Tenant bad credit
Most lenders will not go near a tenant with bad credit for the purposes of a loan or mortgage and lets face it, why would they? No guarantee that the loan can or would be repaid and no security like a home to repossess if things went really bad. It hust wont work will it? Tenants with bad credit present the highest risk possible to a lender and that is why the only way forward for a tenant with bad credit is to obtain a loan with the aid of a guarntor. Guarantor loans are the best way for a tenant with bad credit to get a loan which they can use for any reason whatsoever, as long as it's legal.
Sunday, 14 September 2008
Loans-tenant-bad
Loans tenant bad
Tenants with a bad credit history or a poor credit record have virtually no chance of obtaining a loan, particularly an unsecured loan where there is no asset for the lender to claim against should the loan go bad. If the individual is a tenant with a poor credit history then there is no chance whatsoever of obtaining a loan because there is no security for the lender, so the only way is by using the services of a loan specialist.
You may also need to consider the tax implications of taking a loan out which is why Whitestar Tax can advise you of the best course of action if you are looking for a non aggressive tax avoidance scheme.
Try us now and apply for a loan by using a guarantor.
Tenants with a bad credit history or a poor credit record have virtually no chance of obtaining a loan, particularly an unsecured loan where there is no asset for the lender to claim against should the loan go bad. If the individual is a tenant with a poor credit history then there is no chance whatsoever of obtaining a loan because there is no security for the lender, so the only way is by using the services of a loan specialist.
You may also need to consider the tax implications of taking a loan out which is why Whitestar Tax can advise you of the best course of action if you are looking for a non aggressive tax avoidance scheme.
Try us now and apply for a loan by using a guarantor.
Guarantee loan
Guarantee loan
The best way to describe a guarantee loan is to illustrate it in a case history.
This example is from a real life case and we are delighted that we at the guarantor loan specialist have been able to help this particular individual.
This gentleman (we will call him Mr P) approached us in August this year (2008). He had just been made redundant from his job at the local council and unfortunately, he had only been there for approx.2 years which meant he came out with virtually no redundancy payment at all.
To add to his problems, he found out his wife was 2 months pregnant.....everything it seemed, was going wrong. He tried to obtain a loan with a few companies (only £1,000 to help buy baby items) but as soon as they realised that he was out of work and his wife didn't work, it was a straightforward no.
This is where the guarantor loan specialist came in.
We told Mr P that we could help him if he was able to provide us with a guarantor. Mr P didn't have any family that he was close to so he approached his next door neighbour who he had known (and lived next door to) for over 9 years. His neighbour was more than happy to become a guarantor for Mr P as he knew that he was a good person who would always pay his debts. His neighbour had a very clean credit history and the lender we placed it with was more than happy to offer the loan with Mr P's neighbour as the guarantor as the lender knew that a guarantee loan would always be reapid on time, every time.
The best way to describe a guarantee loan is to illustrate it in a case history.
This example is from a real life case and we are delighted that we at the guarantor loan specialist have been able to help this particular individual.
This gentleman (we will call him Mr P) approached us in August this year (2008). He had just been made redundant from his job at the local council and unfortunately, he had only been there for approx.2 years which meant he came out with virtually no redundancy payment at all.
To add to his problems, he found out his wife was 2 months pregnant.....everything it seemed, was going wrong. He tried to obtain a loan with a few companies (only £1,000 to help buy baby items) but as soon as they realised that he was out of work and his wife didn't work, it was a straightforward no.
This is where the guarantor loan specialist came in.
We told Mr P that we could help him if he was able to provide us with a guarantor. Mr P didn't have any family that he was close to so he approached his next door neighbour who he had known (and lived next door to) for over 9 years. His neighbour was more than happy to become a guarantor for Mr P as he knew that he was a good person who would always pay his debts. His neighbour had a very clean credit history and the lender we placed it with was more than happy to offer the loan with Mr P's neighbour as the guarantor as the lender knew that a guarantee loan would always be reapid on time, every time.
Loans no guarantor
Loans no guarantor
It really is quite simple to obtain a loan if you have bad credit but trying to get a loan with no guarantor is much more difficult. Loans without a guarantor means that the application will be assessed on the individual with the poor credit history, not the guarantor. Here at the guarantor loan specialist we understand why you would want a loan with no guarantor but it is very difficult to get one without the safety net that a guarantor brings to the table. Lenders will struggle to accept you if this is the case and the fact remains, loans with no guarantor for individuals with a problem credit history will be very hard to obtain.
It really is quite simple to obtain a loan if you have bad credit but trying to get a loan with no guarantor is much more difficult. Loans without a guarantor means that the application will be assessed on the individual with the poor credit history, not the guarantor. Here at the guarantor loan specialist we understand why you would want a loan with no guarantor but it is very difficult to get one without the safety net that a guarantor brings to the table. Lenders will struggle to accept you if this is the case and the fact remains, loans with no guarantor for individuals with a problem credit history will be very hard to obtain.
What is a guarantor loan?
What-is-a-guarantor-loan
A guarantor loan is where the applicant could be suffering from a very poor credit history and have a number of defaults or ccjs or even arrears from a mortgage, loan or credit card. A guarantor loan means that the applicant applies in the normal way but that the credit check by the lender is done on the guarantor, the person with a good credit history who "guarantees" your loan application, akin to vouching for your ability to repay the loan.
The applicant still makes the monthly payment for the term of the loan but if there are any problems with the repayment then it is up to the guarantor to ensure payment is made. For a guarantor loan the guarantor is liable for the debt, not the applicant.
A guarantor loan is where the applicant could be suffering from a very poor credit history and have a number of defaults or ccjs or even arrears from a mortgage, loan or credit card. A guarantor loan means that the applicant applies in the normal way but that the credit check by the lender is done on the guarantor, the person with a good credit history who "guarantees" your loan application, akin to vouching for your ability to repay the loan.
The applicant still makes the monthly payment for the term of the loan but if there are any problems with the repayment then it is up to the guarantor to ensure payment is made. For a guarantor loan the guarantor is liable for the debt, not the applicant.
Guarantor loans
Guarantor loans
Guarantor loans are loans that are available to people who have suffered from bad credit. The purpose of a guarantor loan is to allow an individual with a less than perfect credit history to take out a loan when they would have been refused elsewhere. The beauty of a guarantor loan is that almost anyone who is known to you can be your gurantor. So even if you don't have a relative who could help then don't worry as you can ask a friend of a colleague, even a neighbour can assist you in taking out a guarantor loan
It doesn't matter what your credit history is like or even if you are unemployed, on benefits or a student, we can help you with a guarantor loan as we are the experts in our field.
Guarantor loans are loans that are available to people who have suffered from bad credit. The purpose of a guarantor loan is to allow an individual with a less than perfect credit history to take out a loan when they would have been refused elsewhere. The beauty of a guarantor loan is that almost anyone who is known to you can be your gurantor. So even if you don't have a relative who could help then don't worry as you can ask a friend of a colleague, even a neighbour can assist you in taking out a guarantor loan
It doesn't matter what your credit history is like or even if you are unemployed, on benefits or a student, we can help you with a guarantor loan as we are the experts in our field.
Guarantee loans
Guarantee loans
A guarantee loan is the same as a guarantor loan in that the applicant making the application is not liable for the debt, the guarantor is as they are the ones guaranteeing the monthly payment will be made, hence guarantee loans. Guarantee loans are not guaranteed in the sense that everyone who applies for a loan cannot be guaranteed a loan but guarantee loans mean that the there is a better than average chance of getting a loan.
A guarantee loan is the same as a guarantor loan in that the applicant making the application is not liable for the debt, the guarantor is as they are the ones guaranteeing the monthly payment will be made, hence guarantee loans. Guarantee loans are not guaranteed in the sense that everyone who applies for a loan cannot be guaranteed a loan but guarantee loans mean that the there is a better than average chance of getting a loan.
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