Poor Credit Tenant Loans

Let’s face it, getting a tenant loan when you have a history of poor credit is difficult. Few of the major UK banks or building societies will entertain you and out of the hundreds of lenders that provide finance in the UK, only a tiny percentage will consider such a loan.

So, what exactly is bad credit?

Bad credit could be missed payments on existing loans or even loans that you had in the past where you missed payments. It could be defaults; where you didn’t pay off the loan off entirely. It could even be CCJ’s where the lender has taken out a court order against you to enforce you to pay off the default.

To some, these are indications of poor management of credit by the individual but this Read more »

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