Fair to Bad Credit Loans in NYWe Find Lenders Who Lend To Bad Credit Borrowers ![]() Home > How To Apply > New York Last updated January 10th 2021 Commentary is for informational purposes only. See legal disclaimers here.Trouble Getting Approved in New York?It's hard when your credit is bad right? We can help, and in about 10 seconds you're going to see how. Enter your zip and credit score to get started! New York Usury and RegulationsSummary of New York Usury Law(s) / Quote: "Legal: 16% Contract: 6% but not clear as per the New York State documentation / Judgment: 9% / Corporate: No rate specified" (WeFindLenders.com endeavors to include the most up to date legal data for New York State, but no guarantee or warranty of any kind is expressed or implied as to the accuracy of said data. This data is not intended to be legal advice. For legal help speak with a lawyer in New York State, and/or contact the New York State government's division of banking and finance - legal statutes researched by FindLaw.com & American Lawyers Quarterly - see credits) Code § 5-501 (New York Usury Law Snippets of Interest) Quote: "1.) The rate of interest, as computed pursuant to this title, upon the loan or forbearance of any money, goods, or things in action, except as provided in subdivisions five and six of this section or as otherwise provided by law, shall be six per centum per annum unless a different rate is prescribed in section fourteen-a of the banking law. 2.) No person or corporation shall, directly or indirectly, charge, take or receive any money, goods or things in action as interest on the loan or forbearance of any money, goods or things in action at a rate exceeding the rate above prescribed. The amount charged, taken or received as interest shall include any and all amounts paid or payable, directly or indirectly, by any person, to or for the account of the lender in consideration for making the loan or forbearance as defined by the superintendent of financial services pursuant to subdivision three of section fourteen-a of the banking law except such fee as may be fixed by the commissioner of taxation and finance as the cost of servicing loans made by the property and liability insurance security fund." New York State Lenders By CityNYC NY / Albany NY / Poughkeepsie NY / Buffalo NY / Queens NY / Manhattan NY / The Bronx NY / Rochester NY / Syracuse NY / Staten Island / Yonkers NY / Jamaica NY / Brooklyn NY / Town of Hempstead NY / Rome NY / Oswego NY / Saratoga Springs NY / Oneida NY / Jersey City NY Complaints
to: New York Lender Service Area MapClick
or tap map image above for interactive version. Active lenders in WFL pool
serving New York State are based in New York State are based in NYC,
Staten Island, The Bronx, Manhattan, Poughkeepsie, Queens, Yonkers,
Brooklyn, Syracuse, Rochester, Buffalo, and Albany. Jason from Poughkeepsie had to get approved fast
for a $5000 dollar loan. He had bad credit due to his recent divorce,
and he was in a such a financial bind he couldn't even sleep at night.
His stress levels were so high he had to seek professional
help. He was only a week away from being evicted from his apartment
and he just couldn't get approved for a $5000 loan with any of the
banks or credit unions near him. He had to pull a rabbit out of his
hat soon or he was heading for the street. When he applied for a loan on one of our sites he
thought it was just a Hail Mary attempt at getting approved. Little
did he know that We Finder Lenders Inc. was the place he should have
started applying from outset. Just like so many borrowers we see on
our site(s), he made the mistake of applying online with any lender
he could find. From what we read in his Pre-App he likely applied
for a loan over a dozen times which had an immeadiate and devastating
affect on his FICO score. He was shocked to find his credit score has actually
dropped below 500. It's no surprise to anyone who understand consumer
finance, but unfortunately too many consumers in the United States
have never been educated on the subject. Regardless of how he ended
up in the throes of debtor hell, he had to deal with it lickiy split
or his next home was going to be a cardboard box on the street or
a homeless shelter in Poughkeepsie. Now, before I get carried away, Jason does have a
full time job working for travel agency. Only problem there was business
was way down for him. Before, during, and after his divorce he wasn't
able to focus on work. He was too preoccupied and stressed out to
focus. Furthermore, after he moved out he was on hook for child support.
Long story short, he was drowning in debt, and didn't even have enough
income to pay all his bills in full. After six months living on his
own (and walking through a fog of anxiety all day), he wasn't making
his minimum payments on his credit cards. For credit cards he had a Visa and a Citibank card.
Eventually this caught up with him and his credit score got pummelled.
He needed to get approved for this $5000 by the end of the week and
the APR on the loan had to be much less than what he was paying on
his credit cards. And while we're on the subject of his credit cards,
both of them were nearly at the maximum limit. Now interest was rolling
over and Jason felt like it wasn't going to be long before HE would
be rolling over. But then it happened. The morning after he applied for a loan using our
Pre-App he woke to three emails. Two emails were from a private lender,
and another from a credit union in the Bronx. He spoke with all of
them on the phone and weighed out all of his options. He took the
loan agreement with the lowest interest rate (14% in his case) and
finalized the private lender's documentation via email and phone.
I think in his case he used FaceTime to speak with one of the lenders,
which is happening more an more these days. He told us is closing review that the lender was
friendly and made him feel so much better after first speaking with
them that he slept better than he had slept in over two years. So for the sake of the math on Jason's bad credit
loan we can use our calculator (just below):
As stated above the calculator these results are just a rough estimate, because Jason's lender would be charging fees on top of the basic interest. We have no way of knowing what his true APR ended up being. Regardless, he was relieved and happy to not to get evicted. How Long Did It Take?Not long in Jason's case. Actual funding to his account took 4 business days, so yeah, just under the wire. This was a good outcome, and his luck started to turn around after that in a big way. A few months later he met a new love of his life and she was also recently divorced. The difference in her case was that she was stinking rich. He ended up moving in with her a little further upstate in Albany. His next step (with her persuasion and support) was to clean up his credit score and build up his trust level with his existing creditors. He got rid of all his credit cards accept for one pre-paid card, created a realistic budget, and worked out a deal with his ex-wife to look after the kids more in exchange for reducing his support payments. Once again, he was lucky on this one. Too often couples who get divorced just make things as miserable as possible for their ex-partner. If you live in the State of New York
and you're struggling with a bad credit rating we hope our website
helps you in some way. Andy Somerset Andy Somerset is the son of Lance Somerset who founded the We Find Lenders Pool. He writes for WeFindLenders.com whenever he's not working hard on his degree in finance. Debt Consolidation Loans in New YorkLast 5 debt service loans approved in the State of New York. Source: WFL Lender Pool. Updated Weekly. Principals rounded to the nearest $1000. Relative interest rates listed below in order left to right. $9000 $15000 $90000 $55000 $6500 11.97% 10.38% 11.47% 14.62% 8.03% Debt Consolidation Providers In NYDebt service providers: contact us for listing removal. Atlantic Bank NBT Bank of Syracuse M&T Bank Evans Bank Lower East Side People's FCU Melrose Credit Union Municipal Credit Union Fasny Federal Credit Union Buffalo Service Credit Union WIT Federal Credit Union Syracuse Federal Credit Union Cornell Fingerlakes CU NY Debt Consolidation Application FormAbout Debt Consolidation Loans In NYThere is are plenty of banks and credit unions in New York State that can help you with consolidating your debt, but your credit score will have to be at least in the "fair" range. If you have a low credit score you can use our service for applicants with bad credit. With our service your application is sent to over 500 lenders in the United States, including lenders in that only service consumers in the State of New York. Use the debt consolidation application form above to start your loan process. NY Consolidation Providers AreasClick
or tap map image above for interactive version. Bob and Brittni were a young couple at
the ages of 24 and 25 at the time of their loan request. They had debt
piled up so high they though they would never get out of the hole they
were in. It all started with student loans. They
were married young and both went to college and successfully got their
degrees. The problem was only Brittni managed to get a job with all of
her training. She was working full time in Rochester where she grew up.
Bob wasn't so lucky in that he didn't
find a job in his field of training (for security purposes they didn't
want us to mention their specific fields). He tried finding some basic
work that was at least in his field but he wasn't successful in doing
so for two years. Furthermore, they were spending money
faster than Brittini could earn it. A typical problem for MANY young people.
They feel almost invincible when they're in their early twenties. They
think they have forever to pay down their debt and they count on the decades
forward in which they feel they can earn plenty of money. Certainly enough
money to easily pay for their home, their cars, and all the extras. The problem is that debt compounds. So
unless you're household income is extremely high, it's easy to fall into
the debt trap like so many others. It's a huge problem in our society
and one that isn't talked about enough. We see every day first hand how devastating
consumer debt can be. We get emails and loan applications sent through
our system on a daily basis. Some of the situations are dire. Some people
are losing their homes, their vehicles, and even worse, they're losing
hope. On top of all that, if their credit rating
drops low enough, they can't get approved for a debt consolidation loan.
They start going online and often get exposed to predatory lenders. These
shady lenders promise to give them low interest loans with incredible
rates. So incredible it seems to good to be true.
And there is a reason why their offers "seem to good to be true". Because they're not. So this brings us to our service. What
we do is weed out all the garbage in the cesspool and find legitimate
lenders who don't abuse and manipulate desperate borrowers. Essentially, we've done the work for you,
and we don't charge you to use our service. It's 100% free to use. You
can apply for a consolidation loan using the form on this page and it
won't hurt your credit rating at all. This is what Bob and Brittni did. They
filled out their quick pre-app, waited two business days, and viola. They
had four different emails from lenders in their State. One was a credit
union, one was a bank, and two were private lenders. They chose the offer from one of the private
lenders. They signed the documents and the loan agreement after getting
it reviewed by a professional friend of theirs. By the next Monday afternoon
they had the money in their bank account. Below you can see the numbers
on their loan. Principal = $85000 You can see the interest on this loan
is over $51K. That's expensive, but at the time, it was a less expensive
option than what they were dealing with. The creditors they had were charging
a lot more than that. The good news is that Bob found a full
time job in his field of training soon after. They easily serviced this
new debt. If you live in the State of New York and
you're trying to get approved for a debt consolidation loan, we hope our
website helps you find a good lender and a low interest rate. Andy Somerset Andy
Somerset is the son of Lance Somerset who founded the We
Find Lenders Pool. He writes for WeFindLenders.com whenever he's not
working hard on his degree in finance. 1) Consumer Credit Counseling Services
of New York / 1635 Ridgewood Avenue / Brooklyn, NY 10013 / Phone: 917.336.3931 2) CCCS For Albany County New York
/ 1635 Ridgewood Circle / Albany, NY 12205 / Phone: 518.438.0833 3) Bencharge Credit Service of
New York / 237 Main Street / Poughkeepsie, NY
12601 / Phone: 845.471.2500 FAQ
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