Despite the fact that NetCredit has no more than 3 years since its foundation, it has rightfully landed on our rankings of premium lenders… We have given this lender, the #1 spot for personal loans for people with bad credit. With NetCredit you can borrow up to $10,000 as an installment loan with fixed monthly payments. This option looks like an attractive solution for anyone who has bad credit history and needs access to funds quickly. Indeed, this is the great advantage of NetCredit and the reason why it’s displayed in our website… your credit score is not relevant with this lender.
NetCredit reviews each loan application based on factors different than your credit score which explains why it is becoming a favorite of our readers. As a company, NetCredit believes in four fundamental values and puts them in words:
- We Believe Everyone Deserves Access to Credit
- We Believe Our Customers Come First
- We Believe It Should be Easy
- We Believe Good Lenders Offer More than Loans
NetCredit offers unsecured fixed rate personal loans (no cosigner needed) that run from $1,000 up to $10,000. The minimum and maximum amount that you can borrow depends on the state where you live. For example, California residents have to borrow at least $2,600 while residents in Georgia can borrow a minimum of $3,100. All loan rates and terms depend on your ability to pay, financial history as well as your state regulations.
The online loan application form is quite easy to fill out. Once your information has been compiled, you will be offered a loan based on your basic information. Then, you can select the loan amount you wish to get and accept the terms if you agree to them. Once you receive a final approval, the amount requested could be deposited in your bank account, in many cases, within the following 24 business hours.
In conclusion, NetCredit is a reliable company with nothing to hide which is evident when you try to reach them. The main advantage over their peers – and the reason for our recommendation – is that it offers loan products for people with bad credit. People with poor credit or no credit at all looking to rebuild their credit will benefit from Netcredit since all payments on time will be reported monthly. However, it is important to note that interest rates are significantly higher for those with very bad credit (easily understood because of the risk factor).
A lender that specializes in bad credit loans offering fixed installment loans up to $10,000 for up to 60 months with average rates of 35%.