NetCredit review: is NetCredit legit?
NetCredit is a legitimate online installment lender, and Enova International, Inc. is the company behind it.
- APR
- 34.99% to 99.99%
- Amounts offered
- $1,000 to $10,000
- States
- 38 states
- Complaints to the CFPB
- 6,080counts every Enova International product
- Enforcement actions
- 2
NetCredit on file
- Owner
- Enova International, Inc.
- Issued by
- In some states Quill Bank or Republic Bank & Trust Company lends; in Alabama, Delaware, Georgia, Idaho, Illinois, Louisiana, North Dakota, New Mexico, South Dakota, Utah and Wisconsin a NetCredit family company does
- Product
- You can get installment loans or a line of credit, and partner banks issue some of these
- Repayment length
- 6 months to 60 months
- Credit checks
- A soft pull checks eligibility with no FICO impact; accepting an offer triggers a hard inquiry
- Time to get the money
- same day for weekday approvals made before 1 p.m. CT; if not, usually the next business day
Taken from what NetCredit publishes, CFPB complaint counts and public enforcement files. All sources are listed at the foot of the page
The cost of $1,000 at NetCredit
$1,311.01
At the highest APR NetCredit publishes, 99.99%, a $1,000 loan repaid in 6 monthly payments (NetCredit offers that term) works out to about $218.50 a payment: $1,311.01 back in total, of which $311.01 is interest.
This estimate uses the highest published APR and is no offer; the rate you get turns on where you live and on your credit. NetCredit gives this example: A typical Minnesota example: a personal loan of $4,500 at 65% APR repaid over 50 months, with $262.53 monthly payments.
Good to know about NetCredit
- Enova, a large public online lender, owns this company and also runs CashNetUSA.
- You can borrow up to $10,000 for as long as 60 months, which is longer than most high-cost lenders allow.
- With a cap at 99.99%, APRs stay below those of triple-digit tribal lenders.
- The named bank partners are Quill Bank and Republic Bank & Trust; in many states, one of them is the actual lender.
- Two CFPB orders from 2019 and 2023 address unauthorized account debits by parent Enova.
States where NetCredit lends
NetCredit names 38 states on its own site. Each link opens that state's payday and small-loan rules as general background, not a ruling on NetCredit's own loans, which may come under a different state law or a partner bank. 10 of them cap small-loan rates, marked capped.
- Alabama
- Alaska
- Arizona (capped)
- Arkansas (capped)
- California
- Delaware
- Florida
- Georgia (capped)
- Hawaii
- Idaho
- Illinois (capped)
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana (capped)
- Nebraska (capped)
- Nevada
- New Jersey (capped)
- New Mexico (capped)
- North Carolina (capped)
- North Dakota
- Ohio
- Oklahoma
- Rhode Island
- South Carolina
- South Dakota (capped)
- Tennessee
- Texas
- Utah
- Virginia
- Wisconsin
- Wyoming
NetCredit complaints and lawsuits
The CFPB database lists 6,080 complaints naming Enova International, Inc, a count for the whole company rather than NetCredit alone. Most common issues: your report contains wrong details; you were charged fees or interest that you did not expect.; they tried to collect a debt you do not owe. Check the CFPB count
- 2019 · CFPBUnder a CFPB consent order, Enova was found to have debited consumers' bank accounts without authorization. It also ignored granted loan extensions; the penalty was $3.2 million. Source
- 2023 · CFPBA $15 million penalty plus redress came after the CFPB found Enova, operator of NetCredit and CashNetUSA, violated the 2019 order via unauthorized debits. The order ended in 2025 Source
Want a cheaper loan than NetCredit?
Talk to a specialist about lower-cost choices in your state, credit union loans included. Talk to someone about cheaper options: 855.947.5189
This line reaches a debt and loan options specialist. We are not NetCredit and cannot reach your NetCredit account.
NetCredit alternatives: loans like NetCredit
| Lender | Type | APR | Amounts | States named | CFPB complaints |
|---|---|---|---|---|---|
| NetCredit (this record) | Online installment lender | 34.99% to 99.99% | $1,000 to $10,000 | 38 | 6,080counts all of Enova International |
 OppLoans | Online installment lender | 99% to 195% | $500 to $5,000 | 41 | 2,172 |
 Fig Loans | Online installment lender | 190% to 279% | $50 to $800 | 6 | 422 |
 Rise Credit | Online installment lender | 60% to 299% | $500 to $5,000 | 31 | None filed |
 CreditNinja | Online installment lender | – | $300 to $5,000 | – | 308 |
– means the company does not publish it. Complaint counts are totals, not rates: a bigger company draws more. Open any name for its full record.
Questions about NetCredit
Is NetCredit legit?
Operated by Enova International, Inc, NetCredit is a real online installment lender. It publishes APRs of 34.99% through 99.99% for loans from $1,000 up to $10,000. We found 2 court or government actions, while the CFPB database lists 6,080 complaints filed against Enova International, Inc.
Who owns NetCredit?
Enova International, Inc. The loan's named lender changes with the state: Quill Bank covers some states, Republic Bank & Trust Company covers some states, while a NetCredit family company covers Alabama, Delaware, Georgia, Idaho, Illinois, Louisiana, North Dakota, New Mexico, South Dakota, Utah and Wisconsin.
Does NetCredit check your credit?
According to NetCredit: a soft pull checks qualification (no FICO impact), but accepting an offer triggers a hard inquiry.
How fast does NetCredit send the money?
NetCredit gives this timing: same day for weekday approval before 1 p.m. CT, otherwise generally the following working day.
Has NetCredit been sued or fined?
2019, CFPB: A consent order found Enova took unauthorized bank debits and ignored granted extensions, resulting in a $3.2 million penalty. 2023, CFPB: The CFPB determined Enova, which operates NetCredit and CashNetUSA, violated the 2019 order via unauthorized debits; the penalty was $15 million plus redress. The order terminated in 2025.
Where the NetCredit facts come from
- According to the CFPB, NetCredit serves as a brand for Enova International, Inc; The CFPB issued a 2023 order targeting Enova because it breached the 2019 order; In 2025, the CFPB closed the 2023 orderconsumerfinance.gov
- Range of APR for personal loans; Range of amounts for personal loans; Range of terms for personal loansnetcredit.com
- Republic Bank & Trust Company makes some loans.; Quill Bank makes some loans.; States where a NetCredit company lends without a bank partner.netcredit.com
- Typical loan example published on the Minnesota page; APR shown in the Minnesota example; Monthly payment shown in the Minnesota examplenetcredit.com
- Total CFPB complaints for Enova International, Inc., the parent company under which the CFPB lists NetCreditconsumerfinance.gov
- 2019 CFPB consent order targeting Enovaconsumerfinance.gov