Are you a tenant who is facing financial problems and finding it hard to get funding from reliable sources? Have your relatives or friends already said “NO” to your request to lend you money? Worry not! Tenant loans are designed for tenants like you.
No Guarantor Tenant Loans
Whether you are looking for financing a holiday, car purchase, hospital or medical cost, or consolidating debts, tenant loans can come to your rescue. With such loans for non homeowners, you do not need any asset or home as collateral or security in order to obtain the required funds.
You may have to pay a higher interest rate for such unsecured loans for tenant, but these definitely offer you the best financial support when you are in dire need for money, especially when all other lending doors are closed.
No guarantor tenant loans are also available to those with a bad credit record, as these aren’t secured against a property.
These offer you the best alternative when
• you do not own a home or any other asset to use as collateral
• you have a poor credit rating
• you do not have a guarantor to undertake the responsibility to pay off your loan if you end up defaulting payment
Unsecured loans for tenant do not require credit checks. A bad credit history is not the end of the road for you. Some lenders do offer no guarantor tenant loans to people with an adverse credit record, and are lease concerned about your previous records. They only check your present situation and understand that the failure to repay or default previous payments was due to changing life’s circumstances.
Lenders often agree to lend to people with a regular job and salary. If you are a tenant, but have a regular job, it is easier to get approval for unsecured tenant loans, as the lender believes that you would repay the loan.