If you need a loan to hold you over until your next paycheck, we have a solution. Or maybe you need cash as soon as possible for bills, unforeseen costs, or debts; we can help with that too! You can get a $1,000 payday loan to help with your financial needs even if you have poor credit. Simply fill out our online form and get your money within one business day or even sooner.
What Is a $1,000 Loan?
Like other payday loans, a $1000 cash advance is an unsecured short-term loan. Typically, the amount must be repaid when you receive your next paycheck. However, some direct lenders allow monthly payments so that you can repay your loan over a period of 2 to 24 months.
Additionally, $1000 is commonly the maximum for a payday loan in which the borrower receives a lump sum of cash. Installment loans, depending on where you live, can provide borrowers with more money. No matter your credit standing, either loan type is a good option if you need $1000 quickly with no hard credit check.
Who Qualifies for a 1,000 Dollar Loan?
With easy to meet requirements, most borrowers don’t have a problem securing a loan.
- You must be at least 18
- You must be a permanent resident or citizen of the US
- You must have a regular income or stable employment
- You must have a valid checking account
The application will also ask for your telephone number and email address. Some states have additional eligibility criteria. If you meet these requirements, you can apply online today!
The Online Process for a $1,000 Loan
Our process happens completely online. This saves you time and effort, you don’t even need to leave your home! Navigate to our website and fill out the application to start. It will require your financial info as well as some personal details. You will also need to fill in how much money you are requesting. It takes only minutes and our lenders only require a single form.
Once you hit submit, it will be forwarded to our lenders. Our quality lenders are carefully vetted and our process automatically selects the best one for you. You get a guaranteed approval decision in only a few minutes. The decision will be emailed to you. Once a lender grants your request, the contract will be emailed to you as well.
Take your time to go over the terms and conditions so you are aware of your responsibilities as a borrower. Double-check the interest rate, APR, penalties, and fees. Your lender can answer any questions you may have. If you approve of the agreement you can provide your e-signature on the contract.
After the loan agreement is complete, the lender will sign off on the money transfer. Most deposits arrive within one business day. Although, if you make the lender’s cut-off time you could receive your cash the same day. Once you have the money you can use it how you see fit. Depending on which loan type you opted for, the repayment process may differ. If you need to repay the entire loan on your next payday, the lender will automatically make the withdrawal. Installment loans require monthly payments over a period of time.
Can I Get a $1000 Loan with Bad Credit?
Yes! If you have poor credit or even no credit, a $1000 loan may still be available to you. This is because our lenders don’t rely on only your credit score to make a lending decision. In fact, they only use a soft credit check.
A soft credit check differs from a hard credit check in that your credit score won’t be affected. This is because it isn’t run through one of the three major bureaus or teletrack. This saves you time and protects your credit score.
A soft credit inquiry is a review of your borrowing history and basic information, almost like a background check. They use this along with your regular income to determine your ability to repay the loan. Payday loans in general have a high rate of approval, even for individuals with bad credit.
If you need cash immediately, don’t fret that a poor credit score will prevent you from getting a loan. PhenomCash is here to offer you a solution to your financial problems with a safe loan process that is quick and efficient.