Bad Credit Loans in New York, NY


Best Bad Credit Loans in New York, NY

4.9/5 (Votes: 132)
What does Jora offer?
  • Loan amounts $500 to $2,600
  • APRs between 170% and 349%
  • Your request will be funded that same day
Example: in Missouri a $2,000 installment loan would require 48 bi-weekly payments of $179.54, which includes $6,618.50 of interest and an APR of 230%
4.9/5 (Votes: 85)
What does Bad Credit Loans offer?
  • Loan Amounts $500 to $5000
  • Rates from 5.99% to 35.99%
  • Repayment terms 3 to 36 months
Example: Borrowing $2000 over a 12 month period will cost you around $235 a month with a total cost of credit of $2400
4.8/5 (Votes: 124)
What does PersonalLoans offer?
  • Loan amounts $500 to $35,000
  • Rates from 5.99% to 35.99%
  • Repayment terms 3 to 72 months.
Example: Borrowing $4,000 over a 2 year period will cost you around $182.74 a month with a total cost of credit of $4,385.74.
4.3/5 (Votes: 67)
What does CashAdvance offer?
  • Loan amounts $100 to $1,000
  • You may qualify for a loan, regardless of credit type.
  • Quick connect customers with lenders
Cash Advance provides a free service that aims to quickly connect customers with lenders that offer loans that may work for them.
4.2/5 (Votes: 74)
What does Check Into Cash offer?
  • Loan amounts $50 to $1,000
  • Emergency Cash - Apply in minutes
  • Application is fast and easy!
Our advance loans are available depending on the state in which you live and are one of the easiest ways to get money fast when you need it most.
4.2/5 (Votes: 82)
What does Loan by Phone offer?
  • Loan amounts $100 to $1,500
  • Very simple loan application
  • Get money in as little as 24 hours!
All loan applications and requests are guaranteed confidential and all transactions are governed in accordance with the laws of your state of residence.

Where to Get a Personal Loans for Bad Credit in New York?

You can get personal loans with poor credit in 3 different ways

  • Online Lenders

  • Credit unions

  • Community banks and national banks

Both community and national banks have strict lending standards. For instance, Wells Fargo explains that borrowers can have difficulty getting an unsecured personal loan when their score is below 620.

Credit unions might have less-strict eligibility requirements. Some credit unions might lend you money despite your low credit scores. In fact, some credit unions have special programs for borrowers with bad credit history. A credit union is one of the best places to get a personal loan because the loans have more favorable terms.

You can also get personal loans for people with poor credit via an online lender. Some online lenders have qualification terms and requirements similar to traditional banks. Others provide high-interest loans for borrowers with low credit history. These lenders will review other factors such as your employment history or bank account.

Unfortunately, some online personal loan lenders advertising personal loans charge high-interest rates, making it difficult to pay back a loan. While this doesn’t mean you should stay away from online lenders, just make sure you know the loan you’re applying for.

How to Get Bad Credit Loans in New York, NY?

One way to receive personal loans for bad credit in New York, NY is through getting a co-signer. Here are a few questions you should ask before asking someone to cosign:

  1. Are you earning enough to support the loan amount you're taking out?

  2. Is your current salary and occupations table?

  3. A great for both you and your cosigner is to keep your debt-income ratio at 35-40% or less. Your debt-income ratio is your monthly payments divided by the monthly income.

  4. Will you be consolidating or paying off debt when taking this loan.

  5. You want to be sure you can afford and live with this new monthly payment.

  6. Are you planning a new life change such as moving out? Consider your expenses alongside this new monthly payment.

The last thing you want to do is damage a relationship over money. So make sure you find a cosigner that’s both trustworthy and reliable.

How to Change Your Credit History?

Focus on your payment history

Since the payment history is about 35% of your FICO score calculation, it has the greatest effect on score improvement, but past problems like late or missed payments are not easily fixed.

  • Beware that paying off collection accounts won’t remove it from your credit report: It stays on your credit report for 7 years.

  • Keep Track of your FICO Score: The longer you pay your credit bills after being late, the higher your FICO score will increase. Older credit issues count for less, so having a poor credit performance won't harm you forever. The impact of your previous FICO score fades as time progresses and as multiple good payment patterns are displayed on your credit report. And good FICO scores weigh any credit issues against the positive information that says you can manage your credit correctly.

  • Pay Your Bills on Time: Missed payments, even if it's only a few days late, and collections will reduce your FICO score.

  • Speak to a credit counselor or your creditor: This won’t build up your credit scores immediately, but if you can pay on time and manage credit, your score will increase over time. And getting assistance from credit counseling services won’t hurt your FICO scores.

Credit Use Tips

  • Have credit cards but manage them correctly: In general, paying off personal loans with bad credit in New York, NY and having credit cards will help rebuild your credit scores. For instance, someone with no credit cards will be a higher risk than someone who manages their credit responsibly.

  • A closed account won’t throw it away: A closed account might still end up on your credit history and have a negative impact on your score.

  • Apply for credit cards only when needed: Don’t open accounts hoping you’ll get a better credit mix - it won’t raise your credit score.

To summarize, fixing your credit score is more about fixing errors within your credit history (If they exist) and following the guidelines to have a good credit history. Raising your scores after having a poor mark on your credit history will take discipline and patience.

The Terms of the Bad Credit Loans in New York

If you have a credit score of 620 or above, you might be eligible for some bad credit loans. Upgrade offer loans occur for people with scores over 620. This is a good option if you want to clear up credit card debt.

Loan Providers in New York Based on Credit Score

Personal Loan



Credit Score

Loan Term

Origination Fees

Time For Funding





36-60 mo.


1-2 days





24-60 mo.


2-5 days





36-72 mo.


1-7 days





24-60 mo.


1 day





36-60 mo.


2-4 days

Based on the chart, your credit score will need at least a 660 or higher to gain the most opportunities with a loan. This means that if you have not established good credit, you might want to work on that first.

But the loan terms are very reasonable. With a 60 month maximum terms for a loan, you’ll have over five years to pay off the loan. Make sure that you pay your loans on-time to help keep your rates low and potentially increase your credit score.

Bad credit personal loans in NY have a maximum loan limit of 100,000. But, you'll need a credit score of at least 660+ to receive the offer. For smaller emergencies, you can take out a $1,000 as long if you have at least a 640 credit score.


Building good credit to qualify for a good loan takes time. If you need a loan right away and you have a low credit score, finding an online lender or credit union offering personal loans for people with bad credit is your best option.

Just make sure to compare the terms and rates of each loan to find what lending company is willing to work with you. And remember, if there are no lending options that are available, then its a better idea to wait and help build your credit.

You have to be active when seeking credit redemption. Make plans to focus on your unpaid balances, and speak to creditors to see what needs to be fixed. Within a few months, you’ll find that your score has improved by a few points.

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