I need a personal loan of $1,000 dollars and I definitely do not want a pay day loan. Where can I go online to get a one year loan?

July 18, 2014
I would like to have a loan that I can have at least one year to pay it back. I don't have great credit, I have a fair credit rating to be exact. Everywhere I apply they keep trying to trick me into a pay day loan and no one will be honest enough to tell me what the interest rate is or how much my payments would be. After I fill out the...

Advisor answers

You might try one of the online lending groups such as http://LendingClub.com or http://Prosper.com.

Good luck and I hope this helps!

Johanna Fox Turner, CPA, CFP®, RLP®

Sign up for my free newsletter here

Mike Eklund

Mike Eklund


Do you own a car today? Typically, you can get a loan or refinance your existing loan at a much cheaper rate than a personal loan without collateral (i.e. car or house). Other options are a home equity line of credit on your house or even consider a credit card with the 0% intro rate for 12 months ONLY if you will be able to pay back in one year. LendingClub and Prosper are options, but keep in mind that there rates will be very high, but not as bad as pay day loans.

  • Contact advisor