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May 26, 2021 · Most of the best places to borrow $1,000 with bad credit will require credit scores toward the upper end of the bad credit range. But people who cannot qualify can consider other options like no credit check loans, secured personal loans, and borrowing from friends and family. Best Places to Borrow $1,000 With Bad Credit

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For example, if you live in Ontario, a $1,000 payday loan will have a borrowing fee of $150 for a total loan cost of $1,150. A $1,000 installment loan with an interest rate of 46.96% and a 6-month term will cost $141.34 every month for 6 months for a total loan cost of $1,141.34, which is slightly less than a payday loan.

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