Frequently Asked Questions

What Is An Online Installment Loan?

An online Installment loan is a form of personal loan that is issued online. As the name suggests the loan is repaid in regular installments over a short to long period of time - usually no longer than 3 years.

What Is An Installment Loan For?

An Installment loan can be useful in a number of situations. Perhaps you have a temporary financial issue that can be overcome with some cash upfront, or maybe there is a large purchase you want to make but don't want to spend time saving up. If however you are struggling with debt an installment loan is not the best solution as it might result in you getting it to further trouble.

Who Is Eligible For A Loan?

Anyone who wishes to obtain a loan through LendMe1000.com must be over 18 years of age and a legal citizen of the United States. They must also be in stable employment (or self employment) holding their current position for at least 90 days. At the very least the borrower's monthly income must be more than $1000. To use our service you will also need a basic checking account for the loan to be deposited and repayments to be taken.

How Much Can I Borrow?

A $1,000 loan is a common amount issued by lenders in our network, but amounts can range between $100 and $5,000. The amount you are issued is dependent on how much you wish to borrow and what you personal details reveal about how much you can afford to borrow. Somebody with a high monthly salary for example is likely to be offered a large loan if that's what they request.

When Will I Receive the Money?

If you are matched with a lender you will receive an offer from that lender with the terms and conditions of the loan. Approved loans can get you cash as soon as the next business day.

What If I Have Bad Credit?

Lenders reserve the right to run a credit check, but some may perform no credit check and no teletrack at all. Regardless, it is your income and current financial situation that has the most weight in determining whether you are approved.

Do I Need To Fax Documents?

In most cases there is no faxing required but lenders reserve the right to ask for further verification of your details, with bank statements, pay stubs etc. Even then these can usually be provided through email rather than faxing.

What Are The Interest Rates and Fees?

As with all types of loan you will have to pay extra on top of the principal in the form of interest. You may also incur other fees. These will be fully outlined to you in the loan agreement before you sign the contract, which is a legal requirement. Different states have different rules regarding how much can be charged in interest and fees, and the lender will also use the information you supply to determine the ideal amounts for you.

What If I Already Have A Loan?

If you already have a loan or other form credit from other providers you are still free to pursue a loan through LendMe1000.com, however restrictions may apply if you already have the same type of loan, have a loan from the same lender or are attempting to apply for more than one loan at a time.

When and How Do I Make Repayments?

The repayment schedule for your loan will be fully outlined in the loan agreement before you sign the contract, which is a legal requirement. This will inform you how much each installment will cost (including interest) and the dates that they are due. Repayments are taken automatically from your designated bank account.

What If I Miss A Repayment?

Making one of the repayments late, missing it altogether or ceasing to pay back the loan completely will result in added fees and interest, pursuant of local state law. If you foresee that you will miss a payment it is important to contact your lender as they may be able to offer an extension or work out some other kind of solution. If you fail to meet your obligations the lender reserves the right to bring collection proceedings against you (such as phone calls and letters) and may inform the credit rating bureaus, which will harm your credit rating.

Can I Get An Extension or Renewal?

Extensions or renewals of loans are at the lender's discretion and are governed by state law. See the loan agreement for further details or contact the lender if you have any queries.

What If I Change My Mind?

At any step before you digitally sign the contract you are free to walk away with no obligation. So even if an offer has been made, you do not have to accept it. Reading through the terms and coming to an informed decision about whether to accept the offer is actively encouraged. Rejecting an offer will not harm your credit score.

Is My Personal Information Safe?

We use the latest SSL security and encryption methods to keep your data safe. Visit our Privacy Policy page to find out more.

What Service Is Provided By This Website?

LendMe1000.com is not a direct lender and doesn't extend any credit itself. We connect you free of charge with lenders from our network.

Consumer Notice: Short-term loans are not a long term financial solution. Borrowers facing debt and credit difficulties should seek professional financial advice. Borrowers are encouraged to review local laws and regulations governing short-term loans.

Availability: This service is not available in all states. Please review local laws and regulations for availability in your particular state. The states this website services may change from time to time without notice. All actions taken on this site, or legal concerns addressing this site, are deemed to have taken place in Nevada, regardless of the location from where you access this site.

Disclaimer: This website does not constitute an offer or solicitation to lend. The operator of this website is not a lender and does not make credit decisions. Rather, we provide a marketplace service where we connect you with lenders in our network. We cannot and do not control the actions or omissions of lenders in our network. We are not an agent, representative or loan broker to any lender and we do not endorse any particular lender. Our marketplace service is always free to you. If you are ever asked to pay a deposit or advanced payment in order to get a loan, you should not proceed.

You are under no obligation to use our marketplace service to initial contact with or apply for a loan with any lender.

Subject to our Privacy Policy (which you should carefully read and understand), we will transfer your information to lenders in our program and to other service providers and marketing companies we do business with. We do not guarantee that you will be connected with a lender or obtain favorable rates or be approved for a loan by completing a form on our site.

Participating lenders may verify your social security number, driver's license number or other federal or state identification, as well as review your credit worthiness through national databases that may include Equifax, Transunion, Experian and other credit bureaus. By submitting your information to us, you agree that lenders may obtain such credit reports and verify your information.

Not all lenders can provide you with a loan. If you are approved, you will receive funds according to the lender's funding practices which vary from lender to lender. Repayment terms also vary from lender to lender and may be affected by state law. If you have questions about the loan terms offered to you, or about a loan that has funded, please contact the lender directly. We are not a lender and cannot give you loan-specific information.

You will not be charged a fee for using our service. Loan-related fees are controlled by the lender and will be disclosed to you before you accept the loan. If you do not want to incur loan-related fees or you are unable to repay your loan, do not accept the loan.