Best Personal Loans for Good and Bad Credit in New York of November 2022


There is no shortage of funding sources in New York, with the main draws being online lenders, banks, and credit unions. Each lending institution has its eligibility requirements, APRs, borrowing terms, and max loan amount limits for borrowers of all types, from no/limited credit to stellar 700+ credit score holders.

After researching a little more than 100 NY-based lenders (~80 small/medium/large banks, ~40 credit unions, and ~15 online lending platforms) and carefully examining their pros, cons, amount, APR, terms, credit scores, and overall performance, we put the best below:

Lender: Loan Amount: APR: Min. Credit Score: Best For:
Upstart $1,000 – $50,000 3.09% – 35.99% 300 Low credit scores, high DTI ratios
SoFi $5,000 – $100,000 5.74% – 20.28% 680 No-fee unsecured loans
Upgrade $1,000 – $35,000 7.46% to 35.97% 560 No prepayment fees on an unsecured loan
ZippyLoan $100 – $15,000 12.00% – 35.99% 0 Bad or no credit
Citibank $600 – $50,000 9.99% to 23.99% Undisclosed Citibank customers
Santander Bank $5,000 – $50,000 As low as 6.99% Undisclosed Santander Bank customers
Wells Fargo $3,000 – $100,000 5.74% – 19.99% 660 Wells Fargo customers
Alliant Credit Union $1,000 to $50,000 6.24% – 27.24% 640 People who prefer online-only banks
First New York Federal Credit Union $500 to $25,000 6.74% – 11.75% Unspecified Upstate New York residents
New York Municipal Credit Union $1,000 to $50,000 6.95% – 14.95% Unspecified Best for debt consolidation

Those who want to find all loans in one place can visit our marketplace:

ElitePersonalFinance allows you to compare quotes from multiple lenders. Make a well-informed decision with insights from our top finance experts from ElitePersonalFinance.

Why Should You Trust ElitePersonalFinance’s Guides?

ElitePersonalFinance’s guides are a by-product of extensive research and hands-on testing, written and verified by staff with more than ten years in the industry.

We constantly compare terms, rates, APRs, and fees from multiple lenders, providing only the most up-to-date information on our publication. Therefore, only reputable companies have a chance of being featured (goodbye, payday and outrageously high APR lenders!)

Know a lender not listed here that you highly recommend? Then, contact one of our ElitePersonalFinance experts by emailing – and lend us a hand!

Best Personal Lenders in New York of November 2022

After our exhaustive review of more than 100 New York-based lenders, we narrowed down our choice to the following based on the strength of terms, rates, APRs, and fees. All information is current as of November 2022.


Upstart is an excellent choice for New Yorkers with excellent, good, or bad credit for a wide range of loan options. Loan APRs range from 7.46% – 35.97%, with repayment terms of 36 to 60 months, with funds deposited to your account in as little as one business day.

With 714 the average credit score in Manhattan (Experian), capturing the low end of the APR range (4.6%) is an excellent deal. However, Upstart is equally suitable for no to low credit score borrowers with instant approval.

Our only knock on Upstart is its higher-than-average origination fees (up to 8.99%) and 5% late fees ($15 minimum). However, 5% late fees are typical of online lending platforms, so we’ll let it pass.

Qualifying for an Upstart loan is easy. Applicants must be 18 or older with U.S. citizenship/permanent residency, a social security number, a bank account, and a U.S.-based address.

Meet all of these criteria? The next step is to complete a short online questionnaire, provide your contact information and income/employment status, and submit your application. Then, Upstart will perform a soft pull inquiry before presenting your approved rates, terms, and conditions.


  • No permanent fees
  • Low minimum income ($12,000)
  • Funds in as little as one business day


  • Origination fees of up to 8.99%
  • A late fee of 5% ($15 minimum)
  • No shorter loan terms than 36 months

The impact of COVID-19:

If you need to pause your loan payments because of the pandemic or other financial difficulties, avoid bad credit by submitting an online request through Upstart’s website. You may also call Upstart at (855) 451-6753.

For more information on late Upstart payments, visit Upstart – What happens if I am late?


In business since August 2011, with 49 states served to date, SoFi is best reserved for New Yorkers with a minimum credit score of 680 who want access to a wide range of loan amounts and longer repayment terms of up to seven years. These loans can be used to pay for all expenses, including home projects and credit card debt.

APRs range from 7.99% to 23.43%. We love SoFi’s extra perks, such as a 0.3% discount when enrolling in autopay. It also disburses funds in as little as one business day upon loan approval. Our only knock on the platform is its higher-than-average gross income requirement of $50,000.

Unlike ZippyLoans, SoFi offers no origination fees and no prepayment penalties. In addition, its website is super easy to use, with rates viewable in as little as 60 seconds without hitting your credit.

Look to SoFi if you have a high credit score/good credit and lower-than-average APRs than your typical credit cards.


  • 0.3% autopay discount
  • Includes unemployment protection
  • No origination fees or prepayment penalties
  • Higher-than-average maximum loan amount ($100,000)


  • Minimum credit score of 680
  • High required gross income ($50,000)
  • No option for co-signers to enroll

The impact of COVID-19:

SoFi’s Special Handling Team was instrumental in supporting those affected by the pandemic. If you want to learn more about SoFi’s forbearance options, call (855) 456-7634.


Personal loans made through Upgrade feature Annual Percentage Rates (APRs) of 7.46% – 35.97%. All personal loans have a 1.85% to 8.99% origination fee, which is deducted from the loan proceeds. The lowest rates require Autopay and paying off a portion of existing debt directly. Loans feature repayment terms of 24 to 84 months. For example, if you receive a $10,000 loan with a 36 – month term and a 17.59% APR (which includes a 13.94% yearly interest rate and a 5% one-time origination fee), you would receive $9,500 in your account and would have a required monthly payment of $341.48. Over the life of the loan, your payments would total $12,293.46. The APR on your loan may be higher or lower, and your loan offers may not have multiple term lengths available. The actual rate depends on credit score, credit usage history, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed-rate loan. There is no fee or penalty for repaying a loan early.

Started in 2016, Upgrade comes highly recommended if you have a low credit score and are looking towards debt consolidation in New York. All debt consolidation loans through Upgrade pay out each creditor directly with no funds deposited to your bank account. It’s an excellent way to stay accountable and on top of your finances.

However, Upgrade does differ from SoFi in three ways. One is its higher origination fees (2.99% to 8%), shorter loan amount range ($1000 to $50,000), and lower minimum required bad credit score of only 560. Its APR range also edges slightly higher (5.94% to 35.47%), albeit with reasonable repayment terms of 36 to 60 months.

With Upgrade, funds are automatically disbursed in as little as same-day, straight to your creditors. Other perks include a 1% automatic payment discount, an intuitive mobile app, and a 15-day grace period before late fees kick in.

Look to Upgrade if you have high DTI ratios and are looking to consolidate a minimum of two loans with all payments handled directly to creditors.


  • Intuitive mobile app
  • 1% automatic payment discount
  • Low credit score requirement (560)


  • Low $50,000 loan limit
  • Origination fees of up to 8%

The impact of COVID-19:

Upgrade helped a lot of good credit and bad credit borrowers with loan assistance throughout the early stages of the pandemic. Some relief may be available. To learn more about Upgrade’s forbearance programs, email or call (844) 319-3909.

Zippy Loan

ZippyLoan is an online platform that aggregates real-time quotes from hundreds of lenders. It’s best for N.Y. residents with all credit types (good to bad credit) looking for a wide range of loan types, with loan amounts by participating lenders ranging from $10 to $15,000. Each lender sets its own APRs (12.00% – 35.99%) and repayment terms of six months to five years.

Since ZippyLoan is not a direct lender like a traditional bank or credit union, it issues no origination fees or credit checks. Instead, all terms and fees are mandated by each respective lender.

The ZippyLoans application process is very straightforward. Complete an online application, preview a list of compatible lenders, and agree to loan terms with your preferred lender before e-signing any loan agreement. Depending on the lender, funds should go to your bank account in as little as one business day.


  • Soft credit inquiry
  • No maximum credit score required
  • Quick funds (in as little as one business day)


  • Little secured loan availability
  • No guarantee of a loan match

The impact of COVID-19:

Since ZippyLoan is an online marketplace connecting prospective borrowers to lenders, forbearance and hardship programs fall under each lender. Please refer to your lender’s page for any forbearance options.

What Are The Best Banks and Credit Unions for Personal Loans in New York?


Short for Pentagon Federal Credit Union, PenFed is one of the most well-known credit unions in the country. It is best for New Yorkers with average credit scores (minimum: 600) looking for smaller loans in the $500 to $500 range or a co-borrower option.

Eligibility requirements for a PenFed personal loan are straightforward. All borrowers must be 18 or older with a U.S. citizenship/social security number and a minimum credit score of 600. If you do not have a good credit score, PenFed offers joint and secured loan options using co-borrowers. Add a higher income/credit score person, such as a parent, to a plan and enjoy better rates.

Our only knock on PenFed is that you have to be a member. However, that’s the same case as Alliant Credit Union and accurate for all credit unions. It’s also easy to deposit $5 to a savings account to qualify for any personal loan.

All in all, look to PenFed if you have a less-than-stellar credit score and prefer to work with a co-borrower to enjoy higher APRs.


  • Co-signer option
  • Minimum credit score of 600 required
  • Excellent loan amount range ( $500 to $50,000)


  • Need to be a PenFed member

The impact of COVID-19:

PenFed has a dedicated page with instructions on how to submit a hardship application to Loss Mitigation Analysts who will review your case. Lets avoid bad credit. Visit PenFed’s Financial Hardship Center to learn more.

Wells Fargo

One of the largest banks in the country, Wells Fargo is an excellent choice for New Yorkers with a minimum credit score of 690 seeking excellent APRs on unsecured and secured personal loans.

For example, borrowers with good credit can enjoy interest rates on a 1-year loan from 9.47% to 11.96%.

We love Wells Fargo’s competitive APRs (5.74% – 21.74%) and longer repayment periods of 12 to 84 months. Another benefit is its 0.25% relationship discount for existing customers who enroll in autopay.

Qualifying for a Wells Fargo personal loan is easy. You must be a current Wells Fargo customer 18 years or older with a 690_ credit score, maximum DTI ratio of < 43%, and currently employed. Approvals for loans usually wrap up within three business days, with some approvals occurring within minutes.

Look to a Wells Fargo loan if you have excellent credit and are looking for a sub 6% APR, an impressive rate.


  • Solid APR range (5.99% – 19.99%)
  • No loan origination or prepayment fees
  • 0.25% relationship discount for autopay enrollment


  • Hard credit pull
  • Insufficient funds/late payment fee of $39

The impact of COVID-19:

Call Wells Fargo at (866) 828-5047 if you are interested in payment deferrals for qualifying lending products such as personal loans.

Santander Bank

Spain-based Santander Bank is an excellent choice for those with good credit seeking personal loans between $5,000 and $50,000 who are looking toward debt consolidation to fund major expenses. It offers a well-rounded set of perks, starting with rates as low as 6.99%, same-day funding, and generous three to seven-year repayment periods.

Compared to Prosper and Citibank, Santander offers more load amounts and lower APRs.

We love the fact Santander Bank is one of the most fee-less lenders we’ve come across, charging no origination, closing, or prepayment penalties. In addition, when setting up automatic payments, you can also enjoy a 0.25% savings on your rate.

Other perks available to Santander Bank customers include an interest rate discount in exchange for autopay enrollment and fixed interest rates on all personal loans.

As for minimum qualification requirements, Santander Bank must explicitly state them on its website. However, you must have a source of income.


  • No prepayment fees
  • Rates as low as 6.99%
  • Interest rate reduction of 0.25% for autopay customers


  • No co-signer option
  • Longer-than-average funding time
  • Must be an existing Santander Bank customer

The impact of COVID-19:

Santander Bank offers a variety of ways to help borrowers who have fallen/are about to fall behind on their loan payments. Give them a call toll-free at (888) 486-4356.


Citibank is a solid choice for people who want a wide range of repayment terms and a super easy-to-use mobile app that trumps the competition.

We like Citibank for its decent loan amount range ( $2,000 to $30,000). Fixed rates of 9.99% to 23.99% APR are also way more competitors like Zippyloan, whose lenders charge APRs of 12.00% – 35.99%. Loans have generous repayment periods from 12 to 60 months. There are no origination fees but a $25 late/returned check fee.

To be eligible for a Citibank personal loan, you must be 18+ years of age or older with U.S. citizenship/permanent residency, an annual income of $10,500+, and a high (albeit undisclosed ) credit score. However, one knock on Citibank is that you must have an eligible Citi deposit account active for at least twelve months. As a result, many consumers might miss that threshold, creating a greater barrier to entry than other lenders.

Look to Citibank if you have an above-average credit score and want competitive APRs, quick access to funds, and predictable monthly payments.


  • No origination fees
  • Flexible repayment terms
  • Generous 9.99% – 23.99% APR


  • No pre-qualification
  • Cannot add co-signer
  • Only for existing customers

The impact of COVID-19:

If you are interested in forbearance, do not hesitate to call Citibank’s Payment Assistance team at (800) 370-6730.

Alliant Credit Union

Alliant Credit Union is a worthwhile option for New Yorkers with good credit (minimum: 640) looking to enjoy low APRs on par with SoFi and Citibank (6.24% – 27.24%) with funds disbursed in as little as one business day. It’s also an online-only bank with membership open to anyone who can fund $5 to a checking or savings account.

Its lending program is also one of the more generous we’ve come across. Origination and prepayment fees are also out the window. However, it does charge insufficient funds and late payment fees, which is standard with most lenders.

Loan amounts are generous ($1,000 to $50,000), and applying will not impact your credit score.

Unlike other lenders on our list, Alliant offers a debt protection plan that cancels out debt for several months in case you die, become disabled, or are unemployed. Costs are also minimal ($1.99 per month for every $1000 you borrow) on consumer loans up to a 120-month term. What’s more – participating in this program will not hurt your credit score.

Look to Alliant Credit Union if you prefer an online-only bank, enjoy a 640+ credit score, and look to take advantage of sub-7% APRs.


  • Debt protection program
  • Excellent APR range (6.24% – 27.24%)
  • No origination fees or prepayment penalties


  • Requires 640 credit score
  • Online-only (many may prefer visiting a branch)

The impact of COVID-19:

As of this writing, Alliant Credit Union does not advertise any forbearance programs on its website. If you wish to learn about hardship policies, call Alliant Credit Union at (800) 328-1935.

First New York Federal Credit Union – Upstate New York

In business for 70+ years, First New York Federal Credit Union is an excellent choice for New Yorkers with decent to great credit scores looking for super-low borrowing amounts (as little as $500). Consider this a payday loan killer great for unexpected expenses such as out-of-nowhere medical bills or home repairs.

First New York Federal Credit Union personal loan amounts are narrower than the average ($500 to $25,000). However, APRs are stellar (6.74% to 11.75%), which follow the trend of credit unions tending to have lower interest rates and fees than banks. Repayment terms go up to 5 years, with lower APRs the shorter the repayment term. For perspective, a 24-month personal loan for excellent credit borrowers will go as low as 7.24% versus 7.99% for a 60-month repayment term.

We also love that First New York Federal Credit Union offers payment protection. Payment protection means it’ll help you pay off or make payments on your behalf in case of disability or death. Not enough? It also offers a ‘Skip-A-Pay’ feature, which allows you to skip a loan payment for a $35 fee. Consider this good for people like freelancers, who may not have the steadiest incomes.

Keep in mind, unlike other predominantly New York heavy banks on our list, First New York Federal Credit Union personal loans serve the Albany, Rensselaer, Saratoga, Schenectady, and Schoharie regions in upstate New York predominantly.


  • ‘Skip-a-Pay’ program
  • Excellent APR range ( 6.74% to 11.75%)
  • Loan payment protection is available
  • Super low minimum loan amount ( $500 )
  • You only need a $5 balance in your savings account


  • Hard inquiry
  • So-so customer service
  • Must have a First New York savings account
  • Only for upstate NY residents (Albany, Rensselaer, and surrounding areas)

The impact of COVID-19:

No advertised forbearance service is posted on First New York’s website. To learn if you qualify for any deferment, call First New York’s Loan Center at (518) 393-1326 to speak with a loan expert.

New York Municipal Credit Union (MCU) – New York City, NY

The oldest credit union in the state, New York Municipal Credit Union (MCU) personal loans are an excellent chocie for borrowers looking for unsecured loans to use towards debt consolidation with low APRs and little fees.

MCU loan amounts are pretty vast ($1,000 – $50,000) with an excellent APR range of 6.95% – 14.95% (with autopay; 17.90% for an overdraft line of credit) and term lengths of 12 to 72 months. With the average New Yorker with excellent credit paying in excess of 10% APRs towards credit cards, MCU offers a good deal.

Areas served to include New York City, Westchester County, Mount Vernon, Yonkers, Nassau County, and Suffolk Count. We appreciate its wider reach over the smaller First New York Federal Credit Union.

Forget prepayment and origination fees with MCU. You’d only be expected to pay a $25 late payment fee. However, the credit union is all-too-willing to reward you for on-time payments by taking .50% off of your APR in exchange for enrolling in auto-pay or payroll deduction. It’s the only lender on this list to offer the perk.

All in all, look to MCU if you are looking to consolidate debt, enjoy low APRs, and be rewarded with making on-time payments with a 0.5% APR reduction through autopay signup.


  • Excellent for debt consolidation
  • Only $5 needed to fund MCU account
  • 0.5% APR reduction for autopay signup
  • More reach than First New York Federal Credit Union
  • Can be repaid through payroll deduction


  • Hard inquiry
  • Must be an MCU member
  • 17.90% for an overdraft line of credit

The impact of COVID-19:

Although no forbearance or deferment programs are advertised on MCU’s website, we encourage you to call its Member Solutions team at (212) 693-4900 if you have any questions.

Best Personal Online Installment Loan Rates for Good Credit in New York of November 2022

All of our top picks for best personal online installment loans for good credit were selected on the basis of APR range, loan amount range, and fee structure. To view all of our top recommendations for this type of loan in one place, visit our Marketplace.

  • Upstart
  • Upgrade
  • SoFi
  • Alliant

Best Personal Online Installment Loan Rates for Bad Credit in New York of November 2022

Bad credit borrowers have no or low credit scores. Think <600. With bad credit, expect APRs in the 15%+ range, stricter monthly payment terms, and longer wait times for funds to be deposited into your account. Visit our Marketplace for a complete list of recommended lenders.

Here are our picks for the best personal loans for bad credit in NY:

  • LendingTree
  • PersonalLoans
  • Upgrade
  • LifeLoans
  • VivaLoan
  • NextDayPersonalLoan

Best Debt Consolidation Loan Rates in New York of November 2022

The best debt consolidation loan rates are typically extended to borrowers with credit scores of 690 or higher. Nailing a sub-9 % APR with no origination fees, prepayment fees, and higher loan amounts of up to $2 million is doable. Visit our Marketplace for our full list of best debt consolidation lenders.

Here are our picks for the best debt consolidation loans in NY:

  • SuperMoney
  • Upgrade
  • PersonalLOans
  • SoFi
  • Prosper

Best Secured Loan Rates in New York of November 2022

Secured loans are loans backed by collateral, lowering your APRs and risk profile in the eyes of the lender. For a complete list of our favorite secured lenders, visit our Marketplace.

Here are our picks for the best secured loan rates in NY.

  • OneMain Financial
  • Upgrade
  • Wells Fargo
  • Citibank
  • Santander Bank

Best Banks in New York of November 2022

Our favorite banks in New York have generous APR ranges, wide loan amount ranges, fast approval times, and no loan origination or prepayment fees.

Here are our picks for the best banks in NY.

  • Citibank
  • Santander Bank
  • Chase Bank
  • M&T Bank
  • Charles Schwab Bank
  • Wells Fargo

Best Credit Unions in New York of November 2022

The best credit unions offer APRs as low as 6.95% with generous loan amounts and no excess fees.

Here are our picks for the best credit unions in NY.

  • Alliant Credit Union
  • First New York Federal Credit Union
  • Pentagon Federal Credit Union
  • New York Municipal Credit Union (MCU)

How to Find The Best Loans in New York

Finding the best loans in New York requires exhaustive research for the following items.

Evaluating Your Options on Fees, Borrowing Terms, and Lending Limits. 

Carefully review your loan fine print for any flat fees, such as flat or percentage-based origination fees. For example, a 4% origination fee on a $10,000 personal loan will see an initial balance owed of $10400 plus that first month’s interest. Other costs to look out for include prepayment penalties and late payment fees.

Second, look at borrowing terms. As a rule of thumb, longer terms (e.g., 60 months) equal lower monthly payments and higher interest rates. Shorter terms imply higher monthly payments and lower interest rates. Before applying for a loan, ensure manageable monthly payments by crunching the numbers.

Lastly, consider your lending limits and disbursement period. Most lenders have lending limits as low as $500 to as high as $100,000, with fund disbursement periods of as little as one business day.

Compare Loan Terms with Credit Score. Most personal lenders look for a minimum credit score of 580. To check your credit, visit offers full credit reports from TransUnion, Experian, and Equifax, the three major credit reporting bureaus.

Shop for Lenders.

Once you’ve nailed down preferred fees, borrowing terms, and lending limits, shop for different lenders. Although your bank may offer a first-mover advantage, online banks and credit unions may also work.

Our website provides N.Y. residents with hundreds of reputable lenders, complete with loan amount/APR ranges, minimum credit scores, and who it’s best for.

Outside of these key metrics, our website also provides approval turnaround times, terms, fees, qualification criteria, average borrower profile, and pros/cons for each lender.

How to Qualify For The Best Loans in New York

To qualify for the best loans in New York, it is important to understand how lenders evaluate your application.

Credit Score. When evaluating a loan application, the higher the credit score, the more likely you will enjoy low 5.99% APRs from lenders like SoFi. Based on a 300 to 850 scale, credit scores are calculated based on your payment history, credit card utilization ratio, and length of credit history. Therefore, aim for a credit score of 680 or higher for the best rates.

Income and Debt-to-Income Ratio. Another lending criterion is income and debt-to-income ratio. For example, Citibank requires an annual income of $10,500+, and SoFi needs that all loaners have a $50,000 or higher yearly income and a 50% or less debt-to-income ratio. Debt-to-income ratio is a percentage of gross monthly income versus expenses like rent and utilities, painting a picture of a borrower’s ability to repay the debt on time.

Collateral. If you are applying for a secure loan, lenders will ask you to pledge collateral, such as your home or auto. Other forms of collateral include investment accounts, stamps, collector items, and anything of value that a bank can use to recoup a lack of payments.


Average Credit Score in New York

According to Experian’s 2020 Consumer Credit Review, the average FICO score in New York was 718 in 2020 and 722 in 2021, representing a +4 point change year over year. Using Equifax’s credit scoring system, 718 is classified as ‘good.’

With the average U.S. credit score hitting a record high of 714, New York’s stats are respectable. The states leading in the highest average FICO score increases are Florida, Maine, Mississippi, and Nevada, each at +6 points —not too far off New York.

In turn, two states, Oklahoma and South Dakota saw the slowest growth in scores (+2 points)

The states with the highest credit scores include Vermont, Wisconsin, New Hampshire, Washington, North Dakota, South Dakota, Massachusetts, Nebraska, and Oregon.

The states with the lowest credit scores are Louisiana, Alabama, Oklahoma, Texas, Georgia, Arkansas, South Carolina, New Mexico, and West Virginia.

Even if you have a lower credit score than the New York average, you are still eligible for a wide range of loan types with favorable APRs, repayment terms, and minimal fees. Keep reading more about ElitePersonalFinance’s top choices for New York lenders.

Average Personal Loan Debt in New York

According to Experian, New Yorkers’ average personal loan balance is $14,112 (2021), representing a -2.2% change from the prior year ($14,431). This figure places New York about mid-range, with the top average personal loan balance belonging to Washington($29,997() and the lowest average personal loan balance going to the District of Columbia ($12.241)

Experian provides other hard-hitting stats, such as average personal loan balances by generation, which Generation Z having the highest YOY percentage change (+10.9%) and the Silent Generation with the lowest percentage change (1.2%)

With the rising cost of inflation and Federal Reserve interest, rates expect personal loan balances to stay consistent or grow. However, this should not disqualify creditworthy borrowers from securing personal loans. Remember that average personal loan rates have lower APRs than your typical credit card.

Frequently Asked Questions

What personal loan documents can I expect to share with any prospective lender?

The most common loan documents are the actual loan application, proof of identity (e.g., passport or driver’s license), employee/income verification (e.g., pay stubs), and proof of address. All of these documents help lenders determine your creditworthiness. Remember, the higher your income/credit score and the lower your debt-to-income ratio, the lower APRs and higher loan amount you can expect.

How do I increase my credit?

To secure the best loan terms possible, there are many ways New Yorkers can boost credit scores. Boosting your credit score means paying credit card balances strategically, asking for higher credit limits, paying your bills on time, and disputing any credit reporting errors.

Paying credit card balances strategically means keeping credit utilization below 30%. Avoiding late payments is critical, with a single blemish on your report remaining up to seven years. Never, ever miss a payment by more than 30 days.

Remember to dispute credit reporting errors. It occurs more often than you think across all three credit bureaus. So be sure to sign up at for free credit reports, absorbing every line with a fine-toothed comb.

All three activities should put you in the driver’s seat to obtain a good credit score.

How We Pick These Lenders?

Our hard-pickled selections for best lenders by state utilize an extensive research process. We thoroughly pour through the fine print from hundreds of online lenders, banks, credit unions, and other funding sources. They are chosen on the strength of APRs, loan amounts, repayment periods, and lending structure.,

Our lender recommendations also factor in state and average credit scores. With New Yorkers enjoying a higher-than-average credit score (722), our recommendations lean towards banks and credit unions which historically have offered lower APRs over online lenders.

The team at ElitePersonalFinance provides only the latest, up-to-date unbiased reviews on highly competitive lending products and services. We’d love to hear from you if you have any feedback or suggestions!

Send us an email at, and we’ll get back to you as soon as possible.


All in all, New Yorkers have various online lenders, banks, and credit unions to choose from when taking out personal loans. With APRs as low as 5.99%, generous loan amount ranges, and favorable terms like no origination fees or prepayment penalties, there is no shortage of excellent lending programs.

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