If you need to borrow £2000 but, unfortunately, have bad credit, there are still lenders who will consider your application. In previous years, if you needed a £2000 loan for bad credit, lenders would have required you to have a guarantor to co-sign the loan, however, modern direct lenders in the UK now offer s range of short term loans that do not require a guarantor. This gives customers much more freedom in their loan search and allows customers who may not be able to access a guarantor to obtain credit.