Tenant Loans, No Guarantees

Despite there being no guarantees there are plenty of options for tenant loans, also known as unsecured loans.

Unsecured loans are funding options where the lender provides the loan without any form of security, such as a home or car. They grant the loan monies against your earnings and credit profile.

If you're a tenant with a less than perfect credit profile then a good place to start is with your own bank. They know who you are better than anyone and may be in a position to provide you with a loan, even if there are a few blips in the background.

It's likely that the lowest rates on the best buy tables will remain for those with perfect credit records. To avoid multiple unsuccessful credit checks be honest with yourself and search using the "good", "average" and "poor" guides provided on the best buy guides – they are there for this very reason.

The term "Tenant loans" is just another name for credit which is not secured against your home. They are suitable for private tenants, council tenants, those living with their parents or people living in accommodation provided by their employer.

With internet access or a telephone line you no longer need to meet the loan company in person. It's important to remember that if any documents are to be signed or additional information required you may have to post or fax this to the loan provider offices.

Before you start your search it is important that you are over the age of 18, legally entitled to live and work in the UK and have a regular source of income being paid into a UK bank account.

Get in touch today and let us know how we can help you.

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Disclaimer: Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Loanz.co.uk are licenced credit brokers with licence number 584328 issued by the Office of Fair Trading. Loanz.co.uk is a trading style of CML Web Services Ltd. Registered in Scotland. No: SC291366

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