I've Never Had A Payday Loan Before, Will It Be Possible To Borrow $1,000?

It's not usual to be offered a $1,000 payday loan as a first-time payday loan borrower. Those that do tend to be based offshore in places like Costa Rica and Grenada and only trade online.

Otherwise, the norm is for a client to first build up a track record of repayment from the company before a loan of $1,000 will be considered.

For the most part, $1000 payday loan companies start off customers with a $300 loan and over time step up the loan amount incrementally before agreeing a $1,000 payday loan.

For people with no or poor credit history, a payday loan company may be the only means available to them to obtain $1,000-worth of credit. As payday loan companies are considering a very narrow timespan, the three weeks or so  between paychecks, they are not very concerned with a borrower's past record in repaying credit. Typically, access to a $1000 payday loan will be based on a borrower's payment record during their time with the company.