Representative APR 49.9%
Representative Example: Borrowing: £1200 for 18 months, Total Repayable: £1628.28, Total Interest: £428.28, Interest Rate (Variable): 49.9%.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.

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

Instant payday loans

Instant payday loans are a kind of payday loan specifically intended to help those who find themselves suddenly and unexpectedly needing extra funds. Payday loans are traditionally small in amount and are often repaid in a shorter amount of time, usually within around three months.

Get an instant payday loan

How do instant payday loans work?

Instant payday loans refer to how quickly you can get access to the money after applying for a payday loan. Understanding that the need for such loans is often urgent and stressful, an instant payday loan direct lender strives to place the money you have requested as quickly as possible into your account. Because such loans are often required to be repaid quickly, they usually feature APRs that are higher than other types of loans. payday loans should, therefore, only be used in emergencies and are not a viable solution for long-term money issues. However, if repaid in the designated time, such loans can often be a better option than other types of short-term money lending.

Can New Horizons help me get an instant payday loan?

To meet the demand for payday loans, a growing amount of money lenders are beginning to offer an instant payday loan online. What we do as an introducer is help you easily compare instant payday loans offered the largest and most reliable lenders across the UK.

You can get quick and easy access to the money you need safe in the knowledge that all of our lenders are authorised and regulated by The Financial Conduct Authority. Of course, who you pick depends on many different factors. Understanding that everyone is unique, we use your information to find lenders that are the best suited to your requirements, and of course, those that are most likely to approve your application.

Applying for a payday loan when you have been declined elsewhere can make people nervous. Find out if you will be accepted for a loan with no impact to your credit file.

Are New Horizons a direct lender?

A direct lender is simply the name given to a bank or loan company etc. that provides monetary loans. The term can also be used to refer to the absence of a broker; that is, you will deal directly with the lender and not via a 3rd party. There are many direct lenders now offering instant payday loans in the UK.

Many people prefer to deal with a direct lender because it can eliminate broker charges and unnecessary, repetitive paperwork, as well as often being quicker. However, one drawback of this is that it can make finding the ideal lender for you often time-consuming and frustrating. While we are a payday loan introducer, not a lender, we are an introducer with a difference. First, we do not charge you for our service. Next, our partner uses a unique search process which allows us to use your information to help find the ideal lender for you and your requirements.

Can I get approved before I apply?

Finally, we also allow you to carry out a Soft Credit Match, meaning we will show you only the lenders that are most likely to accept your payday loan using the information you have given us. Doing this has two tremendous benefits. First, it can significantly speed up an application process, enabling you to get the money you need quicker than other types of lending. Secondly, it can allow you to search much more extensively for the best deal without concern over your credit score being adversely affected if you happened to be turned down for a payday loan, as might happen with more traditional loan applications.

Do New Horizons work with trusted lenders?

What can alleviate further concerns you might have and give you peace-of-mind is that all of the lenders on the panel are fully certified and accredited and have to follow strict FCA guidelines. Featuring all of the biggest, most-respected lenders across the UK, ensuring full transparency is of the utmost importance. It will ensure that you always have access to the critical information you require before making an informed decision.

Will I need a guarantor?

The sudden, instant need for payday loans brings with it many stresses, particularly for people suffering from bad credit. One such fear is, of course, the dreaded credit scoring. Lenders use your credit score to decide whether to lend you money or not. A bad credit score often means lenders are less likely to lend you money because they perceive you as a risk in regards to your ability to make repayments. We work with lenders who provide both guarantor loans and loans for people who do not have a guarantor. Whereas in the past, many lenders required this, modern lenders now understand that there is a wide variety of reasons why a person may not have access to a guarantor. As such, many lenders now offer loans without the need for a guarantor. By including such lenders, it ensures that everyone has the same access to loans in those times when they most need it.

What’s an instant no credit check loan?

There isn’t really such thing as a no credit check payday loan. The Financial Conduct Authority requires all lenders in the UK to perform mandatory credit checks on all applications. Worse, such loans could damage your credit score if your application is turned down; making it more difficult to get a payday loan in the future.

Can I improve my credit score?

Your credit score is based on various criteria, such as whether you are on the electoral roll, have had late/failed loan repayments and the duration and pattern of your credit history. However, there is no universal system; with lenders often using a different combination of such information to make their decision. Therefore, this means you can often be turned down by some lenders and approved by others through no fault of your own. Such concerns have led to some lenders offering instant payday loans without a credit check. While these, of course, may sound appealing, they are not real. To improve your credit score, making repayments on time and minimising your credit applications is a good start.

Can I get an instant loan with bad credit?

However, this doesn’t mean that people with bad credit scores cannot get loans. Understanding that people can have a bad credit score through no fault of their own, many lenders are now basing their decisions on more up-to-date information, such as your current employment situation and requirements. It means that an increasing number of lenders are providing loans to people once considered to have bad credit scores.

A similar problem is the need for instant payday loans that require no guarantor. Whereas in the past, most lenders required this, modern lenders now understand that there are a huge variety of reasons why a person may not have access to a guarantor. As such, many lenders now offer loans without the need for a guarantor. By including such lenders, it ensures that everyone has the same access to loans in those times when they most need it.

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

moneyadviceservice.org.uk
stepchange.org
nationaldebtline.or

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