Check your eligibility for a California bad credit loan up to $10,000 — without affecting your credit score.
California bad credit loans are available with a simple online application. Take charge of your finances when you need to borrow money at a fixed interest rate, over a fixed amount of time.
The terms of California bad credit loans depend on an array of factors. These loans are typically offered up to $10,000 and repaid from 12 months up to 5 years – you choose repayment terms to fit your life and budget.
If you need a California bad credit loan, don’t leave your home to find one, NetCredit offers online installment loans up to $10,000.
Read our review to learn about the pros and cons of a $10,000 California bad credit loan as well as what you need to qualify.
The application process is simple and secure. Get cash deposited directly into your account the next business day once approved. NetCredit does not have strict credit requirements, they consider your broader financial picture — not just your credit score.
Check your eligibility without affecting your FICO score. Select the loan amount and repayment schedule that works best for you. A personal loan can help build a positive credit history with timely repayment.
How does a California bad credit loan from NetCredit work?
NetCredit helps people who may have been turned down by banks but have the income to repay a personal loan. California bad credit loans can be difficult to find through direct lenders. With NetCredit you go straight to the source. The application is submitted directly at NetCredit’s safe and secure site and within minutes you have an answer.
NetCredit’s representatives are available to answer your questions: Monday – Friday 8am – 8pm Central Time and Saturday – Sunday 9am – 5:30pm Central Time. An online loan may be able to help right when you need it the most. A personal loan through NetCredit can be used for almost any situation – consolidate debt, unexpected expense, car repairs, home improvement, vacation.
Who is NetCredit?
NetCredit is a direct lender based in Chicago, IL. Founded in 2012, NetCredit offers access to personal loans in several states across the USA. NetCredit offers online personal loans to reliable people. Borrowers can get a loan and have the flexibility to repay it over a duration of time that makes sense for their lives and budget.
Build your credit.
A California bad credit loan can help you build your credit by adding a positive line of credit to your credit reports. NetCredit will report your monthly payments Experian and Transunion credit bureaus. To improve your credit, make sure you make all of your payments on time and never miss a payment. On-time payments will improve your credit scores over time.
100% online application and funding.
Application, loan documents and funding are completely processed online. As soon as you submit your application, you will receive an instant decision on your eligibility and the loan amount you qualify for. Once funded you can manage your account anytime online. Review your balance and make payments online at your convenience.
Choose your own terms.
Repay in fixed installments over time or pay off your loan anytime. It’s up to you.
Repay your loan early.
There is no penalty for repaying your loan early. Pay off the loan anytime without additional charges. Pay only the number of days you keep your loan, for example, if you pay off your loan in a month, you would only pay the finance charges accrued during the one-month period.
NetCredit loan details
- Minimum credit score: 550
- Checking account required
- Loans from $1,000 – $10,000 (loan amounts & rates vary by state)*
- No Application, Origination or Prepayment Fees
- Quick and Easy Online Application
- Build Credit History with Timely Payments
- Self-employment income okay
How long does it take to get loan funds?
The application process is quick, and you’ll know if you’ve been approved within minutes. If electronic funding is selected and your loan agreement is signed, submitted and approved, you could have funds in your bank account as quick as the next business day.
What are the APRs offered via NetCredit?
NetCredit offers a fixed APR personal loan product that ranges from 34% up to 150%. Your rate will depend on your credit scores, state you live in and how often you make a payment. As with most California bad credit loans, NetCredit’s interest rates are high due to a blemished credit history.
Does NetCredit charge an origination fee?
No, NetCredit does not charge a loan origination fee. A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically, fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.
Does NetCredit charge a late fee?
Yes, NetCredit may charge borrowers a late payment fee.
Does NetCredit charge prepayment fees?
Yes, NetCredit charges a loan origination fee of 0% to 5% of the loan amount. NetCredit deducts the fee directly from your loan amount before depositing your money.
How much can you borrow via NetCredit?
Loan amounts start at $1,000 and go up to $10,000.
What is the maximum loan term you can get with NetCredit?
NetCredit offers personal loans with terms ranging from 6 to 60 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
How to qualify for a loan with NetCredit?
NetCredit takes into account more than your credit score. They view a potential borrower’s ability to repay the loan based on current circumstances. While past credit history is important it’s not the only determinant.
Additionally, applicants should have the following:
- A credit score of at least 550
- An active checking account
- Must be 18+ years old.
- Must be a legal resident of the US.
- An active email account
- Personal information such as your Social Security Number and address.
- Monthly income from a job, self-employment or benefits like SSI, disability, unemployment check or retirement benefits.
- Financial information (such as information about your expenses like monthly rent or mortgage payment).
NetCredit doesn’t require you to have a set minimum income and doesn’t limit your income to what you earn from a job. If you have retirement, disability or unemployment income, you may still qualify for a loan.
Active duty servicemembers and their covered dependents cannot apply for a loan via NetCredit. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR. Only U.S. citizens can apply for a loan.
What is the estimated funding time for a personal loan via NetCredit?
NetCredit will typically provide a credit approval decision in less than an hour and fund the loan within 1 business days.
Pros of using NetCredit
- Quick application process. If you’re in a hurry, NetCredit’s application only takes a few minutes to complete, and you’ll know if you’ve been approved shortly after.
- No prepayment penalty. Pay off your loan early, NetCredit doesn’t have a prepayment penalty. This means you can pay back your full loan amount at any time, which will reduce the total cost of interest you’ll pay.
- Apply with bad credit. The people at NetCredit know everyone does not have good credit. But emergencies happen to everyone, even people with bad credit. NetCredit looks at more than just credit scores to approve loans.
- Use your loan as you see fit. If you’ve been approved, use your loan funds for just about any purpose, whether you need a car repair or pay down debt.
Cons of using NetCredit
- High costs. Like many California bad credit loans you’ll see high interest rates. This affects the total cost of your loan. But keep in mind you can pay off your loan early without any penalty charges.
What do customers say about NetCredit?
NetCredit received an average score of 8.8 out of 10 from reviewers on Trustpilot. Many customers cited the easy application and good customer service as reasons to go with the loan.