New Credit America is a licensed consumer finance company. It offers debt consolidation loans to help you get your finances in order. They advertise their services at newcreditamerica.com.
New Credit America Summary
When it comes to taking out a loan, everyone has different needs and preferences. Some people want to consolidate their debt, while others are simply trying to cover some unexpected expenses. With so many lenders available, it can be difficult to decide where to turn. New Credit America is one option that has recently been getting a lot of attention. But is this lender the right choice for you? Here is a closer look at what they have to offer so you can make an informed decision.
Here are a few key points that stood out from our investigation of their website and terms and conditions.
- Interest rates range between 19.99% – 29.7%.
- APRs go up to 29.99%.
- An origination fee of up to 5% may be included in the principal loan amount which results in an APR of up to 29.99%.
- Â All loans are originated by Cross River Bank, an NJ chartered bank.
- New Credit America does not provide debt settlement, debt relief, or credit repair services.
- The loan term will be fixed and will depend on your payment amount.
What is New Credit America?

New Credit America is a licensed consumer finance company specializing in loan products that are customized to fit each unique situation. Their mission is to help consumers across the nation restore their financial health. They have been in business for 9 years and are based in Portland, OR.
According to the Better Business Bureau, Credit America has an A+ rating. However, customers have given the company a 1.8-star rating, with an average of 5 customer reviews and 7 complaints closed in the last 3 years.
How does New Credit America work?
In order to apply, input your Client ID, date of birth, and Social Security number. Once you have completed this form, click “Apply Now” to begin your application. First, you will need to complete a credit application. Fill out all required information and electronically sign the form before submitting it. After that, you will need to verify your income. They will ask for your online banking credentials so they can access your account statements.
After you submit your loan application, their verification team will review it. You’ll then receive an email with a link to sign your loan documents.
How to qualify for New Credit America?
You will need the following information and documents handy in order complete your application:
- Your full name.
- Your phone number.
- Your email address.
- Your date of birth.
- Your home address.
- Your Social Security number.
- Employment information (including proof of income).
New Credit America BBB Reviews
New Credit America has an A+ rating from the Better Business Bureau. With an average of 5 customer reviews and 7 complaints closed in the last 3 years. The company has a 1.8-star rating from customers.
Here are some reviews:
Pamela T. 06/04/2022
David T 05/31/2022
Mandi C 02/25/2021
New Credit America FAQs
How much does New Credit America charge?
New Credit America offers competitive interest rates that range from 19.99% – 29.7%. Their APRs go up to 29.99%. An origination fee of 5%, may be included in the principal loan amount; Their APR goes up to 29.99%.
Are there any pre-payment penalties?
New Credit America does not charge prepayment fees, so you can pay off your loan early without any penalties. This makes it a great option for borrowers who want the flexibility to pay off their loans on their own terms.
How does New Credit America affect your credit?
There are a few things to consider before taking out a loan, such as your credit score. Many lenders will do a soft credit check before giving you an estimate of the interest rates and loan terms you could qualify for. This doesn’t affect your credit score.
But once you fill out a loan application, the lender will do a hard credit inquiry to get a full view of your credit history and offer you final rates. These hard inquiries can lower your credit score.
How to cancel New Credit America?
Personal loans can be a great way to get the money you need, but it is important to be sure of your decision before taking one out. Once the funds are dispersed into your account, you cannot reverse or cancel the transaction, so it is important to be certain upfront to avoid any problems later on.

Do you find yourself struggling to make ends meet? Here is some advice that may help you get back on track.
Are you feeling stressed about your finances? Don’t worry, you’re not alone. Getting your finances in order can be daunting, but it doesn’t have to be difficult. Just follow these simple steps and soon enough, your finances will be back on track.
- One of the most important things you can do for your finances is to create and stick to a budget. This will help prevent overspending and make better spending decisions overall.
- Another great way to get your finances on track is by speaking with a financial advisor. They can help assess your current situation and offer helpful advice on how to move forward based on your unique circumstances.
- And finally, don’t sweat debt too much. Many companies are willing to work with customers to create a manageable payment plan. So reach out to their customer service team for more information.”
Is New Credit America legit or a scam?
At New Credit America, they’ve been helping people get out of debt for nine years. They offer consolidation loans to pay off your debt, and they’re proud to have an A+ rating from the Better Business Bureau. However, their customers have given them an average of only 1.8 stars out of 5, with 7 complaints closed in the last three years.
Before taking out a loan, it is important to think about the interest rate and repayment terms. It can be helpful to research and compare rates from different lenders to find the best deal. Additionally, reading customer reviews can give you a better idea of which option might be best for you. By doing this, you can avoid taking out a loan that you cannot afford.
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Thank you for reading!
New Credit America
New Credit America Review
At New Credit America, they’ve been helping people get out of debt for nine years. They offer consolidation loans to pay off your debt, and they’re proud to have an A+ rating from the Better Business Bureau. However, their customers have given them an average of only 1.8 stars out of 5, with 7 complaints closed in the last three years.