Varies depending on your state of residence.
Depending on your state of residence, your personal loan might not be offered by NetCredit but through its partner lender, Republic Bank & Trust Company, Member FDIC.
You don’t necessarily need to be employed to get a $3,000 loan, though it helps. As long as you have a regular source of income, you can typically find a lender. Don’t have a bank account? Check out our no bank account loans guide.
What types of loans should I consider?
Installment loans. These loans that you pay back over three to 12 months are available to all credit types and don’t require collateral.
Auto title loans. Own a car? You might be able to get a slightly better deal if you have bad credit and put your car’s title up for collateral with an auto title loan.
Secured personal loans. You can also use other items that you own to back a loan from a personal loan provider for more favorable rates and terms.
How to find the right lender
Ask yourself these five questions to pick the best lender to apply with:
How quickly do I need the money? This can tell you whether to prioritize speed or cost.
What can I afford? Figure out how much you can afford to repay each month and use that to weed out lenders.
How is my credit? If you have a credit score below 600, your options are typically limited to installment or auto title loans.
Am I employed? Some lenders require you to have a job while others accept any regular income like government benefits.
How much does the loan cost? The easiest way to compare costs is to compare a loan’s APR, which includes both interest and fees.
Repayment flexibility. A number of lenders allow you to make repayments according to how frequently you get paid. If you can repay your loan ahead of time without being subject to an early payout penalty, you can save on fees and interest.
Account access. Most lenders allow you to access your account online, while others also offer phone account access.
Apply with bad credit. Having bad credit doesn’t mean you can’t get a loan. Most payday lenders will consider you for a loan with less-than-perfect credit.
Higher interest rates and fees than standard loans. Interest rates for bad credit loans are noticeably higher than most other loan types, so you may want to explore other options first. Payday loans and installment loans also tend to come with higher interest rates compared to more traditional secured and unsecured personal loans.
Higher repayments. Since payday loans and installment loans are paid rather quickly, the payments will be high when compared to other types of personal loans that can stretch over years.
Disreputable lenders. If any offer seems too good to be true, it probably is. Ensure the lender you’re applying with has a solid reputation by reading independent reviews and checking with your local government.
While there is no definite way to make sure a lender approves your application, it could help your application to keep the following tips in mind. $3,000 of debt is nothing to take lightly. Be sure you also understand the risks and know what to watch out for before you apply.
Tips for a good application
Establish eligibility criteria. Make sure you have a chance of approval before you start your application.
Go through your credit report. Understanding of your credit history will put you in a better position to know what loans you can and can’t apply for.
Limit your applications. Submitting too many applications can negatively affect your credit score. Instead consider prequalifying with multiple lenders.
What to watch out for
Avoid taking out a loan you’re know you won’t be able to repay on time — this can start a cycle of debt.
Avoid simply picking the first lender you come across. You could save money on interest and fees by comparing multiple lenders. Remember to consider all costs, including penalty fees for late payments.
The first step is to compare your options. After you find a loan, click on the “Go to Site” button. Once on the lender’s website, you can begin the application process.
Some lenders inform you of their decision in minutes, while other can take up to two business days. Expect to hear from the lender about their decision whether or not they approve your loan application.
There are a few things you should know about cash advances in order to make the right decision for you and your family.
First, you should generally only take out a cash advance in emergency situations because this type of loan is typically a short-term, one-time solution. If you have structural financial problems that cause you to have difficulty repaying debts, you should consider credit counseling.
Second, you’ll want to make sure you can repay your cash advance in a timely manner. Missing the due date on your repayment will result in additional charges. Avoid digging yourself into a deeper financial hole by taking on debt you can’t afford.
Third, before accepting a cash advance, be sure to read the lender’s terms and conditions carefully. It’s important to read the fine print so you know exactly what you are paying and when it is due.
This depends on the individual lender. When reviewing your loan contract, be sure to voice this question as some payday loan lenders charge extra fees for early repayment.
Funds are usually deposited into your bank account on the next business day. It ultimately depends on the lender and your bank.
Most lenders require applicants to have operational checking or savings accounts where they can transfer funds electronically.
While not all lenders report to the big three credit agencies that handle credit, some might choose to report late or missing payments. This is at the discretion of the lender.
The best solution is to contact your loan provider and inform them. Usually, the lender will be willing to extend the payment deadline and find ways to help you through difficult financial times.
Aliyyah Camp is a writer and personal finance blogger who helps readers compare personal, student, car and business loans. Aliyyah earned a BA in communication from the University of Pennsylvania and is based in New York, where she enjoys movies and running outdoors.
How likely would you be to recommend finder to a friend or colleague?
Very UnlikelyExtremely Likely
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.