NetCredit vs Longer Term Loans
TopConsumerReviews.com is a world-leading consumer product review site. We provide detailed reviews and ratings for thousands of products and services.
NetCredit vs Longer Term Loans
Disclosure: We are not compensated by companies for their reviews, but we may be compensated for links and advertisements on our website. Click here for details.
NetCredit is new to the personal loan business. This Chicago based company opened doors in 2012 and currently hold a strong A- Better Business Bureau rating. NetCredit offers unsecured personal loans between $1,000 and $10,000 to customers of all credit scores. The process of applying and obtaining a loan is completely online. There's no need to make an appointment and take time away from work just to fill out a loan application.
NetCredit provides the funds for all of the personal loans issued from this company. The process is very simple:
Interest rates are dependent on the loan size and your credit worthiness. Because of this, NetCredit does not publish their loan interest rates online. Loan payments back to NetCredit can be drawn automatically from your bank account and occur over time, based on the terms of the loan. Outside of interest, there are no associated fees with obtaining a loan at NetCredit. For those attempting to build back their credit, NetCredit does report payment history and activity to both Experian and TransUnion.
The only downside to working with NetCredit, at this time, is that they currently provide loans in only 13 states. While we believe they will be adding to the list over time, customers in states not supported by NetCredit will not be able to work with them until further expansion. However, if you are in a state that NetCredit does operate in, they offer a fast loan application and quick approval process. NetCredit is worth your consideration.
Longer Term Loans advertises itself as a service that matches people looking for personal loans of up to $25,000 with "today's top lenders". According to the Important Facts section at the bottom of the page, borrowers can expect these lending partners to have an APR range of 6.59% to 36% for an installment loan of at least 12 months. Of course, because Longer Term Loans is only a matching service, your actual loan amount and interest rate depends solely on the lending partners with whom you may be matched.
Unfortunately, that is the extent of the details provided by Longer Term Loans without actually completing their online application. There is absolutely no contact information provided - no email, phone number, or online contact form. Given that their application requires prospective borrowers to submit not only their Social Security Number but also their bank information (routing number, account number, and bank name), Longer Term Loans should have some way of reassuring their customers that their information will be safeguarded.
We were unable to find any reputation whatsoever for Longer Term Loans: no rating with the Better Business Bureau, no customer reviews, no presence on social media platforms.
For all of these reasons, we recommend you choose a different lending partner for your personal loan needs. Longer Term Loans just doesn't offer enough information to be sure that your personal details will be in good hands after the application is complete.
To help you find the Best Personal Loans, TopConsumerReviews.com provides you with an in-depth comparison of NetCredit and Longer Term Loans.
Are you in need of some cash? Historically, borrowers have had limited options for a personal loan. You could ask a family member, a friend, or find a personal finance company that offered fixed-rate loans, typically at exobrtantly high interest rates.
Today, however, finding a personal loan brings several more options to the table. While you can still ask a family member, or get a high-rate loan from a finance company, you can also consider using a social lending network. These networks, also called peer-to-peer loans, generally have much lower overhead and as a result can offer much lower interest rates. They're facilitated by professional companies familiar with this type of lending, to simplify things for all parties.
No matter where you borrow money from, before you get your next personal loan you should consider the following:
TopConsumerReviews.com has reviewed and ranked the best online personal loan providers available today. We hope this information helps you find the best loan at an affordable rate that meets your needs!
Personal Loans In The News
Dar es Salaam - Personal loans grew by 56 per cent during the third quarter of this year ended in March from a contraction of 4.9 per cent during the first quarter of last year ended in March. This situation shows how commercial banks are currently ...
Published: Wed, 13 Jun 2018 05:06:00 GMT
While Worldpay's total borrowings did not change as a result of these activities, the amendment further diversifies the Company's currency mix within its debt structure by establishing a new class of Term A Loans (A-6) of approximately £488 million ...
Published: Fri, 22 Jun 2018 06:53:00 GMT
Currently unemployed and thinking of starting your own business Once in a while, a business opportunity that's too attractive to pass up comes along, like a profitable food cart franchise or a ride sharing business. The problem is, you don't have ...
Published: Sat, 09 Jun 2018 17:00:00 GMT
Personal loans can be a quick fix for people who need cash in a flash. But with the promises of a nearly instantaneous money infusion, people can be biting off more than they can chew and not even realize it until it is too late. According to www ...
Published: Fri, 20 Apr 2018 06:17:00 GMT
"Last year, we were pre-occupied in addressing the challenges posed by demonetisation. There is no baggage this year and we would now like to take off," Ghosh told ET. Ujjivan Small Finance Bank is all set to begin two-wheeler financing and personal loans ...
Published: Fri, 11 May 2018 01:03:00 GMT
Dar es Salaam - The share of personal loans to commercial banks' total credit to various economic activities is on the rise as lenders shift to salaried workers to increase their profits amid declining yields on government securities. The Bank of ...
Published: Tue, 29 May 2018 02:41:00 GMT
When you're strapped for cash, a personal loan may seem like an obvious solution. If personal or consumer lending companies or banks are calling you, unpaid bills are stacking up, and the refrigerator is as empty as your bank account, you might decide to ...
Published: Sat, 24 Mar 2018 00:49:00 GMT
MANGALURU: Banks are deploying credit over-enthusiastically in retail finance like personal loans, credit card overdrafts, vehicle loans etc, while witnessing negative growth in key infrastructure sectors like telecom, power and roads, an ASSOCHAM paper ...
Published: Sun, 20 May 2018 18:05:00 GMT
- View Full Site -
Reproduction in whole or in part in any form without the express written consent of TopConsumerReviews.com, LLC is strictly prohibited.