Harrison Financial Group offers judgment recovery solutions, business financing, credit repair, and small business lending services based in New York.
Editorially reviewed by Harvey Brooks
Harrison Financial Group is a financial services company operating from New York (212-381-6122) that positions itself as a multi-solution provider for both personal and business financial challenges. The company's website indicates it was founded with a mission to 'level out our clients' uneven playing field,' though specific founding details are incomplete on their site.
The company advertises four primary service areas: Judgment Recovery Solutions for civil case awards and debt collection, Business Financing with emphasis on fast and easy small business loan processes, Business Credit solutions tailored to specific business needs, and Credit Score Improvement services. They also mention debt repayment solutions and financial freedom positioning. The website content is heavily oriented toward business clients, with substantial focus on small business financing and judgment recovery.
Harrison Financial Group distinguishes itself through a multi-service approach combining judgment recovery expertise with small business lending. Their positioning emphasizes speed ('Fast & Easy Process'), customization ('well-tailored financing solution'), and accessibility through a simple consultation booking system. The company targets both individual consumers with credit/debt issues and small business owners seeking financing alternatives.
A significant limitation is that the website provides minimal substantive detail about loan terms, rates, approval timelines, or specific service offerings. The site lacks transparent pricing, credential verification, regulatory compliance information, or detailed service explanations. The company appears to operate primarily through direct consultation rather than self-service platforms. Given the broad service claims without supporting detail, consumers should conduct thorough due diligence before engagement.
Yes. Harrison Financial Group is a registered company headquartered in Americas Tower, 1177 6th Ave Fifth Floor, New York, NY 10036. They hold a NR rating with the Better Business Bureau.
CreditDoc Diagnosis
Harrison Financial Group is positioned as a multi-service business lending and judgment recovery firm best suited for small business owners and individuals with specific judgment collection needs. The primary caveat is that the company's website lacks critical transparency on rates, terms, credentials, and process details—making independent verification of legitimacy and service quality essential before engagement.
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Read guide →New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
The total yearly cost of borrowing money, including the interest rate plus any fees the lender charges. Think of it as the 'true price tag' on a loan.
Lenders must show APR by law (Truth in Lending Act) because the interest rate alone can hide fees. Comparing APR across lenders is the most reliable way to find the cheapest loan.
Example
You borrow $10,000 at 6% interest for 3 years, but there's a $300 origination fee. The interest rate is 6%, but the APR is 6.9% because it includes that fee. You'd pay $304/month and $946 total in interest.
The percentage a lender charges you for borrowing their money, calculated on the amount you still owe. It's the lender's profit for taking the risk of lending to you.
Even a 1% difference in interest rate can cost you thousands over a loan's life. Lower rates mean less money out of your pocket.
Example
On a $20,000 car loan for 5 years: at 5% you pay $2,645 in interest. At 8% you pay $4,332. That 3% difference costs you $1,687 extra.
The original amount of money you borrowed, before any interest or fees are added. It's the 'real' amount of your debt.
Your interest is calculated on the principal. Paying extra toward principal (not just interest) is the fastest way to reduce your total cost and pay off a loan early.
Example
You borrow $25,000 for a car. That $25,000 is your principal. Your first payment of $450 might split as $150 toward interest and $300 toward principal, bringing your balance to $24,700.
How long you have to repay the loan, measured in months or years. A shorter term means higher monthly payments but less total interest paid.
Longer terms feel more affordable monthly but cost much more overall. A 30-year mortgage costs almost double in interest compared to a 15-year mortgage on the same amount.
Example
Borrowing $200,000 at 6.5%: A 15-year term costs $1,742/month ($113,561 total interest). A 30-year term costs $1,264/month ($255,088 total interest). You save $141,527 with the shorter term.
A one-time fee the lender charges to process and set up your loan. It covers their costs for underwriting, verifying your information, and preparing paperwork.
Origination fees are usually 1-8% of the loan amount and are often deducted from your loan proceeds — so you receive less than you borrowed.
Example
You're approved for a $10,000 personal loan with a 5% origination fee. The lender deducts $500 upfront, so you receive $9,500 in your bank account but owe $10,000 plus interest.
A person who agrees to repay your loan if you can't. They're equally responsible for the debt, and their credit is affected by your payment behavior.
Cosigning helps people with thin credit get approved or get better rates. But it's a huge risk for the cosigner — they're on the hook for the full amount if you default.
Example
A parent cosigns their child's $30,000 student loan. The child stops paying after 6 months. The parent is now legally required to make the payments or face collections, lawsuits, and credit damage.
The process where a lender evaluates your finances — income, debts, credit history, assets — to decide whether to approve your loan and at what rate.
Understanding what underwriters look for helps you prepare a stronger application. They check your DTI ratio, employment stability, credit score, and the asset's value.
Example
You apply for a mortgage. The underwriter reviews your pay stubs (income), bank statements (savings), credit report (history), and orders an appraisal (home value). This takes 2-4 weeks.
Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.
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