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non home owner loans

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ginette | 11:46 Thu 05th May 2005 | Business & Finance
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is there anyone who will give a private tenant a personal loan, or is this always a no-no?
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A lot of companies will if you have a good credit rating (ie you don't have any county court judgements, arrears and generally pay your credit commitments on time).

First stop, try your bank. They will be in the best position to lend to you as they see how you run your account.

It also depends on how much you are looking at borrowing. As an example, we are a secondary lender, and lend up to �5000 unsecured. Anything over that and we will only normally consider it if it is a secured loan.

Also, do you have anyone who may guarantee your loan (eg parents etc) this will obviously swing in your favour too.

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Most loans are unsecured so I wouldn't have thought tenure was relevant

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