A 25% criminal usury cap makes the credit-light advance product illegal outright.
What New York's Rules Mean for a Bad-Credit Applicant
New York's criminal usury statute caps interest at 25% APR — the credit-light advance product simply isn't legal here.
What Actually Gets Checked
Licensed lenders operating within that 25% ceiling typically weigh credit history more heavily.
| Factor | Rule |
|---|---|
| Criminal usury cap | 25% APR |
| Underwriting basis | Credit history weighted more |
Verify current rules with the New York Department of Financial Services before applying with any lender — this summary is for general information only, not legal advice.
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