What Enova Told the SEC About Its Virginia Lending Settlement — $87 Million in Debt Forgiven
Enova’s NetCredit unit denied wrongdoing but forgave $87 million in Virginia loans. Here’s what its SEC filing says and what it means for you.
Enova’s NetCredit unit denied wrongdoing but forgave $87 million in Virginia loans. Here’s what its SEC filing says and what it means for you.
Before you take a loan with NetCredit, know how to research them. Here’s where to check CFPB complaints, NMLS licensing, enforcement history, and what to look for in Trustpilot reviews.
Quick Answer: NetCredit is a legitimate lender, but this consumer complaint highlights concerning practices where a borrower paid $6,800 on a $4,800 loan yet still owes $5,500. The high interest rates and fee structure can result in borrowers paying significantly more than the original loan amount.Consumer Statement: Net credit loaned me $4,800 in 2019 and …