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

What are short term loans for bad credit?

Short term loans for bad credit are loans designed to help those with low credit scores access short term finance. Usually, those with poor credit might think they won’t be able to get a small loan, however with New Horizons you can, and we have the best short term loans for poor credit available.

Whether you have a good or bad credit rating, we can help you find the best loan for your circumstances from our great panel of lenders.

You can apply for a short loan for bad credit without having your credit report impacted. Our short term loans for bad credit direct lenders use soft search technology which assesses your likelihood of being accepted for a short-term loan for bad credit without impacting your credit history. Resultingly, out of the thousands of applications, a high percentage are approved every day.

short term loan bad credit

Many direct lenders are now offering short-term loans for people with bad credit.

As with other short-term loans, these loans are often for small amounts of money and feature a short repayment period; usually around one month. These short term loans for poor credit provide those who need it to have instant access to funds in emergencies.

How much can I borrow with a bad credit short term loan?

Short term loan bad credit direct lenders offer a variety of loan amounts and terms. If you are looking for the best short term loans for bad credit in terms of cheapest or lowest-interest, our panel of direct short term loan direct can help you borrow any amount from £50 to £5,000 over 3 to 36 months.

How quickly can I receive a short term loan for poor credit?

If you decide that you want to apply for a bad credit loan via New Horizons, you can do so at any time with any device.

You can receive your loan short term bad credit within the same day. All you need to do is complete the application which you can do from any device and will take around two minutes to complete.

Once you submit your application you can receive a decision in as little as 15 minutes. If you are accepted, your short loan for bad credit can be paid into your bank that day.

It's quick & easy

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Are short term loans for bad credit more expensive?

No, small short term loans for bad credit aren’t more expensive. Nowadays, rather than simply using credit scores to determine the cost of the loan, rather it is your ability to pay the loan back as this is the risk the lender is exposed to. The lower the risk to the lender, the lower the cost of the loan. Therefore, variables such as your employment history and salary are equally as important.

How do I apply for a short-term loan with bad credit?

We believe that having a bad credit report should not stop you from obtaining a short term loan when you need one. Thankfully, many direct lenders in the UK now agree with us. Therefore, to help people with bad credit scores get access to the short-term loans they need, we have created a simple application process.

We believe that having a bad credit report should not stop you from obtaining a short term loan when you need one.

Using the information you provide to us, we match you with reputable short term loan for bad credit lenders who we have calculated can give you the best deal and also who are most likely to approve your loan. This allows you to quickly compare the loans being offered to you, as well as eliminating the worry of your credit score being negatively affected by your application being denied.

Applying for short term bad credit loans has never been easier. There are more and more direct lenders in the UK now offering such loans, the unfair disadvantages of having a bad credit report are finally less evident.

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

Is a bad credit short term loan right for me?

Direct short term loan lenders for bad credit offer a variety of rates and terms. If you have any bad credit in the past six years, you are likely to be declined by high street banks; however, short term loans may still be an option for you. You can apply for loans online at New Horizons, and our short-term loan for bad credit direct lenders will use soft search technology which won’t impact 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

Do short-term loans for bad credit feature a credit check?

The short answer is yes. If you apply for any short term loan in the UK, The Financial Conduct Authority requires the direct lender to perform a credit check on you. There is no way around this so if a company is advertising short term loans with no credit check they should be avoided as they are bypassing UK law.

If you have poor credit, you may be worried about your credit score being checked and your loan denied because of it. Don’t worry because a loan for bad credit is designed for those with low credit scores and an increasing number of people are passing credit checks despite their credit score. Bad credit short term loans provide equal access to these loans when you need them.

How can I increase my credit score?

You can get a short term loan with poor credit but if you are looking to improve your credit report, there are a number of steps that you can take to increase your score over time.

  • Check your credit report: This allows you to make sure that the information about is you correct and many companies offer a free credit report. If you find any errors, you can contact the credit reference agencies and request the correction. Adding yourself to the voter’s roll is also a good idea if you haven’t already.
  • Make repayments on time: If take out a loan or are paying via a credit card make sure all payments and repayments are on time. If you are late, miss a payment, or pay under the amount this will be reported and reduce your credit score. It’s not just credit accounts, it’s also mobile phone and utility companies that will report them.
  • Keep credit balances under their limit: This is a good indicator that you are managing your debts and are not over-reliant on credit. Making more than the contracted minimum payments can also improve your score.
  • Close down old credit cards or accounts: Having these credit cards or accounts open that you don’t use harms your score as they will show as available credit. Closing them down and paying off balances improves your credit score.

What information is shown on my credit report?

Your credit report will show a variety of different things. Your personal information such as your name, date of birth, current and previous addresses and any people you are financially linked to. They will also show a breakdown of your credit accounts. This will include the name of the creditor, the balance, payment history and current status of the accounts.

Public records, such as County Court Judgments or bankruptcies would also be shown. Any credit searches that have been carried out would also be shown.

Different information may be help by the three credit reference agencies as not all creditors report to all three agencies.

I am struggling with my debt and can’t get a loan to consolidate, what next?

If you are struggling to meet your monthly repayments, and you have been unable to reduce them, you can seek advice. Firstly, speak to your creditors if you are going to be unable to make a repayment. They may be able to help you.

Do You Need a Loan?

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