Compare tenant loans
If you are renting your home you won't be able to secure a loan against it. That sounds obvious, but sometimes people do still assume that because they are paying the rent on their home that they can use it as security! Unfortunately, it's not possible to do that. However, tenants have access to personal finance products too! In the case of a loan, it will be an unsecured loan a tenant would need to apply for. Council tenant, private or housing association tenant, it doesn't matter.
Is it harder to get a tenant loan?
Whatever loan you apply for, even secured loans, your credit report is usually referred to. If you have a good credit history this indicates to the lender that you are a financially responsible person. You will have less difficulty being accepted for low interest tenant loans. If you have late payments on your credit report (and one in every three people in the UK do) you might find that slightly higher interest rate tenant loans are available to you.
How do I make sure the best loans for tenants are available to me?
To ensure you can access the best loans for tenants you need to check your credit report and arrange for any out of date or inaccurate information to be corrected. You can do this using Experian's CreditExpert service.
Bills that remain unpaid can result in default notices that appear on your credit report. Lenders want to ensure the products that have the best interest rates, such as the best tenant loan, are made available to creditworthy customers. If you use LowerMyBills to help you find a 0% balance transfer credit card now, your own money could go further and make it easier to ensure you don’t miss payments and fall into default.
I am confident I have a good credit history. How do I compare tenant loans?
You can compare tenant loans now by entering a few things about you and your requirements. Your credit report is not referred to at this stage and you are under no obligation. Remember that this service is completely free to you as well! I want to compare loans for tenants now
You could be only a few steps away from a low interest tenant loan!
Experian® - the company behind LowerMyBills – also provides CreditExpert, which gives you access to your credit report and score enabling you to see what lenders see about you when they make a decision about which financial products or services are available to you.
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