If you feel as though payday is a long way off and you’ve got unexpected or emergency payments to make, you could consider applying for a short-term 1000 pound loan. A short-term loan is just that, short-term. It’s usually paid back between 3 and 36 months, and it’s specifically designed for use in emergency situations only.
Before applying for a 1000 pound loan, you should approach family and friends to see if they have the cash you need, failing that, consider selling unwanted or unused items around your house to make up the cash you need. Short-term loans can be expensive, and, if you default on the £1000 loan repayments you could seriously damage your credit score.
With that being said, in certain situations a 1000 loan may be the best choice to tide you through. If you’ve exhausted your options and find yourself under financial strain but confident you’ll be able to meet your repayments in the future, then applying for a 1000 pound loan with ThisLender could be a good solution.
Top Tip: Remember to exhausting all other financial avenues before applying for a 1000 pound loan. Need some cash-making inspiration? Here at 10 Easy Ways to Make Cash Fast.
It’s pretty much what it sounds like, a short-term loan for £1000. After you agree to borrow the 1000 pound loan, the lender will then expect repayments in the form of a lump sum or through monthly installments until the loan amount, plus interest, is repaid in full.
These short-term 1000 loans are specifically designed to cover you financially in emergency situations. And because borrowers need the cash quickly, they’re easy and straightforward to apply for.
As we’ve already mentioned, you should only apply for a 1000 pound loan to cover emergency or unexpected circumstances. Let’s say your fridge leaks, your boiler breaks down, or your car needs work done to it and you have to pay someone to fix it, you could use your 1000 pound loan for those instances. What it shouldn’t be used for is non-essential purposes such as a spa day or a night out.
Some common uses of £1000 loans include:
It might be tempting to panic and make a rushed decision, particularly in an emergency. But remember, don’t rush into applying for a 1000 pound loan, you could get yourself into financial trouble if you can’t afford to repay it, or you default on a loan repayment. If you’re struggling to manage your debt or just want some free advice, you can visit MoneyHelper for free, impartial money advice.
Yes, you could be eligible to borrow £1000. Before you apply for your 1000 pound loan, check to see if you meet the following direct lender criteria:
Even if you’re eligible, it’s a good idea to go through a mental checklist of whether a 1000 loan is right for you. There are certain factors you should consider before deciding to borrow. A 1000 pound loan might be the right choice for you if:
If you’re looking for a £1000 loan from a direct lender, be sure to do your due diligence to find one who is trustworthy and offers you the best rates. After that, applying directly through a lender is easy, simply choose the lender you like the look of and apply using their online application process.
Or, you could use a free broker, like us. At ThisLender, we work with a panel of FCA approved 1000 loan lenders and can quickly use our contacts to put you in touch with the best one for your needs.
We do all the hard work for you and match you with a suitable lender, our decisions are instant, so what are you waiting for?
Remember: ThisLender, and the lenders on our panel, are authorised and regulated by the Financial Conduct Authority (FCA). To check if a Lender is regulated, you can search Financial Services Register at any time.
No. No one is guaranteed to be accepted for any loan, even if you apply. To be in with a good chance of being accepted, you must check to see if you meet the direct lender’s criteria above. The lender will also check your current circumstances before accepting your application.
Always be suspicious of lenders who try to offer you 100% guaranteed loans that don’t require credit checks or a guarantor. If it sounds too good to be true, it usually is.
Yes, you can apply and get accepted for a £1000 loan even if you have bad credit. 1000 loans for bad credit are in place to help people who don’t have a perfect credit score still be able to access funding.
Our lenders look at the bigger picture of your financial situation, accessing multiple aspects of your finances, including income and expenses. Although your credit history makes up just one part of the application process, it is important to carefully consider whether or not a 1000 loan for bad credit is right for you.
You can increase the chance of your application getting accepted by improving your credit score with these tips from Experian.
No, it is not possible to get a £1000 loan without having a credit check. All of our UK direct lenders require a credit check as standardthat’s what makes them safe and trustworthy lenders! But, as we said above, just because you’ve got bad credit, doesn’t mean you won’t get accepted for a 1000 pound loan. Credit checks are crucial, they help lenders make the decision of whether to lend to you or not.
In the event you have adverse credit, you still have options. Don’t be put off from applying, here at ThisLender we do our best to find funding solutions for everyone.
Remember: ThisLender will not perform a credit check; lenders will complete a soft search during the application process. If you accept a lender’s loan offer, they will perform a hard credit search.
Not necessarily. The majority of lender repayment terms and conditions might ask you to repay your 1000 loan on your next payday if you can afford to, or one week after you’ve received your loan.
But some lenders will allow you to repay your loan over a period of time, usually between 3 and 36 months. The installments would be paid regularly on a monthly basis until you have paid back the loan amount plus interest in full. Read your lender’s repayment terms and conditions carefully so you understand when you need to repay the loan.
Remember, you need to make sure there is enough money in your bank account ready for the repayments to be taken. Before taking out a 1000 pound loan, or any loan for that matter, you should be certain that this will be the case.
During the application process, the lender will present you with options for your repayment periods. This allows you to stay in control over your repayment term and helps you to repay the borrowed money at a pace that is comfortable for you.
If you wish to borrow £1000, you will need to complete our simple online application form, which includes personal and affordability information. Once submitted, our loan matching technology will match you to a suitable lender. If approved, you will be automatically redirected to the lender to complete the final part of the loan process.
When applying for a 1000 loan through ThisLender, please expect to answer:
Then, after being matched with an appropriate lender, the lender will typically require:
This process allows us to ensure that you’re borrowing safely.
The ability to access short-term, 1000 loans when needed can provide a variety of benefits for people. Previously, consumers were restricted to traditional funding sources where access was limited. Nowadays, there are far more options. The advantages of £1000 loans include:
Here at ThisLender, helping to arrange transparent and trustworthy loans is what we do best. We want to create a safe and secure place for people to borrow responsibly.
Because of this, we only work with a select number of Financial Conduct Authority approved lenders. As our business is also FCA approved, we adhere to lending best practices and are constantly reviewing and improving our services for customers.
With ThisLender, all you have to do is make a free online application, then if we find you a match, you’ll receive no-obligation quote shortly afterwards. It really is that simple!
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Representative 49.9% APR
Representative example: Amount of credit: £1200 for 18 months at £90.46 per month. Total amount repayable of £1628.28 Interest: £428.28. Interest rate: 49.9% pa (variable). 49.9% APR Representative. Rates from 45.3% APR to 1721% APR - your no-obligation quote and APR will be based on your personal circumstances. The minimum repayment period for any loan will be 90 days from the date the loan is issued. The maximum repayment period is 3 years.
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