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UK Bad Credit Rating Tenant Loan

UK Bad Credit Rating Tenant Loans are Personal Loans for people who rent their property like council tenants and housing association tenants or live with their parents or friends.

Apply here - Bad Credit Rating Tenant Loan Enquiry Form

A Tenant requiring a Bad Credit Rating Tenant Loan will not have a home to offer as security. This is classed as a higher risk by Lenders so the interest rate will be higher than a Secured Loan. This shouldn't stop you applying for a Bad Credit Rating Tenant Loan because keeping up regular payments on a loan would improve your Credit Rating if in the future you were to consider a Mortgage or another Loan.

Bad Credit Rating Tenant Loan - The Facts:

  • A Bad Credit Rating Tenant Loan is an easy and manageable route to generating extra cash
  • With a Bad Credit Rating Tenant Loan you can use the cash for any purpose - for example, debt consolidation, home improvements, buying a car or going on holiday
  • Using a Bad Credit Rating Tenant Loan for Debt Consolidation means that with one single payment to make each month, you have more control over YOUR monthly budget
  • Repayment period on a Bad Credit Rating Tenant Loan can be anything from 3 - 25 years
  • Protected payment plans on a Bad Credit Rating Tenant Loan can provide extra peace of mind

Is a Bad Credit Rating Tenant Loan for me?
If you live in a Council Property or Housing Association Property you will have no security. Maybe your job or contract makes you unable to actually own property or have any security or equity for loan commitments. All Bad Credit Rating Tenant Loan enquiries will be dealt with on a case-by-case basis. Some Lenders will lend to Tenants with Adverse Credit History and the Independent Financial Processors we forward your enquiry on to will try to find a Bad Credit Rating Tenant Loan for you.

However, your chances of obtaining a Bad Credit Rating Tenant Loan will be greatly enhanced if you can answer YES to most of the following:

  • You are currently in salaried employment
  • You have lived at your current address for over 12 months
  • You have your own UK bank account
  • You have a credit/store card and keep up regular payments
  • You have a savings account to which you make regular payments

Having a Poor Credit History means getting credit can be a problem and with the current Credit Crunch over 50% of UK Residents will have experienced some form of credit problems. This could be with: CCJ's (County Court Judgements), Credit Arrears and Defaults, Bankruptcy, Debts, IVA's and Hire Purchase Defaults.

  • Bad Credit Rating Tenant Loan if you have CCJ's
    A CCJ or County Court Judgement is an official claim against you by Creditors, Lenders or Local Authorities through the county court for money you owe.
    More information on CCJ's
  • Bad Credit Rating Tenant Loan if you have Arrears and Defaults
    If you fail to keep up monthly repayments on credit then you will be in Arrears. If you are in Arrears for over 3 months then you will have defaulted on your credit agreement.
    More information on Credit Arrears and Defaults
  • Bad Credit Rating Tenant Loan if you have Bankruptcy
    Anyone can go bankrupt. You are likely to be declared bankrupt if you have many debts that you simply cannot repay.
    More information on Bankruptcy
  • Bad Credit Rating Tenant Loan if you have IVA's
    An IVA is not the same as a Debt Management Programme which is less informal. An IVA is arranged to help you pay off your debts in a way that is affordable to you. An IVA is based around one monthly payment over a period of 60 months.
    More information on IVA's

If you have experienced any of the above you have probably got a Poor Credit History and will need a Bad Credit Rating Tenant Loan.
Most High Street Banks and Mainstream Lenders tend not to accept negative credit check scores so don't usually offer Bad Credit Rating Tenant Loan. It will be near impossible to get a perfect credit score with any previous credit problem because your credit history will be on a credit check database.

Apply here - Bad Credit Rating Tenant Loan Enquiry Form

Finance Jungle refers your Bad Credit Rating Tenant Loan enquiry on to leading Independent Financial Processor in the United Kingdom to make sure you receive the best Bad Credit Rating Tenant Loan deal.

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Typical, variable APR is 10.9%. Rates range from 7.7% to 18.3%
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP MORTGAGE OR DEBT REPAYMENTS SECURED ON IT
THINK CAREFULLY BEFORE SECURING ANY OTHER DEBT ON YOUR HOME. NON PAYMENT OF ANY LOAN CAN AFFECT YOUR CREDIT RATING

Every effort has been made to ensure that the facts here are correct. No liability is accepted for any errors contained herein or for any loss resulting from actions taken.