If you are looking at taking out a 1000 loan then there are a number of things you should be careful of.  If you do not want to get into trouble when repaying your loan take note of the following:

1.  When taking out a loan make sure that you know all the costs or charges associated with that loan.  This might include a delivery fee, or late payment charges or some form of payment protection insurance.  There are frequently additional charges associated with loans, even with sums as small as a 1000 loan.  Be aware of them.

2.  Make sure that you know whether you can take payment holidays.  If times do get tough for you and repayments become increasingly difficult then being able to take a payment holiday can be a lifesaver.  Better to have them in place at the beginning rather than having to negotiate them at times of maximum stress.  Use payment holidays sensibly.  Make sure you build up your cash reserves so that when you start payments again you are not right back in the thick of problems again.

3.  The length of the loan term will determine how expensive the 1000 loan is to take out.  It would be easy to think that you can repay any borrowing quickly by using up all your spare cash each month.  This may theoretically be possible but is unlikely to be practical.  Unexpected costs could well upset your plans and put you in financial difficulty.  Be realistic over the term of the loan.