Representative 49% APR
Representative Example: Borrowing: £1200 for 18 months, Total Repayable: £1628.28, Total Interest: £428.28, Interest Rate (Variable): 49.9%. Rates between 9.3% APR and maximum 1721% APR. New Horizons is a registered trading name of New Horizons Finance Limited, which is an Introducer Appointed Representative of Flux Funding Limited, who are a credit broker, not a lender. Loan repayment terms are 3-36 month loans.

Warning: Late repayment can cause you serious money problems. For help, go to

No credit check loans – Are they real?

The quick answer is no. With most direct lenders using their criteria to assess an application, as well as general uncertainty regarding how credit scores and credit checks are conducted, many people have been left confused by what the process involves. This lead to an increasing number of people looking to avoid credit checks altogether, which has created a demand for no credit check loans.

Porr credit loans

Therefore, it is common to see advertisements for many such products, including payday loans no credit check and a short-term loan no credit check. Any short-term loan that can be approved without the need for a credit check or guarantor is something that many customers want.

Whilst some lenders advertise such quick loans without credit checks, the reality is in fact very different. With The Financial Conduct Authority demanding all authorised direct lenders to perform mandatory credit checks, if you see a company claiming to offer loans without a credit check, they are not being entirely honest with you.

New Horizons partners can help by checking your eligibility for a loan without performing a credit check. Their technology uses a ‘soft search’ algorithm to identify which lenders will accept you based on your personal information. It improves your chances of getting a loan and finds the best APR available from our panel of lenders for your circumstances.

Payday loans with no credit check – How do they work?

Concerns and uncertainty about how credit scores impact the chances of being approved have unfortunately resulted in lots of confusion. There are no universal criteria for credit scores. Many people are scared of applying for loans in case they are turned down and thereby negatively affecting their credit scores. A growing number of people are seeking to avoid credit checks entirely.

As such, there has been a growing demand and subsequent market created for payday loans with no credit check at all. However, the problem with this is that there is no such thing as no credit check payday loans. The Financial Conduct Authority requires all direct lenders to perform mandatory credit checks. It means that if a company claims to offer such a loan, they are not telling you the whole truth.

Therefore, when applying for a loan, the lender will perform a credit check to check your suitability. However, this does not mean that people worried about their credit scores should not apply for such loans. Understanding that people can have a bad credit score for a variety of reasons, many of which are often accidental, an increasing number of payday loan lenders in the UK are now using new criteria in regards to how they view your suitability for a loan.

Looking past previous credit scores, many lenders now take into consideration your present-day situation, such as your current employment status. As such, many lenders are currently approving loans for people who previously would have had difficulty getting access to such funds.

Any company offering loans has to be authorised and regulated by the FCA. All lenders have to perform a credit check to meet FCA rules.

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Will bad credit stop me from getting a loan?

The truth is that if you require a loan and want to use a reputable, authorised direct lender, there is no way of doing so without having a credit check. Of course, it creates a problem. If you have bad credit, how can you get loans if there is no way to avoid a credit check? When you apply for a loan, the direct lenders perform its own form of credit check to gauge your suitability.

Understanding that a person can have a bad credit score for a variety of reasons, many of which are often no fault of their own, UK direct lenders are now using new criteria in regards to how they view a person’s loan suitability. Looking past outmoded credit scores, many lenders now prefer to take into consideration your present-day situation, such as your current employment status. Therefore, many lenders are now approving loans for people who previously would have had difficulty being approved.

Payday loans no credit check no guarantor, are they legitimate?

Traditionally, direct payday lenders would insist loan applicants met certain criteria before approving a loan. One such requirement was the need for a guarantor. A guarantor was a person who would repay the loan should you not and was seen by many lenders as an essential part of a person’s application. Because of this, many people were simply unable to get a loan because they did not or could not get access to a guarantor.

Luckily, things are now changing. Understanding that everyone has their unique circumstances, many companies are now advertising payday loans with no credit check and no guarantor. Whilst we know payday loans with no credit check don’t exist, direct lenders are being truthful in claiming they offer no guarantor loans. Looking past this need for a guarantor, many lenders now focus on different criteria, such as your current employment status. As such, people previously unable to get such loans because they did not have a guarantor are now being given the same access to emergency funds as everyone else.

As a loan introducer, we do not charge for our service nor have any alliance with any lenders. We strive to match people with the best lenders for them based on their situation; many lenders who feature, now provide payday loans with no guarantor. Such loans are as competitive to those that require guarantors in that you will not be penalised in the form of higher repayments etc, simply because you do not have a guarantor.

This, as well as changes in how new payday loan lenders now assess a person’s suitability regarding a loan, means more people now have access to emergency loans no guarantor than ever before.

Is a payday loan no guarantor right for me?

A payday loan is a particular type of loan and therefore should only be used in the way it is designed to be used. The most important thing to remember about this type of loan is that they generally feature a very high APR. As such, payday loans should only be used in an emergency and when you know you can quickly repay the money you borrow. These loans are designed to help people who suddenly find themselves unexpectedly needing extra funds, such as for an emergency car or home repair. If only used in such situations and repaid within the agreed time, payday loans can serve as a useful, quick solution.

Because of their high APR, you must be cautious when considering such loans. We recommend that payday loans are only used in emergency situations and not for simply getting quick cash or as a solution to a long-term financial problem, don’t get duped by companies offering payday loans no credit check no guarantor. It is of course always important to ensure you know exactly what you are getting into before taking out a loan.

All of the direct payday lenders that feature adhere to strict FCA guidelines. As such, the payday lenders featuring on the panel are required to offer full disclosure regarding their loans. Such transparency gives you the information you need to make the best decision and helps you avoid payday loans companies who claim online to provide no credit check loans.

How can New Horizons help me?

As a loan broker, our role is to help you get the best loan possible. We do this in various ways. First, our partners use the details you provide to find the lenders best suited to your specific requirements. This allows you to quickly compare the best loan deals currently available to you from a panel of lenders, with no credit check.

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