£1000 loans for people with bad credit
Borrow £1000 over the short term
Are you struggling with bad credit, financial problems or sudden demands for payments? Many people across the UK are in a similar situation to you, and are also having to work hard to get the cash they need to pay their immediate needs. Even if you have a good salary, there may still be times when you find yourself in need of a lot of money in the middle of the month, with nothing coming in for a fortnight or more. Rather than spending all of your existing cash to pay off the emergency bill, you might instead choose another option that can help you out of your current financial crisis. If you are struggling to raise the money you need, particularly if it is a large sum such as 1000 pounds, then you may need to look at different ways of funding your emergency.
Different ways to raise a £1000 loan
It is not always easy to get a large sum such as £1000 from a bank or building society, particularly if you do not have sufficient credit history to make them interested. You may also find that you need a different type of loan agreement to that offered by banks, or you may feel reluctant to have a loan for such a long period (sometimes up to 3 years) before it is all paid off. If you find that you are stuck wondering what sort of loan you could possibly get, then you might want to consider taking out a payday loan. There are many alternatives to this kind of loan, including ones which can allow you to repay the loan over three months. This means that you won’t have to worry about handing over all of your salary in one month to repay the loan. You may also look at taking out a guarantor loan, where a family member or friend guarantees they can repay the money in case you can’t.
A closer look at the payday loan option
Short term loans until payday
Recent news stories have made people wary about getting out a payday loan, but if you have a reasonable salary and think that you can manage the payments, then it is worth considering. If you want to borrow a large sum such as £1000, but don’t want it hanging around your neck for years, then a fast loan and fast repayment can be the best solution to your current financial situation. Payday loans can also be taken quickly, so that you can arrange the loan online, get an agreement with no credit check, and have the money put into your bank account within 24 hours. This means that you will have greater freedom to buy what you need, or pay off another loan, within that time frame, and will then have the opportunity to pay back the loan within the four week period.