Short Term Loans For Bad Credit.

Up to £5,000 paid out by 2:58am

Fast 3 to 36 month online loans.

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100% No obligation loan quote

Accept and get your cash in 15 minutes

We don't charge any fees, ever!

We don't credit check*


Representative APR 49.9%.

Representative Example: £1,200 borrowed for 18 months. Total amount repayable £1628.28 in 18 monthly instalments of £90.46. Total Interest £428.28. Interest Rate 49.9% pa (variable). Rates between 9.3% APR and 1294% APR - your no obligation quote and APR will be based on your personal circumstances. Loan term lengths from 3 to 36 months.
†Loan amount subject to lender's requirements and approval. Subject to lenders requirement and approval. Once approved, your cash will be sent within 15 minutes. The time that it takes for the cash to be received in your account will depend on your bank’s policies and procedures.
*New Horizons will not perform a credit check, lenders will complete a soft search when assessing your eligibility for a loan. If you accept a lender’s loan offer, they will perform a hard credit search.

Short term loans for bad credit – What do you need to know?

To give everyone the same access to loans, many direct lenders are now offering a range of short term loans to people who would have struggled to be approved in the past because of bad credit. Understanding that traditional credit scores no longer offer a true reflection of your ability to repay a loan, many direct lenders in the UK are now focusing on more relevant details when assessing your application, including your current employment status, your income and expenditure and residential status.

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. Specifically designed for people with bad credit, these short-term loans provide people with instant access to funds in times of emergency.

Q1 – I have a bad credit rating, how much can I borrow?
Q2 – Are short term loans for bad credit more expensive?
Q3 – How do I apply for a short-term loan with bad credit?
Q4 – Is a bad credit short term loan right for me?
Q5 – Do short-term loans feature a credit check?
Q6 – What is a bad credit loan?
Q7 – Does New Horizons offer short term loans for bad credit?
Q8 – I am struggling with my debt and can’t get a loan to consolidate, what next?

I have a bad credit rating, how much can I borrow?

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

Are short term loans for bad credit more expensive?

Short term loans online are available to customers who have a good credit rating and those who have a poor credit score. The rates that you are offered will be dependant on your credit score, how long you have been in your job, how much you earn and your ability to repay the loan. That means low-interest loans bad credit does not mean you will get the cheapest deals on the market, at New Horizon’s we will help you find the best uk short term loan for your circumstances.

How we compare

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
Approximate monthly cost of borrowing £100
£13
No obligation quote
Can I apply with bad credit?
Yes
Instant decision
Can I repay in instalments
Yes
Flexible repayment
Do we credit check?*
No
No credit footprint

Ready for a quick loan?

Access £50 to £5,000 today

Secure UK Site Secure UK Site

100% No obligation loan quote

Accept and get your cash in 15 minutes

We don't charge any fees, ever!

We don't credit check*

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

We believe that having a bad credit score should not prevent you from getting 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.

Using the information you provide to us, you will be instantly matched with reputable 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 eliminates the worry of your credit score is negatively affected by your application being denied. As a result, applying for short term bad credit loans has never been easier, and with more and more direct lenders in the UK now offering such loans, the unfair disadvantages of having a bad credit score are finally being removed.


h2>Is a bad credit short term loan right for me?

Direct short term loan lenders offer a variety of rates and terms. If you have any bad credit in the past 6 years, you are likely to be declined by high street banks, however, UK short term loans may still be an option for you. You can apply for short term loans online at New Horizons and our short term loan direct lenders will use soft search technology which won’t impact your credit score.

No Credit Check Loan

 

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

‘Soft Credit Match’ technology matches your profile to over 50 Financial Conduct Authority (FCA) approved loan companies without leaving any mark on your credit record.

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

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Do short-term loans feature a credit check?

The short answer to this is yes. If you apply for a 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, no matter what some companies would lead you to believe. However, this is not as bad as it once was. Whilst previously this would have likely made it difficult for people to get short-term loans if they had a bad credit score, many lenders are now changing how they assess a person’s suitability. If a company is advertising short term loans with no credit check they should be avoided.

Understanding that there are many people with bad credit scores who are being wrongly penalised, many lenders now offer short term loans for people with bad credit in the UK. As a result, an increasing number of people are passing credit checks despite having poor credit scores and are therefore being given equal access to short-term loans when they need them.

What is a bad credit loan?

Bad credit loans are a product to help customers who are looking for a short term loan but who have had some credit problems in the past. If you are looking for a direct lender short term loan, we are able to introduce you to some of the best uk short term loans.

If you have missed payments on credit in the past, had a default or a CCJ, being approved for the best short term loans can be a challenge, at New Horizons, however, we can assess your likelihood of being accepted for a short term loan for bad credit without impacting your credit history.

Does New Horizons offer short term loans for bad credit?

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, it is essential that you 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.

www.moneyadviceservice.org.uk
www.stepchange.org
www.nationaldebtline.org

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