If you are a tenant and don’t have a good credit record then you generally lose all hopes of getting any monetary support from loans in the time of need. Firstly because of the absence of collateral i.e. a home and secondly lack of good credit record which consequently makes you a non reliable borrower. Even after all this there are few loans which can be applied by even you in such conditions. One such loan is bad credit tenant loans.
Tenant loan bad credit are specially designed loans monetary assistance for tenants like private tenants, MOD tenants, council tenants, adults living with parents, paying guests and so on. The money that you borrow from these loans can be used for any purpose such as paying house bills, house rent, debt consolidation, medical expenses, buying old or new household things, repairing of house or car, school or college fees of children, wedding expenses, etc.
The amount of the loan that can be borrowed through these loans varies within £1000 to £25000. The time period of the repayment of this loan amount is 12 months to 10 years. The interest rate on these loans depends upon the personal circumstances of the tenant and also the lender’s policy. In order to get a desired rate for these loans you can look out for various lenders on internet. Ask for their quotes free of cost and then decide the suitable one for your pocket.
Those tenants as stated earlier who have a bad credit record can get these loans very easily. There are no restrictions on any kind of bad credit like skipped payments, missed house rent, court cases, IVAs, bank arrears even bankruptcy. These loans don’t look whether you have bad credit, good credit, negative credit, low credit, etc.
For any tenant it is very convenient to apply through online mode. This application is absolutely free of cost and without any obligation. With this method you also free yourself from personal visits of the lender. Tenant loans in short are a perfect helping hand for those who are in need.