Are you a tenant who needs money to pay off you rents
? Do you have to pay off your pending bills? Is it becoming difficult for you to get cash because of your bad credit status as a tenant? If the answers to all these questions are yes, then, bad credit tenant loans are the ideal solution for you. It helps you enjoy benefits like any other normal borrower.
Bad credit tenant loans are unsecured in nature. This is so, because tenants do not usually have any asset to place as collateral since, they are people who come from another place to fulfill their job or education. Hence, they do not even have a place of their own to stay. The amount availed in these finances range from 1000 to 25000 for repayment duration of 1 to 10 years.
The advantages of these finances are that there is no credit check involved. There is no paperwork or documentation required. The lender does not check the borrowers credit status while lending the money.
To get cash the borrower has to fulfill some basic conditions. They are:
He has to be above the age of 18 years.
He should be a citizen of UK.
He must possess a valid checking account in any UK bank.
He must have a permanent job with an income of at least 1000.
The borrower can avail this finance even through the online mode. The online mode is the most convenient method for the borrower. So, the borrower can avail this finance by just surfing through the internet. He has to just fill in an application form with some details like name, address and so on. The lender will verify the application and then will approve the loan. The money will be electronically transferred into the borrowers account within 24hours of the application.