Bad credit tenant loans are for people who have less than perfect credit histories and are not homeowners, so cannot secure any borrowing to the value of their property. In the past, bad credit tenant loans were few and far between, and the ones that were available offered fairly uncompetitive rates. Although having a good credit history will get you better deals than having a bad one, and lenders will generally offer better deals to homeowners, bad credit tenant loan deals are still available.
We work with brokers who look at your own personal circumstances before searching the market for bad credit tenant loans to find you the best deal. All you need to do is fill in one simple form, entering details about:
- How much you want to borrow and what the money is for
- Over how many years you wish to pay the loan back
- Your employment status and credit history
If you have had money problems in the past, a bad credit tenant loan could really help, because, if you make your repayments on your bad credit tenant loan on time each month, you can really improve your credit history, which could mean you get much better deals on things like loans, mortgages and credit cards in the future.