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Best Bad-Credit Loan Lenders in New Jersey

MoneyGeek analyzed the best lenders for borrowers with bad credit in New Jersey using 30+ data points. We reviewed lenders based on APR ranges, repayment terms, loan limits and minimum requirements. We also considered customer satisfaction ratings and user experiences to help you find the best lenders in New Jersey.

Overall, Upstart emerged as the best option for bad-credit loans in New Jersey, with Upgrade as the runner-up. However, individual factors like your financial history and specific needs may impact the best lender for you.

Best Overall Bad-Credit Loan in New Jersey: Upstart

  • Upstart

    • 3.22% to 35.99%APR Range
    • 300Minimum Credit Score
    • $1,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Next DayTime to Receive Funds


Runner-Up for Best Bad-Credit Loan in New Jersey: Upgrade

  • Upgrade

    • 5.94% to 35.47%APR Range
    • 560Minimum Credit Score
    • $1,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Same DayTime to Receive Funds


How to Choose the Best Bad-Credit Loan in New Jersey for You

On average, the personal loan debt in New Jersey is $17,798, so you are certainly not alone in seeking this type of loan. However, individual factors like your credit history, income and debt-to-income ratio will impact loan limits, APRs and other terms. Although bad credit can impact your ability to borrow, it is still possible to get bad-credit loans in New Jersey.

MoneyGeek recommends following these steps when looking for the best loans for your profile.


Ask Yourself the Important Questions

To determine what the best loan for you is, it is important to first ask yourself the following questions:

  • How much funding do you need? Start by figuring out how much you need to borrow so that you can find a lender who will meet your needs.
  • What is your credit score? Your credit score is an important factor in how much you qualify to borrow as well as other factors like APRs and repayment terms.
  • Can you afford the monthly payment? Assess whether you can afford to make the monthly payments required to service a loan. This will ensure you do not take on more debt than you can handle.
  • How much debt do you already have? Consider your existing debt and evaluate whether taking out a loan is the best decision for your finances.
  • Is your debt manageable through other means? Consider whether there are other financing options available to you, like using a credit card with a 0% intro APR.

Do Your Research

If you have bad credit in New Jersey, you can use MoneyGeek’s guide to find the best lenders for your profile. However, each borrower’s situation is unique, so it is important to do your own research and find a lender that suits your particular situation and needs.

It pays to compare lenders since factors like APRs, minimum requirements, loan fees and terms can vary widely. Doing your own research will help you find the most affordable loans available based on your profile. You should also check the lender’s user ratings to get an indication of the kind of customer service you can expect from the lender.


Read the Fine Print

Before taking out any loan, it is important to ensure that you have understood the terms and conditions that apply. You can miss important details if you overlook the fine print, which can end up costing you in the long run.

Make a point of understanding any applicable fees, such as late fees, prepayment penalties or origination fees. These costs will impact the overall cost of your loan, so it is important to ensure that you are aware of them beforehand. Always seek clarification from the lender if there are any unclear terms or rates that you do not understand.



Loans are long-term commitments, so it is best to ensure that you are not making an impulsive decision. Take a day or two before applying to weigh the implications of the loan on your finances. This will also give you time to explore and compare other options so that you can make the best financial decision for your situation.

Consider how the loan will impact your finances in the long term and ensure that you will be able to afford the monthly payments.



Once you have settled on the best lender for your needs, you can proceed to submit your loan application. Most lenders have a quick online application process that you can complete in minutes, but you will still be required to provide identification documents and financial statements. Gather all your documents and ensure that you fill in the application correctly to facilitate quick processing and approval.

You can reach the lender via phone or online for help with the application. Some lenders also have in-person application options.

What to Do if You Can’t Get a Bad-Credit Loan in New Jersey

Lenders may sometimes decline applications for bad-credit loans, but this should not cause you to despair. In most cases, factors that cause you to be declined can be fixed with time.

Lenders may decline your application for reasons such as failing to meet the minimum income or credit score requirements, having a high debt-to-income ratio or other reasons. Make a point to find out the exact reason why you were declined by the lender. This will help you figure out what you need to improve on for your applications to be successful in the future.

MoneyGeek advises against re-applying for a loan immediately after being declined. It is best to first improve on the factors that caused you to be declined before re-applying. Payday loans are also not a good alternative since such loans carry exceptionally high interest rates and may have very short repayment periods.

Calculate Your Monthly Payment

Personal loans are paid back in monthly installments that include the principal and interest, so figuring out how much you will need to pay monthly can help you plan better. You can use MoneyGeek’s personal loan calculator to get an estimate of your monthly installments.



+ $114.98


+ $8.33

Origination Fee Percentage


Origination Fee Fixed amount


Total monthly payment


FAQs About Bad-Credit Loans in New Jersey

The best lender for borrowers with bad credit in New Jersey will depend on the borrower's profile and needs. MoneyGeek answered frequently asked questions to help you learn more about bad-credit loans in this state.


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MoneyGeek’s analysis of the best lenders for bad-credit loans in New Jersey reviewed 30+ personal loan lenders. We used more than 35 individual data points across six key categories to rank lenders, including loan affordability, accessibility, consumer friendliness, customer service, flexibility and lender transparency.

For each ranking category, MoneyGeek factored in the most significant data points that consumers consider when choosing a personal loan lender. These data points include interest rates, loan limits, funding times and minimum requirements for credit scores and income.

MoneyGeek focuses on your needs as the consumer, so our analysis also considers factors that affect user experiences, including the lender’s customer support and business ratings. We also consider additional tools and features that deliver a better user experience, including prequalification, payment options and the availability of mobile apps.

Our top picks are chosen after careful consideration to help you make smarter financial decisions when looking for a lender that will meet your needs best.


The content on this page is accurate as of the posting/last updated date; however, some of the rates mentioned may have changed. We recommend visiting the lender's website for the most up-to-date information available.

Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, lender or other entity. Learn more about our editorial policies and expert editorial team.