Bad Credit Loans for Tenants
It can be hard enough to get a loan when you're a tenant with perfect credit - so if you have a bad credit rating, where do you go?
We will consider loans applications from those with all credit ratings except bankrupts and IVAs.
CCJ's, arrears, defaults need not stop you from getting a loan, and if you are experiencing financial difficulties, you might like to apply for a debt consolidation loan to make you finances easier to manage, and avoid making your credit situation worse.
What is a Bad Credit Rating?
Your credit rating is determined by records of your past financial history. Details of loans taken out, credit cards applied for, payments missed and more are all kept by companies called Credit Reference Agencies.
These agencies make details of your financial history available to lenders and other finance companies, who will use the information to arrive at a Credit Score - a rating of your 'risk' factor.
In general, those with a bad credit rating (or a poor credit score) will find it harder to get credit, and the interest rates charged will be higher, as the lender is taking more of a risk.
Unsecured Loans for Tenants are specialists in arranging finance for those with a low credit score - we can find a loan deal for most situations.
