Same Day Loans No Credit Check, Our Alternative | £50 – £5,000 (UK)

Can I get same day loans without a credit check?

Many people who, unfortunately, have a poor credit score look for the same day loan with no credit checks, as they think this is the only way they’ll be able to borrow money. Therefore, some lenders will say you can apply for a same day loan with no credit check. However, this is misleading at best. Responsible lenders have to perform specific assessments to decide on your application.

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You can apply for and get an instant decision with only a soft credit check, which leaves no trace on your credit score and will not be visible to any other lenders looking at your credit file. However, all lenders are registered with the FCA (Financial Conduct Authority), and it is a mandatory requirement that all lenders perform a full credit check before releasing any funds.

Why do I have to be credit checked to get a loan?

A soft search allows us to check your eligibility against our pool of more than 50 lenders without harming your credit score. While it doesn’t provide the same level of information as a full credit check, it gives us enough to know which lenders are the best fit for you, and which ones that will accept you.

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The main advantage of a soft credit search is that it doesn’t show up on your credit report. Previously, if you applied for a payday loan in the UK and got denied, it would show up on your credit report, which could potentially put off other lenders, making them less likely to accept your application. It also compounded the problem, as now you’d have two failed applications on your credit record, which will reduce the likelihood of another lender approving you even lower. A soft credit search avoids people get unfairly punished in this way.

Lenders use soft search technology so you can apply for a same day loan without damaging your credit score.

New Horizons

Which lender is best for a same day loan if I have poor credit?

There is no single answer to this question. Many of our direct lenders specialise in same day bad credit loans, but the best one for you will depend on your current situation. That’s why New Horizons compare them all instantly and show you the best deal for you. The payday loan market has grown in popularity in recent years, which is good news for consumers. More lenders create increased competition for your business, which can lead to lower APR rates and special offers to attract new customers.

Do you charge any fees?

New Horizons does not charge any fees for using our service.

I am struggling with debt, what can I do?

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