New Credit America

New Credit America

 4.0/5 (40 reviews)

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Overall Rating4.0 out of 5
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About New Credit America

New Credit America is a licensed lending company that helps individuals restore their financial health. Its customized loan products and debt consolidation services are available across all 50 states, and the company focuses on tailoring solutions to your specific financial situation. It offers fixed interest rates and some flexible payment plans.

    Pros & Cons


    • Payment flexibility in some cases
    • No late pay or prepayment penalties
    • Fixed interest rates
    • All FICO scores considered


    • 5% origination fee
    • Up to 29.99% APR
    • Loans capped at $10,000

    Bottom Line

    New Credit America offers personal and debt consolidation loans with fixed interest. It charges no late or prepayment fees. It has some flexible payment terms, but its APRs go up to 29.99%, and its loan max is $10,000.

    Top New Credit America Reviews

    Rated with 5 stars

    I got my loan with New Credit America through my debt relief firm. At first, it sounded too good to be true. But I have seen that it works. All my debt was paid off and the collec...

    Read full review
    Rated with 5 stars

    I first received a pre approved letter from NCA stating that I was eligible for a loan to take care of my debt. I thought it was a joke. ... As of today they paid off 12 accounts ...

    Read full review

    What is New Credit America?

    New Credit America is a licensed consumer finance company. It offers two types of loans: the DebtAway Loan and the Reload Loan.

    • DebtAway is a debt consolidation loan and is ideal for those who need to combine multiple debt accounts into one.
    • Reload is a personal loan with a maximum of $10,000.

    You can apply for either loan type regardless of your credit score.

    New Credit America offers fixed interest rates, payment amounts and loan terms. It charges no late fees and provides flexible payment options in some cases. You can start applying online and can stop the application process at any point before the documents are signed. Borrowers must be at least 18 years old (some states have more strict age requirements); you can find more information about eligibility and requirements on the website.

    New Credit America loan services

    New Credit America is a finance business that offers debt consolidation and personal loans. Debt consolidation loans are best for those who want to take several debt accounts and put them into one monthly payment. The company’s personal loans have a limit of $10,000 — these funds are deposited directly into a checking account.

    Both loan types have fixed interest rates and no prepayment penalty or late fees. New Credit America’s loan terms are fixed based on payment amount, though the company offers payment flexibility in some cases. Payments are fixed based on interest rate, payment term and the amount borrowed.

    New Credit America loan rates

    New Credit America’s interest rates are fixed and depend on a variety of factors. These include your FICO credit score, income and loan amount.

    Its debt consolidation loans may require a 5% origination fee and an APR of up to 29.99%, but both its debt consolidation loans and personal loans require no late fees or prepayment penalties. Expect fixed monthly payments.

    New Credit America FAQ

    Where is New Credit America available?

    New Credit America is a nationwide company. It’s based out of Portland, Oregon.

    How much can I borrow from New Credit America?

    Its debt consolidation amounts vary based on your level of debt. These loans require a 5% origination fee and an APR of up to 29.99%, and its personal loans max out at $10,000.

    Does New Credit America charge fees on its personal loans?

    New Credit America’s personal loans require no late fees and no prepayment penalties, but its debt consolidation loans may be subject to loan origination fees. It offers fixed interest rates.

    What can I use my New Credit America loan for?

    New Credit America’s debt consolidation loans can be used to take multiple debt accounts and combine them into one, creating one monthly payment. Its personal loans can be used for a wide variety of purposes.

    Does New Credit America do a hard credit pull?

    New Credit America’s website doesn’t specify whether or not it does a hard credit pull. That said, the company considers FICO scores, which typically requires a hard credit inquiry — so it’s safe to assume NCA does hard credit pulls.

    Is New Credit America legit?

    Yes. It offers both personal and debt consolidation loans, and it promises all credit scores are welcome. This can be incredibly helpful for someone struggling to improve poor credit history. A fixed interest rate and no penalty fees make it all the more appealing, but there are still some features to be wary of: APRs can be as high as 29.99%, and you could be subject to a 5% origination fee. There’s also not much information online about the company, so it’s hard to get a sense of the typical customer experience.

    As with all lenders, you should shop around and read real customer reviews to make sure you’re getting the best deal for your situation. That said, if New Credit America fits your needs, it’s likely a good choice.

    New Credit America Reviews

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    Page 1 Reviews 0 - 10
    Rated with 1 star
    Verified Reviewer
    Original review: April 13, 2022

    I was with a debt settlement company and got severely sick with Covid. While still tied to a oxygen concentrator at home, I was approached by this company recommended by my debt settlement company. It was made out to be a great deal and I didnt understand the fine print nor was I in any condition medically to consent to the terms. I would have paid off this debt by now and instead I'm stuck with this loan paying 23.99% which works out to be 50% of my monthly payment goes to interest every month. It's insanity. I will be paying off this loan for 5 years. The payment is more than my car payment.

    I tried to speak to them about how much of my payment is going to interest and they were unwilling to help at all. This company is a complete bait and switch. It was supposed to help me, I could have settled on the principles of this amount and not paid interest and the whole point was to get away from interest and now I'm paying 23.99%. Do not accept a consolidation loan from this company, it's just as bad as having credit cards.

    New Credit America response

    Thank you for the feedback. To highlight some advantages of this loan type, the interest is fixed, and there are no prepayment penalty fees or late fees. You can reduce the interest paid by making additional or larger monthly payments, which will help decrease the principal balance more quickly. Interest rates are also clearly disclosed in our loan documentation. We hope that you as well as others find this information helpful.

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer
    Original review: July 2, 2020

    I needed a loan to payoff loans into one payment. The loan process was very easy to fill out and they seem like they were on your side willing to go the extra mile for you to get done. Very please!!!!

    New Credit America response

    Hi Robert, we appreciate you taking the time to review us. We are pleased to hear about the excellent customer service you received. Thank you for sharing your positive experience with us and we are happy to have you as a client.

    3 people found this review helpful

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      Rated with 1 star
      profile pic of the author
      Verified Reviewer
      Original review: July 19, 2019

      Was referred by my debt relief company when I had already settled 5 of 6 creditors, only one was outstanding. I had said I only wanted the outstanding under this program to my debt relief program and the rep for New Credit. No one said that would be a problem. Then the debt relief rep called said they had a settlement and wanted me to approve it. I said not without documentation as my experience with them had not been favorable as well.

      I got the documentation and it was not just the one card but all! I called new credit and the rep tried to tell me they get everything settled at once so it stops affecting to my credit. I told her that it was only 1 card still outstanding so that did not apply to me. That’s when the other shoe fell. She said it was company policy to include everything into one loan. So the debt relief company that was to save me 25% referred me to a loan company that’s rate is 29.7% which wanted that rate applied to my 5 settled accounts and one that was outstanding. No thank you! To anyone who is thinking of using this service definitely make sure you read all the fine print, ask for documentation via email, and most importantly protect yourself as these companies have not done this for me.

      27 people found this review helpful
      Rated with 1 star
      Verified Reviewer
      Original review: July 17, 2019

      Bait and Switch. So I received a pre-approved loan offer. So I decided to apply as I wanted to combined into 1 payment. My credit is fair not great but not bad. They denied the application and push you into debt settlement program. I have no need or desire for that just was looking to combine a few things into 1 payment. To have them try this was very deceiving and not reputable. Just be aware as they do a hard inquiry on your credit.

      29 people found this review helpful
      Rated with 1 star
      Verified Reviewer
      Original review: June 12, 2019

      So. ANCA (A New Credit America). I received a "Your Pre-Qualified" Debt Away Loan in the mail. Filled it out online, I get a hard inquiry on my credit report. They can't help with a loan, but they were willing to "Help Me" like when I signed up with their "Partner" Clear One Advantage. I told them "NO THANK YOU"! Robin Hood in reverse!!

      17 people found this review helpful
      Rated with 5 stars
      Verified Reviewer
      Original review: May 23, 2019

      I got my loan with New Credit America through my debt relief firm. At first, it sounded too good to be true. But I have seen that it works. All my debt was paid off and the collections calls stopped. My credit score is even improving.

      9 people found this review helpful
      Rated with 2 stars
      Verified Reviewer
      Original review: March 15, 2019

      I signed up for debt consolidation because my credit card payments were getting too high. I was not late or behind on my payments until signing up with New Credit America. Apparently they let it go to the point that 1 of my creditors got a judgment against me which is negatively impacting my credit. The company that got the judgement was paid off but the judgement has not been removed from my credit and when I called to ask New Credit America about this they said it's my responsibility to dispute it to have it removed from my credit but at the time I signed up I was told that they would help monitor my credit to make sure things like this did not happen so that is not true.

      I was also not informed that if they make agreements with the companies to lower your debt that the company your indebtedness to can come after you at the end of the year and you have to pay it as part of your taxes so they do not help you in any way except to put you in more debt and make money off of you. I would not trust them again and I would advise you not trust them either. They are not here to help you. They are here to make money off of you.

      New Credit America response

      We apologize your experience with New Credit America has not been to your satisfaction. We have attempted to contact you personally to resolve this matter with you. We would appreciate an opportunity to work with you on making your experience a more positive one, so please contact us at your earliest convenience.

      17 people found this review helpful
      Rated with 1 star
      profile pic of the author
      Verified Reviewer
      Original review: Dec. 19, 2018

      What does PRE-QUALIFIED mean??? It means they get all your information, turn you down for the loan you were non-qualified for then offer you some crap and a debt settlement offer they have. Do not fall for this bunch of lies!

      30 people found this review helpful
      Rated with 1 star
      profile pic of the author
      Verified Reviewer
      Original review: Oct. 31, 2018

      It is funny how they state on their website "Don't worry, we know your credit situation may not be perfect." SO you send a mailing to people that you think could qualify for the loan after entering in you SS #, routing and account number and password to my back to verify bank account and then deny the person... Seems like they just want your info for whatever reason. You dont need the bank info to run the darn credit report to be able to tell if qualified or not, that should come after. Why would someone with perfect credit apply for a high interest rate loan to begin with, so yes, people that are actually in debt and need the help they deny.

      Plus it only took 2 weeks for a single response in which I was the one who reached out. Plus it puts a HARD INQUIRE on your credit report. Just another high interest rate scam company. Typical company that wants to take take take and screw the customers. PLUS I love how they respond to the complaints with, "I am so sorry for your experience blah blah blah blah." Who really cares if they apologize, fix the issue at the company so no apologies need to be made to the customers that keep your business running to begin with.

      New Credit America response

      We’re sorry your experience has not been to your satisfaction. We are required by law to verify all credit apps. Obtaining online banking credentials is one of the steps used to verify income. This is a standard online lending practice used only for purposes of taking a one-time, read-only snapshot of income and expenses. We take every precaution to protect all info with bank-level security. Unfortunately, not everyone qualifies for a loan, despite our best efforts to serve as many clients.

      14 people found this review helpful
      Rated with 5 stars
      Verified Reviewer
      Original review: July 14, 2018

      I first received a pre approved letter from NCA stating that I was eligible for a loan to take care of my debt. I thought it was a joke. I applied and then I was asked to give them 2 months worth of bank statements. That made me cautious about them. I sent it in anyway and it did take a few weeks as I was told it would. As of today they paid off 12 accounts and the day after, my credit score began rising. I thought it was a joke but it turned out to be the real thing. Thanks NCA.

      20 people found this review helpful

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        New Credit America Company Information

        Company Name:
        New Credit America
        Year Founded:
        PO BOX 9125
        Postal Code: