at a look at NetCredit and reviewed them to find the good, the bad, and the bottom line.

1. NetCredit
Personal
Loan

2. Overview
NetCredit reviews each loan application based on more than just your credit score. As
a company, NetCredit believes in four values: 1) We believe everyone deserves access
to credit, 2) We believe our customers come first, 3) We believe it should be easy, and
4) We believe good lenders offer more than loans.
Based out of Chicago, Illinois, NetCredit is a smaller personal loan agency that stems
from the parent company Enova International. Founded back in 2003, the company
has more than a decade of experience in the industry and is led by CEO Dave Fisher.
While a lot of factors go into NetCredit’s success and growth, they run on four basic
ideas. They place high value on:
1. Putting their customers first.
2. Giving everyone a chance to build their credit—even for folks who have a
less-than-stellar credit history.
3. Making their process easy and intuitive.
4. Educating their customers about loans and finances (not just handing them a
check).

3. The Good
• While other lenders will charge customers exorbitant amounts of fees for any
inconvenience you cause them, NetCredit rises above. They won’t charge you a
cent for origination fees, late fees, having insufficient funds, or even making your
monthly payments early. Of course, as their customer you’ll need to do your part to
be reliable. But when hiccups happen, you won’t be penalized.
• One of the things NetCredit prides itself on is getting you approved for a loan and
set up with funds—fast. Filling out their online application is simple enough, and
when you click“Submit,”you can know practically instantly whether you qualify to
receive a loan.
• Tthe nice thing about NetCredit is that they see you as a person, not just a credit
score. They won’t allow just anyone to borrow from them, but they will accept
some people who have a subpar credit score. In essence, they take it on a case-by-
case basis and determine if you as an individual prove yourself to be eligible for the
loan.

4. The Bad
• For starters, they currently don’t let borrowers refinance their loans. That means
that, for better or worse, you’re stuck with the same interest rate on your loan for
the entire loan term. It would be nice if they let you reevaluate that rate after the
first while, to make things more affordable.
• Another major drawback for NetCredit is the fact that they only let you borrow up
to $10,000 for your loan. That’s thousands—and even tens of thousands—less than
some competing agencies. And it certainly might not be a big enough loan if you
need help paying for major home renovations, large moving expenses, or other
pricey endeavors.
• NetCredit only services the following states: Alabama, California, Delaware,
Georgia, Idaho, Missouri, North Dakota, New Mexico, South Dakota, Utah, Virginia,
Wisconsin, and South Carolina.

5. The Bottom Line
• All in all, NetCredit has proven to be a successful personal loan agency with a solid
company history and a good reputation for customers. They’ve done well to
establish a culture of customer education (not just taking their customers’money).
And they have a positive presence with the BBB.
• Whether you choose NetCredit, though, will probably depend on what you need in
a loan. If you need a smaller loan, can deal with a fixed rate, and don’t mind the
online realm, NetCredit might just be the right agency for you.