Best Credit Builder Loans in New Jersey
Published: 8 April 2024
Author: Noah Gomez
Finding the right credit builder loan is not easy. In addition to principal, interest rate and duration, you have to consider to which credit bureaus the loan reports and lender trustworthiness.
We looked at over 27 banks, credit unions, and digital lenders to pick the most cost-efficient and reliable offers in the market.
Best Overall
Cheese
Avg. Principal: $1,250
Avg. APR: 10.5%
Avg. Length: 12 months
In New Jersey, decent local offers are sparse. Cheese is a national digital lender of credit builder loans with 10.50% APR on $1,250 (average) over 18 months (average).
Best from Bank (Physical)
M&T Bank
Avg. Principal: $51,000
Avg. APR: 8.37%
Avg. Length: 36 months
Best from Credit Union
Jersey Shore Federal Credit Union
Avg. Principal: $2,650
Avg. APR: 12.75%
Avg. Length: 48 months
Best from Digital Lender
Cheese
Avg. Principal: $1,250
Avg. APR: 10.5%
Avg. Length: 12 months
Best New Jersey-Only Credit Builder Loans
Best Multi-State Credit Builder Loans Available in New Jersey
Thick Credit is not a credit repair organization, a credit conseling agency, or a debtor education providor. It does not act on your behalf to communicate with credit reporting agencies or provide pre-bankruptcy credit counseling and pre-discharge debtor education for bankruptcy.
©2024 Thick Credit, All right reserved.