Frequently Asked Questions

NetCredit is an online financial services provider that offers Online Loans and lines of credit to individuals who may not qualify for traditional bank loans. We're a subsidiary of Enova International, Inc. (NYSE: ENVA), a publicly traded financial technology company with over 10 years of experience in the lending industry.

We use advanced technology and algorithms to evaluate your entire financial picture—not just your credit score—to provide personalized lending solutions. Our products include personal installment loans and revolving lines of credit, both designed to help you meet your financial needs with transparency and flexibility.

NetCredit works through a simple online process:

• Check Eligibility: Use our My ScoreSaver™ tool to check if you qualify without affecting your credit score
• Apply Online: Complete our quick application with your personal and financial information
• Get Approved: Receive an instant decision and view your personalized loan offer
• Customize Terms: Use our My RightFit Tool™ to adjust loan amount and repayment schedule
• Receive Funds: Get your money deposited directly to your bank account, often the same or next business day

All costs and terms are disclosed upfront with our ClearCost for Me™ guarantee, so you'll know exactly what you're agreeing to before you sign.

Yes, NetCredit is completely legitimate and safe. We are:

• A subsidiary of Enova International, Inc., a publicly traded company on the NYSE (ENVA)
• Licensed to operate in 37 states across the United States
• Rated 4.8 out of 5 stars on Trustpilot with over 30,000 customer reviews
• Rated B by the Better Business Bureau
• Partner with FDIC-insured banks including Capital Community Bank and Republic Bank & Trust Company

We use bank-level encryption to protect your personal and financial information, and we never share your data without your permission. All our lending practices comply with federal and state regulations.

NetCredit is owned by Enova International, Inc., a financial technology company publicly traded on the New York Stock Exchange under the ticker symbol ENVA. Enova was founded in 2004 and has been providing innovative financial services for over two decades.

Being part of a publicly traded company means we're subject to strict regulatory oversight and financial reporting requirements, which adds an extra layer of accountability and transparency to our operations.

NetCredit does not have a minimum credit score requirement. Unlike traditional lenders who rely heavily on credit scores, we use advanced technology to look at your entire financial picture, including:

• Your income and employment history
• Your banking patterns and account stability
• Your monthly expenses and debt-to-income ratio
• Your payment history (not just credit score)

We've successfully helped many customers with bad credit, limited credit history, or no credit score at all. Even if you've been denied by traditional banks, you may still qualify for a NetCredit loan.

To apply for a NetCredit loan, you must meet these basic requirements:

• Be at least 18 years old (19 in Alabama and Delaware, 21 in Mississippi)
• Be a U.S. citizen or permanent resident
• Have a valid Social Security Number
• Have an active personal checking account that's been open for at least 90 days
• Have a verifiable source of regular income
• Have a valid email address and phone number
• Reside in one of the 37 states where we operate
• Not be in active bankruptcy proceedings

Meeting these requirements doesn't guarantee approval, but it means you're eligible to apply.

Yes! NetCredit specializes in helping people with bad credit. We understand that credit scores don't tell the whole story, and that many responsible people have had financial setbacks that damaged their credit.

Our approval process looks beyond just your credit score to consider factors like your current income, employment stability, and ability to repay. Many of our customers have credit scores below 600 and have been successfully approved.

Additionally, by making on-time payments on your NetCredit loan, you can actually improve your credit score since we report to all major credit bureaus (Experian, Equifax, and TransUnion).

No, NetCredit does not accept co-signers. All loan applications are evaluated based solely on the individual applicant's financial situation and creditworthiness.

This means you're the only person responsible for repaying the loan, and you don't need to involve family or friends in your borrowing decision. Your application stands on its own merits.

Yes, self-employed individuals can apply for NetCredit loans. However, you'll need to provide additional documentation to verify your income, such as:

• Bank statements showing regular deposits (typically 2-3 months)
• Tax returns from the most recent year
• Profit and loss statements
• Business documentation or proof of self-employment

The key is demonstrating consistent, verifiable income that shows you can afford the loan payments.

No! When you check your eligibility using our My ScoreSaver™ tool, we perform what's called a "soft pull" or "soft inquiry" on your credit. This type of inquiry does not affect your FICO® credit score in any way.

A hard credit inquiry only occurs if you're approved for a loan and choose to sign the loan contract. At that point, the hard inquiry may cause a small, temporary decrease in your credit score (typically 5-10 points), but this impact usually fades within a few months.

This means you can shop for rates and see what you qualify for without any risk to your credit score.

Most applicants complete the entire NetCredit application in 5 to 10 minutes. The process is fast because:

• Our online form is simple and user-friendly
• Eligibility checks take just 2-3 minutes
• You receive an instant decision within minutes
• Everything can be done from your phone or computer

Having all your documents and information ready beforehand (employment details, banking information, income verification) can make the process even faster.

Absolutely! Our entire application process is fully optimized for mobile devices. You can:

• Complete the application on your smartphone or tablet
• Upload documents using your phone's camera
• Review and customize your loan offer on mobile
• Electronically sign your contract from your phone
• Manage your account through our mobile-friendly portal

Many of our customers complete the entire process during their lunch break or while commuting!

To complete your application, you'll typically need:

Personal Information:

• Government-issued photo ID (driver's license, passport, or state ID)
• Social Security Number
• Current address and contact information

Income Verification:

• Recent pay stubs (last 2-3)
• Bank statements showing direct deposits (2-3 months)
• Proof of employment (employer contact information)

Banking Information:

• Bank account number and routing number
• Recent bank statements

Additional documents may be requested depending on your situation (self-employment, multiple income sources, etc.).

Yes, your application progress is automatically saved. If you need to step away, you can return to complete it within a certain timeframe (typically 30 days).

However, we recommend completing your application in one session when possible to:

• Avoid having to re-enter information
• Get your decision and funding faster
• Ensure all your information is current and accurate

The entire process only takes 5-10 minutes, so it's usually easier to complete it all at once.