For so many years, lenders have said no to tenants. And treated them like second class citizens because they do not have a mortgage. There may be a lot of reasons for this – many are happy renting, or can’t afford a mortgage because they rent. How often do you dream of getting off the rental merry-go-round? Ever had the landlord from hell? Or maybe you need a new car or just want to do something better in your life but you have nothing to put up as security. Maybe you just have a bad credit rating because of a misspent youth you are still trying to recover from.
Whatever your reason and you are a renter then there are places you can go to get tenant loans, even with bad credit. If you are a tenant then your only options are unsecured tenant loans. An unsecured loan is simply a loan from a lender that does not require you to put up any collateral against defaulting on the payments.
Be careful though – some lenders charge interest rates akin to highway robbery. Read the rest of this entry »