**Warning:** Late repayment can cause you serious money problems. For help <a href="https://moneyhelper.org.uk" target="_blank">moneyhelper.org.uk</a> | **Representative APR: 49.9%**
**Warning:** Late repayment can cause you serious money problems. For help <a href="https://moneyhelper.org.uk" target="_blank">moneyhelper.org.uk</a>

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 moneyhelper.org.uk.

How to get a payday loan when you have a poor credit rating?

Have you been faced with a sudden unexpected expense or family emergency, a payday loan can provide you with fast access to cash.

There are various reasons why people search for “payday loans bad credit”. However, most of our applicants are looking to borrow because they are faced with an unexpected bill or unforeseen circumstance and need access to some extra funds to help make ends meet.

bad credit payday loans

Payday loans are created for people who need small loans quickly and would normally struggle to get such loans because of their poor borrowing history.

These types of loans are designed for unexpected, one-off expenses, and have been created to help people until their payday.

Payday loans, also sometimes referred to as a payday advance, are most commonly characterised by a short repayment period, a small amount of money and a relatively higher APR. A bad credit payday loan is specifically designed to help individuals get quick access to the money they need, even with a poor credit score.

We receive over 4,500 applications every day, and we’re able to give many applicants’ access to a bad credit payday loan that is suitable for their circumstances.

New Horizons

Whatever the reason, whatever your circumstances, New Horizons can help. There are only a tiny percentage of people we can’t help, so the odds are stacked heavily in your favour.

It's quick & easy

Apply for a loan

No Credit? No Problem

More and more direct lenders at New Horizons now help customers with poor credit or no history.

Bad Credit Accepted

There are times when we could all do with a little extra cash to help keep our heads above water, whether we have bad credit or not. We don’t believe you should be punished for many years because of a past mistake.

At New Horizons, we do everything we can to help you find the right bad credit payday loan. We provide access to loan providers in a user-friendly way that’s straightforward, quick, and transparent.

Will my credit score affect my loan?

Our panel of lenders includes many that specialise in providing payday loans for bad credit in the UK.

We understand that it doesn’t take much to damage your credit score, and we don’t believe you should be denied access to finance because of a past mistake.

New Horizons

Most applicants that make an application for a payday loan via New Horizons have the funds transferred to their bank account on the same day.

Can I check if a bad credit loan is right for me?

You can apply and get an instant decision without being under any obligation or affecting your credit score. We can do this because lenders only initially perform a soft search, which leaves no permanent mark on your credit report for other lenders to see. You can have as many soft searches as you like without affecting your report.

At New Horizons you can search for a direct lender who is most likely to approve bad credit payday loans in the UK without the worry of this leaving you with a worse score. Not only does this allow you to search a wide range of lenders for the right deal, but it also enables you to do so without it having a negative effect.

If you have a bad credit score, don’t worry, there are lenders who will still consider your application for a loan.

New Horizons

Failing a credit check, unfortunately, creates a damaging, negative cycle in which people with low scores are not only turned down for payday loans, but loan lenders will downgrade their score even more. One consequence of this is that it can become even more challenging to get a payday loan in the future.

Traditionally a loan application would involve a full credit search. If an applicant is denied, it shows on their record. Any subsequent lenders who performed a search would see another company has already refused you, and this would reduce your chance of them accepting you. It can compound the problem, as every denied application would leave another mark on your report, lowering your score and decreasing your chance of being accepted in future.

If you accept a loan offer, the direct lender will do a full credit check. However, at this stage, you will already know you meet the lender’s criteria. With a full search performed, making the repayments on time should only improve your score.

Find your best rate loan without needing an initial credit check.

‘Soft Credit Match’ our broker partner’s technology matches your profile with our industry-leading panel of Financial Conduct Authority (FCA) approved direct lenders without leaving any mark on your credit record.

With no obligation & no cost – it’s the best way to find a loan.

Get Your CreditMatch

Does having a bad credit rating mean I will be automatically declined?

Not at all. If you have poor credit, there are lenders, such as many banks or building societies, that will not consider lending to you. However, there is a growing volume of lenders that specialise in providing payday loans for a poor credit score.

New Horizon’s has a huge panel of lenders who are all authorised and regulated by The Financial Conduct Authority. The lenders they work with offer bad credit loans and help people of all circumstances. Our lenders can also provide you with an instant online decision for an application.

Am I guaranteed to get a loan at New Horizons?

New Horizons gives you simple, instant access to a vast selection of loans; unfortunately, none of these is a guaranteed loan, because they don’t exist. These lenders are selected based on the information you provide us and are those that are most likely approve your bad credit payday loan quickly. Allowing you to choose the direct lender for you, you can be confident in the knowledge that you have a high chance of being approved.

I have a CCJ, can I still get a loan?

Yes. A CCJ stays on your record for six years, and we don’t believe you should be excluded from the personal loan market for this length of time. Many of our lenders specialise in bad credit loans, even for those with a CCJ against their name. Apply today and discover how New Horizons can help. You’re under no obligation and applying won’t affect your score in any way.

I have been bankrupt in the past, can I still apply?

Yes. Bankruptcy doesn’t automatically exclude you from getting a bad credit payday loan. In real-world terms, it often means the person has learnt a lot of tough lessons and is unlikely to do anything that would jeopardise their financial security again.

Many of the companies that specialise in providing loans for people with lower than average credit scores will also be able to help you if you’ve been bankrupt in the past. Our panel is generally interested in your more recent circumstances than your history.

Bankrupt and CCJ

Will I be accepted with no credit check?

There is a short answer to this question, no. Because The Financial Conduct Authority requires all lenders to carry out a credit check on your application. Those that mislead you by offering so-called ‘guaranteed loans’, there is no way of knowing for sure whether direct lenders will approve your loan until you apply.

Our technology matches you with the direct lender more likely to accept your application.

New Horizons

There are no such things as guaranteed loans with no credit check. However, this led to an extremely negative cycle in which people with bad credit were often denied loans; making it even more difficult for them to get the loan they need in the future.

Our technology matches you with the direct lender more likely to accept your application. Having this information before you apply significantly reduces the chances of your application being denied. Furthermore, this ensures you quickly get the money you require as well as protecting your credit score.

What you need to know
Why use us?
How much can new customers borrow?
Up to £5,000
No fees, ever!
What are the repayment terms?
3 to 36 Months
No paperwork
Representative APR
49.9% (variable)
No obligation quote
Can I apply with bad credit?
Instant decision
Can I repay in instalments
Flexible repayment
Do lenders credit check?
We only soft-search

Can you get an instant decsion online?

Yes. Both New Horizons and our panel of direct lenders work hard to ensure the process is as user-friendly and straightforward as can be. You can complete the application online from start to finish. Meaning there is no confusing paperwork or inconvenient appointments you must attend that slow the process down.

You can complete your application on your smartphone, tablet or computer. We compare payday loans from over 50 lenders automatically for you, and we provide you with an instant decision and the best payday loan currently available for your situation from our panel, even if you have bad credit.

It's quick & easy

Apply for a loan

Will the lenders New Horizons works with use Soft Search?

All authorised direct lenders are required by law to perform credit checks on loan applications. Therefore, if you see a company advertising guaranteed payday loans with no credit check they are likely not being truthful with you. What this means is by applying for a so-called guaranteed loan you could be damaging your score without even knowing it.

However, this doesn’t necessarily mean these loans are difficult to get if you suffer from a poor rating. The good news is that our lenders will only soft search your application, so your score isn’t harmed.

If I have a bad credit score, will I need a guarantor?

Some lenders will insist on a guarantor while others won’t. Having a low score doesn’t automatically mean you will need a guarantor. However, using a guarantor can make you a potentially lower risk to lenders. If one is required to secure the best deal for you, the lender will tell you. Most people ask a close friend or family member with a good credit score to act as a guarantor for them.

What should I do if I am struggling with debt?

If you are struggling with your debts and require assistance, you can speak to the companies below, free of charge.


Do You Need a Loan?

Apply now and the money could be in your bank today*. It only takes a few minutes to check your eligibility with a soft credit check.

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