NetCredit is one of the few online lenders that offers installment loans that can improve your credit score because it reports your payments. If you have a credit score below 580 and are struggling to find approval, NetCredit could be a viable option. But with interest rates and fees as high as 99.9% APR and limited state availability, another lender might be a better option.
Our lending experts reviewed over 250 personal loan and payday lenders before selecting these six loans like NetCredit. And we recently updated this page with more lower-cost options for bad credit borrowers. Consider these alternatives before you apply to make sure you get the best deal.
OppLoans is the most similar provider to NetCredit on this list. It's a short-term lender that offers installment loans as low as $500 with no minimum credit score. And it can help improve your credit score by reporting on-time repayments to all three major credit bureaus. But its minimum and maximum interest rates run higher than NetCredit, at 160% to 179%. And while it works in a few more states than NetCredit, OppLoans isn't available everywhere.
Not available in: Colorado, Connecticut, Georgia, Iowa, Maryland, Massachusetts, New York, South Dakota, Vermont, West Virginia
Integra Credit specializes in financing for bad credit borrowers, similar to NetCredit. Its installment loans range from $500 to $3,000 with between 10 and 21 months to repay the funds. These are more costly than NetCredit's personal loans, with rates ranging from 149% to 399%. And while the short loan terms and lack of prepayment penalties can help you save on the high interest rate, it also means your monthly payment might be higher than it would be with NetCredit. Integra only serves some states, so check to make sure it's available where you live before you apply.
Avant is a personal loan provider with slightly higher credit requirements than the other lenders on this list. But if you make its 580 credit score minimum, you could qualify for relatively low rates with a turnaround as fast as one business day. It's one of a handful of lenders that accepts self-employed income and is available in 46 states. Plus, with rates starting at 9.95% APR, you may not find a better deal elsewhere if you have good credit.
Not available in: Iowa, Kentucky, Massachusetts, Michigan, Montana, Virginia, West Virginia
Personal loans from $2,000–$35,000. If approved, the actual loan amount, term, and APR that a customer qualifies for may vary based on credit determination and other factors. Avant branded credit products are issued by WebBank, member FDIC.
Pros
Accepts self-employed income
Minimum credit score of 580
Maximum APR almost equivalent to NetCredit's minimum
Cleo is a cash advance app that, unlike NetCredit, provides interest-free advances up to $250. It also offers a credit building card to help boost your credit scores. To access both cash advances and the secured card, you'll need to subscribe to the Cleo Credit Builder Plan for $14.99 a month. Unfortunately, first-time users of the cash advance feature can only access up to $100, but using the secured card can unlock higher borrowing limits. But, with a maximum advance of only $250, borrowers who need more than that may want to consider loans like NetCredit or other lenders on our list.
Brigit is a financial wellness app that offers small cash advances on your next paycheck, in addition to a number of other services to build your credit and help you save. You can request advances as needed or sign up to have Brigit automatically advances funds when it looks like you're about to overdraft your account — saving you on overdraft fees.
There's no cost for standard transfers (one to three days), but you'll need to sign up for a monthly membership to qualify for an advance. The $8.99 to $14.99 monthly membership fee to $14.99 monthly price tag means that it may not be worth it unless you regularly need a small amount of cash to cover expenses between paychecks. You can also only borrow up to $250 per pay period, so skip this option if you need more funds.
Available in all states
Pros
No cost for standard transfers
Overdraft protection
Helps you save and build credit
Cons
Monthly membership fees
No advances over $250
Loan amount
$50 - $250
Interest rate type
Fixed
Loan Term
Until your next payday, but can extend
Turnaround time
2 to 3 business days or instant with a Premium subscription or for a fee.
Loan amount
$50 - $250
Turnaround time
2 to 3 business days or instant with a Premium subscription or for a fee.
This lender specializes in personal loans for bad credit borrowers. It's one of the few that offers secured loans to help lower your rate. It also accepts joint applicants, which can help you qualify for a better deal. But its rates start higher than most personal loan providers and you may have an origination fee as high as 10%. It's also the only provider on this list that isn't fully online. You have to visit a branch to sign your loan documents.
Not available in: Alaska, Arkansas, Connecticut, Massachusetts, Rhode Island, Vermont
Not all applicants will be approved. Loan approval and actual loan terms depend on your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). If approved, not all applicants will qualify for larger loan amounts or most favorable loan terms. Larger loan amounts require a first lien on a motor vehicle no more than ten years old, that meets our value requirements, titled in your name with valid insurance. Loan approval and actual loan terms depend on your state of residence and your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). APRs are generally higher on loans not secured by a vehicle. Highly-qualified applicants may be offered higher loan amounts and/or lower APRs than those shown above. OneMain charges origination fees where allowed by law. Depending on the state where you open your loan, the origination fee may be either a flat amount or a percentage of your loan amount. Flat fee amounts vary by state, ranging from $25 to $500. Percentage-based fees vary by state ranging from 1% to 10% of your loan amount subject to certain state limits on the fee amount. Visit omf.com/loanfees for more information. Loan proceeds cannot be used for postsecondary educational expenses as defined by the CFPB’s Regulation Z such as college, university or vocational expense; for any business or commercial purpose; to purchase cryptocurrency assets, securities, derivatives or other speculative investments; or for gambling or illegal purposes.
Borrowers in these states are subject to these minimum loan sizes: Alabama: $2,100. California: $3,000. Georgia: Unless you are a present customer, $3,100 minimum loan amount. North Dakota: $2,000. Ohio: $2,000. Virginia: $2,600.
Borrowers (other than present customers) in these states are subject to these maximum unsecured loan sizes: North Carolina: $7,500. An unsecured loan is a loan which does not require you to provide collateral (such as a motor vehicle) to the lender.
Example Loan: A $6,000 loan with a 24.99% APR that is repayable in 60 monthly installments would have monthly payments of $176.07.
Time to Fund Loans: Funding within one hour after closing through SpeedFunds must be disbursed to a bank-issued debit card. Disbursement by check or ACH may take up to 1-2 business days after loan closing.
NetCredit is suited for borrowers with less-than-perfect credit, like many of the alternatives we mentioned. However, you may be able to get better rates elsewhere — or at the very least, it’s worth a shot to check your rates with other providers. NetCredit’s APR offerings range from 34% all the way up to 99.9%, though they vary by state and some states are capped at 36%.
You can read our review of NetCredit to see if it’s a better choice for you than the alternatives.
Anna Serio was a lead editor at Finder, specializing in consumer and business financing. A trusted lending expert and former certified commercial loan officer, Anna's written and edited more than 1,000 articles on Finder to help Americans strengthen their financial literacy. Her expertise and analysis on personal, student, business and car loans has been featured in publications like Business Insider, CNBC and Nasdaq, and has appeared on NBC and KADN. Anna holds an MA in Middle Eastern studies from the American University of Beirut and a BA in Creative Writing from Macaulay Honors College at Hunter College, CUNY. See full bio
Anna's expertise
Anna has written 181 Finder guides across topics including:
Lacey Stark is a freelance personal finance writer for Finder, specializing
in banking, loans, investing, estate planning, and more. She has 20
years of experience writing and editing for magazines, newspapers, and
online publications. A word nerd from childhood, Lacey officially got her
start reporting on live sporting events and moved on to cover topics
such as construction, technology, and travel before finding her niche in
personal finance. Originally from New England, she received her
bachelor’s degree from the University of Denver and completed a
postgraduate journalism program at Metropolitan State University also
in Denver. She currently lives in Chicagoland with her dog Chunk and
likes to read and play golf. See full bio
Upstart looks beyond your credit history to things like your education and career path when considering you for a loan. Learn about similar online lenders.
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