Lending For Bad Credit is not a lender and makes no credit decisions. It cannot guarantee a connection with a lender, a loan or the loan amount, and it charges no fee. Not available in all states, including Connecticut, New Hampshire, Vermont and Washington. A lender may run a credit check. Short-term loans are not a long-term financial solution. Amounts and terms vary by state and lender. Per Lending For Bad Credit, APRs on its offers are no greater than 35.99% (as of October 16, 2026).
Lending For Bad Credit is not a lender, makes no credit decisions, charges no fee, and cannot guarantee a connection with a lender, a loan, or the loan amount. Not available in all states, including Connecticut, New Hampshire, Vermont, and Washington; a lender may run a credit check or verify your details. Short-term loans are not a long-term financial solution, and amounts and terms vary by state and lender. Per Lending For Bad Credit, APRs on its offers are no greater than 35.99% (as of October 16, 2026).
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Product Statistics
A complete breakdown of all data points across the products in this comparison to help you make the right decision.
Personal loan
1 (2.4%)
Car loan
1 (2.4%)
Loan amount
$0 - $300,000 ($13,665.99)
Loan period
1 week - 183 months (32 months)
Annual interest rate
0% - 1,564% (145.64%)
Minimum age
18 - 18 (18)
Minimum income
$0 - $2,000 ($409.76)
National bank account
33 (80.5%)
National phone number
34 (82.9%)
Citizenship
27 (65.9%)
Electronic identification
33 (80.5%)
Accepts Bad Credit History
37 (90.2%)
Payout within 24 hours
33 (80.5%)
Weekend Payout
4 (9.8%)
Loan extensions
19 (46.3%)
Early payback
35 (85.4%)
Loan broker
14 (34.1%)
Interest-free first loan
0 (0%)
Cosigner possible
3 (7.3%)
Approval rate
80% - 90% (83.75%)
Revocation period
16 (39%)
High approval rate
0 (0%)
Statistics based on 41 Loans products in our database.
CompanyLowestHighest
Lending For Bad Credit5.99%35.99%
PersonalLoans.com5.99%35.99%
Fast5KLoans5.99%35.99%
Your Premier Lending5.99%35.99%
Low Credit Finance5.99%35.99%
ACE Cash Express91.52%630.13%
Consumers Credit Union4.99%20.49%
BadCreditLoans.com5.99%35.99%
Honest Loans5.99%35.99%
GetCash.com5.99%35.99%
MoneyKey249%295%
Jora Credit75%349%
Upgrade7.74%35.99%
LendKey2.64%16.08%
Upstart6.2%35.99%
5KFunds5.99%35.99%
Universal Credit11.69%35.99%
Credit Clock5.99%35.99%
Self Lender15.69%15.92%
Explore Credit5.99%35.99%
CashNetUSA229%579%
Cash Store390%780%
Advance America143.29%688.28%
Cash Advance15%1,564%
CreditFresh143%600%
MoneyLion5.99%29.99%
MaxLend471.78%841.45%
Viva Payday Loans5.99%35.99%
LoansUnder365.99%35.99%
SecureSpeedyLoans5.99%35.99%
CashUSA5.99%35.99%
Loan in Personal5.99%35.99%
Wizzay.com5.9%35.99%
Speedy Cash199.99%729%
Fast Loan Advance5.99%35.99%
Plain Green Loans210%438%
OppLoans99%195%
Spotloan99%490%
BMG Money19.99%35.99%
EarnIn0%0%
Interest Rates
See how rates compare across all providers. The bars show the range between lowest and highest rates offered by each company.
Historical 1000 payday loan Interest Rates
Average rates tracked monthly across 45 providers
Average rates tracked monthly across 45 providers
Average
Lowest
Highest
Aug 2025
152.51%
1.26%
1,646.58%
Sep 2025
154.93%
1.33%
1,667.75%
Oct 2025
156.62%
1.38%
1,682.54%
Nov 2025
157.02%
1.39%
1,685.99%
Dec 2025
155.84%
1.36%
1,675.65%
Jan 2026
153.15%
1.28%
1,652.17%
Feb 2026
149.37%
1.18%
1,619.09%
Mar 2026
145.14%
1.06%
1,582.11%
Apr 2026
141.21%
0.95%
1,547.77%
May 2026
138.27%
0.87%
1,522.06%
Jun 2026
136.78%
0.82%
1,509.02%
Jul 2026
136.88%
0.83%
1,509.89%
Aug 2026
143.07%
1%
1,564%
Oct 2026
131.57%
1%
1,564%
Current Average131.57%↓ 11.5pp
Lowest Available1%
Highest Available1,564%
Providers Tracked45
Financer's Choice
Top Rated
Lending For Bad Credit
Free to submit a loan request. The lender sets the APR and fees; per Lending For Bad Credit, APRs on its offers are no greater than 35.99%.
Phone (833) 321-7764, a contact form, and a mailing address in Overland Park, Kansas. Once you are connected, the lender handles your loan.
Requests of $100 - $40,000, all credit considered, four states excluded. Historically, most people offered a loan only saw short-term options of $100 - $2,500.
The form takes two minutes or less, per the brand. Trustpilot: TrustScore 2.5 out of 5 from 4 reviews (October 16, 2026), reporting calls and emails after submitting.
Get exclusive conditions from the best financial companies
A $1,000 payday loan typically costs between $1,150 to $1,300 if repaid in two weeks, but can escalate to $1,600 or more with rollovers.
Here's the breakdown: payday lenders charge between $15-$30 per $100 borrowed, meaning you'll pay $150-$300 in fees just to borrow $1,000 for 14 days. Whether you apply online or in-store, the fee structure is the same.
Below, we break down every cost you should know before taking out a $1,000 payday loan, plus better alternatives from Financer's comparison tool.
Calculating Your Exact APR
Want to know the true cost of any payday loan? Use this formula:
APR = (Fee ÷ Loan Amount) × (365 ÷ Loan Term in Days) × 100
Example 1: Standard 2-week loan
$1,000 loan with $200 fee for 14 days
APR = ($200 ÷ $1,000) × (365 ÷ 14) × 100 = 521%
Example 2: After one rollover (28 days total)
$1,000 loan with $400 total fees for 28 days
APR = ($400 ÷ $1,000) × (365 ÷ 28) × 100 = 521%
Notice the APR stays the same because you're paying the same rate for each 2-week period.
Payday Loan Costs Comparison
Here's a quick snapshot of how the APR and costs of a payday loan compare to your other loan options:
Cost Comparison: $1,000 Emergency Loan
Loan Type
Average APR
2-Week Cost
6-Month Cost
Total Repaid
Payday Loan
521%
$200
$1,400
$2,400
Personal Loan
18.5%
$6
$75
$1,075
Credit Union PAL
28%
$11
$140
$1,140
Credit Card Advance
25%
$10
$125
$1,125
Family/Friend
0%
$0
$0
$1,000
We can clearly see that payday loans cost significantly more than other types of loan options.
GetCash.com - Quick approval with better terms than most payday loans
PersonalLoans.com - Wide network of lenders for various credit scores
What Happens When You Can't Repay
Here's where payday loans become truly expensive. If you can't repay your $1,000 loan plus fees in two weeks, you'll likely "roll over" the loan. Each rollover adds another fee.
Using the $20 per $100 example:
Week 2: Owe $1,200, can't pay, roll over for $200 fee
Week 4: Now owe $1,400
Week 6: Roll over again, now owe $1,600
Week 8: Roll over again, now owe $1,800
After just two months, you've paid $800 in fees on a $1,000 loan and still owe the original $1,000.
The Hidden Costs: Overdraft Fees
Here's a cost most people don't see coming: bank overdraft fees.
When payday lenders try to collect payment from an empty account, your bank charges overdraft fees of $35 or more per attempt.
27% of payday borrowers report overdrafting their accounts because of these loans. Before the new federal rule, lenders could attempt collection multiple times, triggering $35+ fees each time. Some borrowers faced $200+ in overdraft fees on top of their original loan cost.
Better Alternatives To Consider
Before taking a $1,000 payday loan, explore these options:
Lower-Cost Loan Options
Credit Union PALs: $200-$2,000 loans at maximum 28% APR with 1-12 month terms
Personal loans: 6.5%-35.99% APR with longer repayment terms
Secured loans: Use collateral for rates as low as 10% APR
Employer payroll advance: Many employers offer fee-free paycheck advances
Credit card cash advance: Even at 25% APR, much cheaper than payday loans
Non-Loan Solutions
Negotiate with creditors: Many will accept payment plans instead of late fees
Community assistance: Local churches, nonprofits often provide emergency funds
Sell items: Quick cash from unused electronics, jewelry, or furniture
Gig work: Uber, DoorDash, TaskRabbit for immediate income
Family/friends: Interest-free borrowing with clear repayment terms
Pros and Cons of a $1,000 Payday Loan
Let's be honest about both sides:
Pros
Lightning-fast approval: Get money within 24 hours, sometimes same-day
No credit check required: Approval based on income, not credit score
Simple application: Apply online in minutes with minimal paperwork
No collateral needed: Unlike car title loans, you don't risk losing assets
Cons
Extremely high cost: APRs of 391%-782% are among the highest legal rates
Short repayment window: Full payment due in just 2-4 weeks
Debt trap design: 80% of loans aren't repaid on time, leading to rollovers
Overdraft fee risk: Failed payment attempts can trigger $35+ bank fees
No credit building: Payments don't improve your credit score
Payday Loan Laws by State
Payday loan regulations vary widely across the U.S. Some states ban them outright, while others allow APRs above 600%.
States that ban or cap payday loans at 36% APR: Arizona, Arkansas, Colorado, Connecticut, Georgia, Illinois, Maryland, Massachusetts, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Pennsylvania, South Dakota, Vermont, West Virginia, and Washington D.C.
States with fewer restrictions: Texas, Utah, Nevada, Missouri, and several others allow payday lenders to charge $20 or more per $100 borrowed with minimal caps.
Before borrowing, check your state's payday lending laws to understand what protections you have. In states that cap rates at 36% APR, a $1,000 loan would cost roughly $14 over two weeks instead of $150-$300.
The Bottom Line
A $1,000 payday loan costs $1,150-$1,300 if repaid in two weeks, but most borrowers can't repay that quickly. The average borrower ends up paying $520 in fees to borrow just $375.
Before choosing a payday loan, explore credit union PALs, personal loans, or even credit card advances - all offer significantly lower costs.
How much would a $1,000 payday loan cost in total with fees and interest?
A $1,000 payday loan costs $1,150-$1,300 if repaid in two weeks ($150-$300 in fees). However, 80% of borrowers can't repay on time. After six months of rollovers, you could pay $1,400+ in fees alone while still owing the original $1,000.
How much would a $1,000 payday loan cost per month in payments?
Payday loans aren't designed for monthly payments - they're due in full within 2-4 weeks. If you roll over a $1,000 loan monthly, you'd pay $200-$300 in fees each month while the principal balance remains unchanged.
How much would a $1,000 payday loan cost if paid back in 2 weeks?
If paid back in exactly 2 weeks as intended, a $1,000 payday loan costs $150-$300 in fees, depending on the lender's rate ($15-$30 per $100 borrowed). Your total repayment would be $1,150-$1,300.
How do payday loan costs compare to credit cards?
Payday loans are dramatically more expensive. A $1,000 payday loan costs $150-$300 in fees over two weeks (391%-782% APR), while a credit card at 25% APR would charge about $10 in interest over the same period. Even credit card cash advances are significantly cheaper than payday loans.
Can I get a payday loan for $1,000?
Yes, most payday lenders offer loans up to $1,000, though maximum amounts vary by state. Some states cap payday loans at $500 or less. You'll typically need proof of income, a bank account, and valid ID. Keep in mind that borrowing the full $1,000 means paying $150-$300 in fees for a standard two-week loan.
What credit score do I need for a $1,000 loan?
Payday lenders generally don't check your credit score at all. Approval is based on having a steady income and an active bank account. For better alternatives like personal loans, you'll typically need a score of 580+ for bad credit lenders or 670+ for competitive rates. Credit union PALs also have more flexible requirements than traditional lenders.
How can I get $1,000 fast without a payday loan?
Several options are faster and cheaper than payday loans. Credit union Payday Alternative Loans (PALs) offer up to $2,000 at a maximum 28% APR. Many personal loan platforms approve applications within 24 hours. Employer paycheck advances are often free. Cash advance apps like Earnin or Dave offer small amounts with no interest. Selling unused items or picking up gig work through DoorDash or TaskRabbit can also generate quick cash.
What's the easiest payday loan to get?
Online payday loan brokers like those listed on our comparison page tend to have the simplest application process. Most require only proof of income, a bank account, and valid ID. Approval can take minutes, with funding as fast as the same business day. However, the ease of getting a payday loan is part of what makes them risky. The simpler the approval, the higher the fees tend to be.
