1000 Dollar Loan Review

Overview

lendme1000.com is a US online referral service that allows you to find the right financial product. It’s a digital platform that allows you to apply for a loan with a wide range of licensed lenders with one single application.

What loans does 1000 Dollar Loan offer?

The company offers small payday loans online. Loan amounts range from $100 and $2,500 and can be used for almost any purpose. Cash advances are available to borrowers with bad, fair, good or excellent credit all across the USA. The top three loan purposes are car repairs, debt consolidation, and home improvement.

Regretfully, the company does not offer:

• mortgages;
• student loans;
• refinancing;
• commercial loan.

What states does 1000 Dollar Loan service?

The company offers loans in the following states: Alabama, Alaska, Arizona, California, Colorado, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Nebraska, Nevada, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, Wyoming.

What terms and rates does this company offer?

The company cooperates with lenders providing short-term loans onliy. Here you can only borrow anywhere from $100 to $2,500. The payoff periods range anywhere from 1 to 30 days.

APRs are not specified anywhere o the site because they will be individual for each customer and depend on multiple factors such as loan amount and term, credit score, income, etc. Loan details will be revealed by a lender you got matched with.

How do I qualify for a loan?

To get approved for a loan via this online platform, you must:

1. be at least 18 years old;
2. be a legal U.S. citizen or resident;
3. be employed and have a regular income;
4. have a valid checking account in your name;
5. have a valid email address and phone number.

Can I pay a loan back earlier?

Yes. In most cases, participating lenders do not charge any prepayment penalties. Read your loan agreement carefully before signing.

Can I take a loan if my credit score is low?

Sure. This service was designed specifically for those with bad or fair credit scores. If you don’t have any credit history, you still have high chances of getting accepted. The main thing is to comply with the above-mentioned eligibility criteria.

How to apply for a loan?

The online application process is simple, fast and straightforward. All you need to do is to fill out a short form on lendme1000.com. You will be asked to provide the following details:

• Personal information (your name, age, living address, phone number, email address, SSN);
• The desired loan amount, term;
• The preferred payment method;
• Employment information;
• Your monthly income;
• Bank account details, etc;

Once you’ve submitted your application, the company reviews it and connects you to the most suitable lenders for your needs. Review the terms and rates offered by the lender and accept/decline it.

If you accept the offer, the lender typically transfers the funds to your bank account within 24 hours.

How to pay a loan back?

Repayment terms typically range from 1 to 30 days.

You can often repay your loan by AutoPay. With this option, the borrowed funds  + interest will be automatically withdrawn from your bank account on the date your loan due. It is usually a one-time payment.

Does 1000 Dollar Loan have a mobile app?

Obviously, they do not have a mobile app, which may cause a little inconvenience if you prefer to use your smartphone to apply for loans.

Conclusion

1000 Dollar Loan seems a good option for borrowers with bad credit or no credit who are looking for the most affordable interest rates, fast approval and funding.  The platform provides access to multiple lenders at the click of a button.  We can recommend this company to deal with your temporary financial troubles.

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• Sam Romero