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When you consider that 69% of Americans have savings of less than $1,000, or no savings at all, it’s easy to see why a small emergency can have a big impact on individuals and families.
From a burst water pipe in the middle of winter to a broken down car on the way to a new job, there are plenty of common life expenses that could be quickly remedied by $1,000 loans.
Let’s take a closer look at how $1,000 loans work and how you can borrow $1,000 today.
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I Need $1,000 Now. What Are My Options?
There’s never been a better time for borrowers to quickly and easily access loans in America. You only have to type “I need $1,000 now” into Google to see how many lenders are currently able to assist borrowers in the US market.
As the market grows, so do the lending options available. Take a look below at the most common loans for $1,000 that we serve here at Credit Raters.
Payday Loans
Payday loans for $1,000 or less are incredibly common due to their relatively small size and convenient, one off repayments. They also have some of the highest acceptance rates on the market, making them a great option if you need lightning fast access to cash until payday.
Instalment Loans
If you want to borrow $1,000 but would rather spread these repayments over multiple periods then instalments loans could be the perfect option.
Rather than having to pay back your entire $1,000 loans on payday, you can keep some extra cash back and make lower repayments across a longer term.
Guarantor Loans
If you’re unable to borrow $1,000 due to your own credit history then all is not lost. Guarantor loans are becoming more and more popular for those with a less than perfect credit history.
Rather than trying to take out loans for $1,000 based on your own credit score, somebody you know can stand in on your behalf and guarantee your monthly repayments should you ever be unable to pay.
Am I Eligible To Borrow $1,000?
It goes without saying that our customers come from a range of financial backgrounds and need loans for $1,000 for a wide range of purposes.
Regardless of your circumstances, you’ll need to fulfil some basic legal criteria to be eligible for $1,000 loans in the USA. You’ll need to make sure that you are:
- A permanent US resident living in a state that regulates your chosen lender
- At least 18 years of age when you apply
- Able to comfortably afford your monthly repayments
- A US checking account holder and have a debit/credit card in your name
Of course, each individual lender will use their own credit referencing criteria when assessing each application.
How Can I Apply For $1,000 Loans?
Once you’re happy that loans for $1,000 will be suitable to help you through your financial shortfall, it’s time to find the best deal possible to ensure that you don’t over pay.
The great news is Credit Raters is ready to all of the leg work on your behalf, comparing a huge range of lenders which offer loans for $1,000. Simply tell us a little more about you the reason for your loan, and we’ll bring the very latest offers, rates and repayment options straight to your screen.
Choose a lender that you feel best matches your requirements and finalise your application for an instant online decision. If accepted, you may even be eligible for a same day transfer, quickly depositing the funds you need when you need them most.
Get a free, no obligation comparison on $1,000 loans from Credit Raters today.