Tenant Loans (6.9% APR typical variable)
If you are a tenant then you might find it hard to get accepted for a loan at a large amount because you have no assets to secure the lending on.
Even if you have been turned down for a loan in the past, Refused A Loan can help you get accepted, no matter what your credit history. We will not place any restrictions on your loan and you can use it for any purpose, such as home improvements, a dream holiday or to consolidate your debt.
Loan Alternatives for Tenants:
If you are looking for a loan to consolidate your existing debt, there are other debt solutions which might be better suited to your circumstances. Debt solutions on offer from Refused A Loan include:
- IVA: Government legislation which is most suited to those with high levels of debt. You make affordable payments for a typical period of 60 months then any unaffordable debt is written off.
- Debt Management Plans: An informal agreement with your creditors where you make one reduced payment which is split fairly between your creditors on a monthly basis.
For free advice and to discuss your options, please contact our Refused A Loan advisors on 0800 048 1769.
LOANS MAY BE SECURED ON YOUR HOME. THINK CAREFULLY BEFORE SECURING DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBTS SECURED ON IT. IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY. For mortgages and re-mortgages the overall cost for comparison is 8.5% APR variable and for secured loans 14.5% APR variable. The actual rate will depend upon your circumstances. Ask for a personalised illustration. A broker fee may be payable on completion, and will depend on your circumstances. For mortgages and re-mortgages this fee is typically between 0% and 3% of the gross mortgage amount, subject to a minimum of £2,495 and a maximum of £3,995. For secured loans, the fee is typically between 0% and 10% of the loan value.
Refused A Loan is a trading style of Ask Finance Ltd (Registered in England and Wales. Company number 4229724), a wholly owned company of the Harrington Brooks Group Ltd. Ask Finance Ltd is licensed under the 1974 Consumer Credit Act to carry on the business of consumer credit, consumer brokerage, debt adjusting and debt counselling. Consumer Credit License No: 507130. Ask Finance Ltd is authorised and regulated by the Financial Services Authority - FSA No: 300490 - for the provision of mortgage advice and arranging insurance.