Tenant Guarantor Loans available here on this website.
Do you need a guarantor loan but cannot get one because you are a tenant?
We have a new guarantor loans lender that can give council tenants or private tenants a guarantor loan.
Go to our Guarantor Loans UK page for more details and for how to apply on line or click on the banner above to be taken directly to the lender’s application form to get started now.
Fast Tenant Guarantor Loans On line
Have you found you are struggling to obtain a loan with the banks closing their doors in your face when you look to get a loan for any purpose?
Or that the loans you can get seem to have such high rates that you worry about the repayments or think the total paid back is just too much?
Instant Tenant Guarantor Loans Today
Many of us are relying on doing everything on the web and you are reading this, so you may well be looking for guarantor loans on line.
However when on line, it is important to know that you are dealing with an established and authorised company.
We are a registered Finance Broker, so you can apply on this website with confidence.
All of the lenders we use are also registered with the Financial Conduct Authority.
Non-Home owner Guarantor Loans.
All Guarantor Loans are available to non-home owners or tenants, so those living with friends or family and renters are welcome and possibly qualified for a loan.
Guarantor Loans were designed for tenants and home owners with less than perfect credit, so in the event that you do not own your own house and possibly even have a guarantor who does not own their own home then there are loan options for you.
Unlike home owner loans, a guarantor loan is not secured against a property and thus you should be able to borrow money without being a home owner and even when you have a bad credit file.
How Does A Guarantor Loan Work?
A Guarantor Loan demands you have a work colleague or a friend, family member or someone else that knows you, to ensure your loan repayments.
So it thus does not matter if you don’t possess a property or have a bad credit history, as your Guarantor has a reasonably good credit history, then you certainly should have the ability to borrow the money.
Get a Tenant Guarantor Loan by applying on this website today.
Need a new car? Want to consolidate debts? Need a loan but have bad credit?
Are you currently a tenant, not a home owner?
A Tenant guarantor type loan may be an option to achieve the cash.
There are many reasons why you may have found yourself having a bad credit score, and why you are needing tenant guarantor loans.
By not keeping up to date with your financial commitments it can have a detrimental effect on your credit rating.
When applying for finance lenders look at an individual’s credit score to decide on whether they will accept or decline your application.
If you have checked your credit rating or have history of late payments or County Court Judgments (CCJ’s) etc. it is likely you will be declined for a standard loan.
If you are also a tenant and you have a credit score that is less than perfect, a guarantor loan may be your answer.
If you have a bad credit score and need a loan you are a higher risk to the provider of not paying back the agreed amount.
By applying for tenant guarantor loans you are more likely to be accepted.
These loans are similar to personal loans, but they require a family or friend to be a guarantor.
This means if you fall behind on the payments it is up to them, the guarantor, to pay back the loan.
Lenders usually require the guarantor that is named to have a good credit score and ideally have equity of some sort like a house or car.
However, the lender will still make sure you yourself are in a position to make the repayments as agreed.
A good way of using tenant guarantor loans and to help build a good credit rating is to stay below your credit limit and ensure you pay the agreed amount on time.
A bad idea when getting guarantor loans for tenants is borrowing more than you know you are able to pay back and getting yourself in more bother financially, but also the person that has put their name down as a guarantor.
Regardless of how you have come to have a bad credit rating don’t despair, there are suitable tenant guarantor loans available that should meet your needs.
If used correctly, you can use this as an opportunity to work on building a better credit rating for your future by keeping to the agreed payment plan.
See also Tenant Guarantor Loans Direct Lenders.