Adverse Credit Tenant Loans

Adverse Credit Tenant Loans

Compare Adverse Credit Tenant Loans

Loan Type
Fluent Personal Loan
APR/APRC
14.9% APR
Representative (£1,500-£25,000)
Loan Term
1 to 5 Years
Borrow
£1,000 to £25,000

Call FREE on 0800 084 8039

Representative Example: The Representative APR is 14.9% (variable).The Representative APR is If you borrow £90,000 over 4 years at a representative 14.9% APR and an annual interest rate of 14.9% (fixed) you would pay £245.80 per month. Total charge for credit will be £2,798.51. Total amount repayable is £11,789.51.

Loan Type
Avant Personal Loan
APR/APRC
42.5% APR
Representative (£1,000-£20,000)
Loan Term
1 to 6 Years
Borrow
£1,000 to £20,000

Instant Online Decision

Representative Example: The Representative APR is 42.5% (fixed). If you borrow £3,000 over 3 years at a rate of 31.9% p.a (fixed) plus an arrangement fee of £137.31, you will repay £157.89 per month & £4,943.25 in total.

Loan Type
Everyday Loans Personal Loan
APR/APRC
93.6% APR
Representative (£1,000-£20,000)
Loan Term
2 to 5 Years
Borrow
£1,000 to £15,000

Instant Online Decision

Representative Example:The Representative APR is 93.6%. Based on a loan amount of £3,000 over 24 months at an interest rate of 67.9% p.a. (fixed). Monthly repayment of £231.78. Total amount repayable £5,562.75.

Adverse Credit Tenant Loans

Adverse credit tenant loans might be all that are available to you if you have an imperfect credit history and do not own your home. You might have a damaged credit record as a result of going into arrears on previous debt, have CCJs (county court judgements), or late payments of bills. Get a free credit report to check your status before applying for credit.

Adverse credit tenant loans are invariably more expensive than if you had good credit, because lenders will do a credit check and asses that you are not such a trustworthy borrower as someone with a spotless credit report.

They are also more expensive than adverse credit homeowner loans, because you are offering no surety to the lender. But, if you manage the loan effectively by keeping up with repayments and proving that you are able to avoid going into arrears, then this will improve your credit score and you can apply for more competitive deals in the future.

Advantages of adverse credit tenant loans include:

  • Gives you access to credit
  • Helps you rebuild your credit score
  • Competitive deals available
  • You do not have to risk your home

Disadvantages of adverse credit tenant loans include:

  • Higher interest rates
  • Size of the loan is limited
  • Potentially damaging to your credit if you miss payments

Taking out a loan is a big responsibility. At least as an unsecured borrower you will not be putting your home at risk if you miss payments, but you do risk damaging your credit score even further, or being taken to court if you do not keep up with the repayments.

Before taking out an adverse credit tenant loan you should:

  • Consider whether you really need it
  • Ensure you can afford the repayments
  • Find the best interest rates