Online Line of Credit up to $4,500

A line of credit is a type of revolving credit that gives you access to funds. If you’re approved, you’ll receive a credit limit — the maximum amount you can borrow. You can draw funds as needed (sometimes referred to as a cash advance) and have the money deposited into your bank account. You’ll repay the funds over time, typically only paying fees and interest on the amount you borrow. As you repay, your available balance replenishes, so you can draw again without reapplying for more funds. This makes a personal line of credit useful for providing quick cash to cover ongoing or unexpected expenses.

An installment loan provides borrowers with an upfront, lump sum payment that is repaid in smaller amounts over a set period of time. They typically come with a fixed interest rate and a bi-weekly or monthly payment schedule. With a personal loan, if you need additional funds, you’ll typically need to refinance or reapply for more. A line of credit is open-ended (more like a credit card). You borrow what you need, when you need it, and repay the balance over time.

When you check your eligibility, NetCredit and lending partner banks will perform a soft credit check, which won’t affect your FICO^® score. If you choose to accept an offer, we’ll do a hard credit inquiry as a part of final credit approval. This can cause a temporary dip in your credit score. However, NetCredit and lending partner banks report payment activity to the major credit bureaus, meaning your on-time payments can help you build your credit history. Your credit utilization can also affect your credit score, so keeping your balance at a relatively low level can help you maintain your credit.

New Applicants. If you’re approved and accept your offer before 11:00 a.m. CT Monday - Friday, and request a Cash Advance, your initial Cash Advance may be funded the same business day. Otherwise, you’ll typically receive your funds the next business day. In some cases, additional verification may be required.

Existing Customers. If you have an active line of credit and request a Cash Advance between 12:00 a.m. and 12:00 p.m. CT on a business day, funds are typically deposited into your checking account the same day. Requests made after 12:00 p.m. CT or on weekends will usually be deposited the next business day. Keep in mind that the exact funding time will depend on your bank.

For a full list of terms and definitions, visit the Line of Credit glossary page.

With a line of credit through NetCredit, you may qualify for up to $4,500. The exact Credit Limit you’re offered depends on several factors, including your income, creditworthiness, and state regulations. You can draw from your Available Credit in increments as low as $50 in many states, making it easy to manage smaller purchases or urgent bills.

Having a less-than-perfect credit score doesn’t disqualify you from being approved for an online loan or online line of credit. NetCredit and lending partner banks consider more than just your credit score when reviewing your application. Factors like your income, employment and overall financial picture are taken into consideration. This helps us approve those who may have been turned away by traditional lenders like banks and credit unions.

Line of credit Accounts through NetCredit include several components that impact the cost of borrowing, including your Cash Advance Fee and Statement Balance Fee. You’ll never be charged an application fee or a penalty for early payments, and all fees are disclosed clearly before you borrow in our fee table. Some Accounts may qualify for reduced fees through NetCredit’s Fee Saver reward.

Visit our Rates & Terms page to learn more. For a full list of terms and definitions, visit the Line of Credit glossary page.

A Cash Advance is a withdrawal from your available credit. When you request a Cash Advance, the amount (minus the applicable Cash Advance Fee) is deposited directly into your checking account, typically by the next business day. You can take a Cash Advance at any time as long as your account is in good standing and you have enough available credit. Once the funds are deposited into your checking account, you can use them however you need — including purchases made with your debit card or to make online bill payments.

For more information on Skip-a-Pay and Fee Saver rewards, visit the Line of Credit Rewards page. For a full list of definitions, visit the Line of Credit glossary page.

You can request a Cash Advance as often as you’d like as long as your Account is in good standing and you meet the requirements. To request a Cash Advance, you must:

• Have an open line of credit with at least $50^* in Available Credit.
• Payments on your Account are current, and your Account is not past due.
• Have a Cash Advance request that is at least $50^*.

^*Note: in Minnesota, the minimum Cash Advance is $1,450 and you must have at least this amount in Available Credit before requesting a Cash Advance.

For a full list of terms and definitions, visit the Line of Credit glossary page.

To request a Cash Advance, simply log in to your online account through NetCredit. Choose the amount you want to draw and submit your request. The funds will be sent to your linked checking account, usually the same or next business day depending on the time of your request and your bank’s processing speed.

For a full list of terms and definitions, visit the Line of Credit glossary page.

Yes. NetCredit offers two built-in rewards to help you save money and stay in control of your payments:

• Fee Saver. Make on-time Minimum Payments for six consecutive months, and your Cash Advance Fee will decrease by 1.25%. Keep it up, and you could reduce your fee to 0%.
• Skip-a-Pay. After 6 consecutive months of on-time payments, you will become eligible to skip a Billing Cycle’s Minimum Payment. This can offer extra breathing room when you need it most.

For more information on Skip-a-Pay and Fee Saver rewards, visit the Line of Credit Rewards page. For a full list of definitions, visit the Line of Credit glossary page.

In some cases, NetCredit may offer eligible customers a credit limit increase. If eligible, you’ll see an option in your online account to request an increase. Keep in mind that credit increases are subject to additional underwriting and credit review.

Each Billing Cycle, you’ll receive a Statement that outlines your balance, due date, and Minimum Payment. Your Minimum Payment is based on your outstanding Cash Advance Balance plus a Statement Balance Fee. The exact percentage and fee structure depend on your state and your Account’s terms. You can always choose to pay more than the minimum, and there’s no penalty for early repayment.

Visit our Rates & Terms page to learn more. For a full list of terms and definitions, visit the Line of Credit glossary page.

A line of credit through NetCredit is an open-end lending product that allows you to borrow funds from your Available Credit. This means active lines of credit will remain open indefinitely.

Inactive Accounts

In the event that your Account is deemed inactive because you do not have an Account Balance for a period of 365 consecutive days, it may be closed.

An Account will be deemed inactive if:

• No Cash Advances have been requested within the first 365 calendar days of opening an Account.
• An Account Balance has been $0.00 for 365 calendar days.

We will notify you at least 30 days prior to closing your Account for inactivity. If you do not take a Cash Advance within 30 days of notification, the account will be closed and you will no longer be able to request Cash Advances.

If your Account is closed due to inactivity and you later decide you would like to reactivate your Account, you will have to apply for a new Account.

If you have additional concerns about your Account, please email us at support@netcredit.com or call our Customer Support Team at (877) 392-2014.