£1,000 Loans – Apply to Borrow 1,000 Pounds

If you have a poor credit rating, you may be wondering what your options are if you receive an unexpected bill or your boiler packs up and you need to apply for a loan.

Where can I get a £1000 loan if I have bad credit?

You may be able to apply for a loan if you have poor or bad credit. Some lenders are willing to consider your current financial situation when deciding whether to lend to you.

Little Loans is a credit broker, not a lender. We work to match potential borrowers with a loan product that’s right for them. We have a panel of lenders, some of whom specialise in loans for applicants with poor credit history.

How can Little Loans help me search for a loan?

If you're not sure how to search for a loan, or where to find loan offers that are competitive and affordable for you, the options available can be confusing.

Little Loans has tried to make the process as straightforward as possible. Fill out our application form and we’ll run a soft search eligibility check using the details you’ve provided.

How can I apply?

If you’ve decided that checking your eligibility for a loan is right for you, you’ll need to complete our online form, where you’ll share with us some of your financial and personal information.

We’ll conduct a soft search on your credit file; this should take no longer than 60 seconds. A soft credit search does not affect your credit score and is visible on your credit file only to you.

Following the soft search, you’ll be shown your result on your screen. If we’ve been able to match you with a lender, you’ll then be able to click through to their website to complete a full application. This will include a hard credit check, which is visible on your credit report and will affect your credit score.

Your lender will show you your loan offer including the key information you need to know to make the right decision for you. The type of information you'll see will include your interest rate, your monthly repayment amount, and the repayment dates. Make sure you read this through carefully before deciding whether the offer is right for you.

How quickly can I receive the money?

If you’ve been approved for a loan, it’s important to read your terms and conditions thoroughly. If you’re sure you can comfortably afford the monthly repayments, you may want to go ahead and accept your loan offer. Of course, if it’s not right for you, that’s fine – you are under no obligation to accept a loan if you do not feel it suits your circumstances.

If you are approved for a loan the money could be sent to your bank account on the same day your application is approved.

What can I use the money for?

People apply for £1000 loans to pay an unexpected bill, car repairs, or a new boiler, for example. You should never borrow more than you need to, and you should make sure you can afford the monthly repayments without this affecting any of your essential bills, such as your rent or mortgage, utilities, and food.

What happens if I can’t afford my repayments?

If your situation changes and you find yourself unable to make your loan repayment, you should contact your lender as soon as you can. They will want to understand what your circumstances are and how they can help you manage your account.

If you’re worried about money, you can find free, impartial advice on websites such as Citizens Advice, National Debtline, and MoneyHelper.

Little Loans have teamed up with debt charity StepChange to provide a free Money Health Check. By answering a few questions about your financial situation you’ll be able to access advice and support.