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Best Bad-Credit Loan Lenders in New York

Using over 30 data points, MoneyGeek utilized that information to come up with a list of bad-credit loan lenders in New York. These data points include APR ranges, origination fees, late fees, prepayment penalty fees, loan amounts and repayment periods. We also reviewed different aspects that may impact your loan application. The most crucial factors are credit scores and debt-to-income ratio.

Based on our research, Upstart emerged as the best lender for a bad-credit loan in New York. Upgrade was the runner-up. Keep in mind that the best lender may vary based on your unique needs and financial profile.

Best Overall Bad-Credit Loan in New York: 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 York: 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 York for You

New Yorkers have an average personal loan debt of $17,892. Getting a personal loan is a serious commitment that lasts between two and five years. Before choosing a lender, it’s best to check your current financial status, household budget, credit score and debt-to-income ratio.

We recommend following these steps to ensure you choose the best bad-credit loan lender in New York for your needs.


Ask Yourself the Important Questions

Before selecting a lender, you must know your current financial status and identify how much money you need. Borrowing too little or too much may leave you in deeper financial trouble.

There are some key questions you need to ask yourself to make sure that you not only need a loan but that you find the right lender and take out the right loan for your funding needs. Take the time to ask yourself:

  • How much funding do I need?
  • What’s my credit score?
  • Can I afford the monthly payments?
  • Do I have existing debts?
  • Is my debt manageable through other means?

Do Your Research

Browsing the internet to find bad-credit loan lenders in New York or asking your friends and relatives will help narrow the search. It’s best to check lender-specific requirements, minimum and maximum loan amounts and if your current financial standing matches the requirements before making a decision. The right lender for you might differ from the ideal lender for a different borrower.

Using MoneyGeek’s resources will help you jumpstart your search for a lender. It is still advisable to do your own research to ensure you find the best option for you since our recommendations are based on a general borrower profile.


Read the Fine Print

Lenders provide different pieces of information throughout the application process. Some of these include rates and discounts that seem enticing. However, if you misunderstand the details, it may cost you more in the long run.

We advise that you read the fine print, if applicable, to see if there are other details not explicitly mentioned on the other parts of the website. This can help you save money in the long run by helping you avoid late fees or take advantage of autopay discounts.



Once you choose a bad-credit loan lender in New York, it’s time to step back and give yourself time to think about your final decision. A loan is a serious commitment that will affect your current monthly household budget and other plans for an average of two to four years.

These bad-credit loan lenders may provide helpful resources to help you further understand the implications of applying with them. If terms or jargon confuse you, use this time to clarify things with your preferred lender.



If you are confident about your decision, it’s time to start your application. Generally, lenders ask for proof of identification, your employment history and status, pay stubs, financial history and records, credit history and credit score.

Online lenders might be convenient for you since they won’t require you to visit a branch. But if your preferred lender doesn’t have an online application, you must visit their branch to process your application. This can be beneficial because you can get your questions answered as you complete your application.

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

There are instances that your loan application could be declined. Lenders deny loan applications if they notice lacking information or an inability to meet qualifying requirements. MoneyGeek advises you to ask your lender why your application was declined. This will help you understand what you need to improve on. If lenders say your documentation was incomplete, it’s best to submit them as soon as possible so your application won’t get delayed. Also, remember to fill out all the required fields in the application form.

Loan applications may get denied because of the loan amount or repayment period. You can consult your lender to shorten or lengthen the repayment term or modify the loan amount.

There are instances when you’ll see ads about payday loans. Although these are enticing and easy to apply for, they may cost you more in the long run. Payday loans come with higher interest rates and shorter repayment periods that can be detrimental to your debt and credit score.

Calculate Your Monthly Payment

Calculating your monthly payment will help you figure out how to manage your household budget and finances. MoneyGeek’s personal loan calculator will help you estimate how much you need to pay monthly.



+ $114.98


+ $8.33

Origination Fee Percentage


Origination Fee Fixed amount


Total monthly payment


FAQs About Bad-Credit Loans in New York

Searching for the best bad-credit loan lender in New York can be challenging. MoneyGeek answered the most commonly asked questions to help you in your search.


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MoneyGeek reviewed more than 30 personal loan lenders by using a minimum of 35 individual data points in six categories. These categories are accessibility, consumer friendliness, customer service, flexibility, lender transparency and loan affordability.

With every category, we factored in different data points that we think are the most important when selecting a personal loan lender. These factors include APR ranges, application fees, available loan amount, disbursement time, minimum credit score and income amount.

MoneyGeek prioritizes the needs of you, the consumer. We recognized different factors that may make your experience convenient. These factors included the lender’s customer support and satisfaction ratings, business ratings and unique features and benefits (e.g., mobile apps, online banking, prequalification, payment options and automatic payments).

Our top picks were carefully determined by prioritizing your best interests. These personal loan recommendations and expert tips strive to help you make wise financial decisions when finding the best lender for your needs and preferences.


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.