We are living in a world being governed by finance. And sometimes we are plagued by the lack of it .The only viable option to bail us out seems to be the loans, yet on occasions we feel stranded when we fail to come up with any requisite collateral. But time as they say keep on changing, hence comes the non homeowners loans to smoothen the financial journey of our life. The loan seems to be self explainable, however these are loans which the lenders provide to those who do not have a home of their own or any valuable assets to keep as collateral.
Loan Amounts and Procedures
As a non-homeowner loans the only option is an unsecured type of loan .As there is no valuable asset required as collateral hence the lenders are apprehensive about the repayment resulting in a low band of loan amount ranging from £5000 to £25000 .The same reason is employed for the typical high rate of interest from APR 7% to APR 25%.
And it is this high return value that keeps the lenders interested albeit some reasonable fears. The processing and granting of these loans is a speedy affair as against the loans for homeowners .High return being one, the other reason is time being saved in the estimation of the assets such as home. Given the generosity of number of financial institutions the competition between them helps in negotiating for the interest rate.
Eligibility :---
To avail the facilities of these loans one should :
• Be minimum 18 years of age
• Be in salaried employment.
• Have lived at his/her current address for a minimum of about 12months.
• Not have any CCJ`s(County Court Judgment), rent arrears or bankruptcy history.
• Have a good credit history(though some lenders promise to give the loan to persons with bad credit history but it proves to be a cumbersome job to avail the same and that too at a much higher rate)
Some financial institutions claim to soften their stand on eligibility but it always does not apply.
Repayment :---
Usually the repayment tenure oscillates between 6 months to 10 years. This in turn depends on the loan amount and the credit history of the borrower. People with good credit history are encouraged in repaying the loans over a longer range of time.
Use of loans for non homeowners:---
These loans find their usage among tenants, working class people with no home. These loan amounts can be used for various purposes such as debt consolidation, buying motor vehicles, functions like wedding, planning a holiday and so on depending on the requirements .One of the good things is keeping up with regular payments improves your credit score. This in turn helps you in procuring other loans if necessary.
Source : http://www.ezinearticles.com
Friday, September 26, 2008
Wednesday, September 24, 2008
Bad Credit Loans for Homeowners
Homeowners with poor credit histories can avail themselves of bad credit loans. One of the main aims of a bad credit loans for homeowners is to enable borrowers to recover from overwhelming debts. It is generally utilized by homeowners and private as well as council tenants with bad credit.
A homeowner with poor credit has scores of options open for a loan. The bad credit homeowner loan is an effective tool not only for overcoming financial obligations but also for clearing up bad credit. The interest rates for bad credit homeowner loans are usually based on factors such as collateral, income, and credit history of the borrower. Generally, bad credit homeowner loans have high interest rates. Bad credit loans for homeowners include secured and unsecured loans.
A secured bad credit homeowner loan is an ideal option for homeowners with arrears, some county court judgments (CCJ), or defaulted payments. It is generally secured by the borrower's property, and is primarily utilized for such legitimate purposes as debt consolidation, home improvements or financing a new car. The main advantage of a secured bad credit loan is that payments can be extended over a long period of time. High loan amounts and a lower rate of interest are its other benefits. In the case of an unsecured bad credit homeowner loan, no collateral is required. But, its interest rate is relatively higher than that of the secured loan. Unsecured bad credit loans are provided on the basis of the credit status of borrowers.
Today, lots of loan providers specialize in the restoration of bad credit. Most of them offer attractive rates and deals. As the interest rates and fees offered by different financial institutions vary, proper research should be made before applying for a bad credit homeowner loan. Loan calculators and free quotes provided by various financial institutions serve as important aids to compare and calculate homeowner loan cost and interest rates.
Article Source: http://EzineArticles.com
A homeowner with poor credit has scores of options open for a loan. The bad credit homeowner loan is an effective tool not only for overcoming financial obligations but also for clearing up bad credit. The interest rates for bad credit homeowner loans are usually based on factors such as collateral, income, and credit history of the borrower. Generally, bad credit homeowner loans have high interest rates. Bad credit loans for homeowners include secured and unsecured loans.
A secured bad credit homeowner loan is an ideal option for homeowners with arrears, some county court judgments (CCJ), or defaulted payments. It is generally secured by the borrower's property, and is primarily utilized for such legitimate purposes as debt consolidation, home improvements or financing a new car. The main advantage of a secured bad credit loan is that payments can be extended over a long period of time. High loan amounts and a lower rate of interest are its other benefits. In the case of an unsecured bad credit homeowner loan, no collateral is required. But, its interest rate is relatively higher than that of the secured loan. Unsecured bad credit loans are provided on the basis of the credit status of borrowers.
Today, lots of loan providers specialize in the restoration of bad credit. Most of them offer attractive rates and deals. As the interest rates and fees offered by different financial institutions vary, proper research should be made before applying for a bad credit homeowner loan. Loan calculators and free quotes provided by various financial institutions serve as important aids to compare and calculate homeowner loan cost and interest rates.
Article Source: http://EzineArticles.com
Non Homeowner Loans - Creating a Source of Finance for the Homeless
Because of the preference that loan providers show for the homeowners, you have started having feelings of jealousy against them. Your experience with lenders shows that there are not much takers for you as a non homeowner. However, we feel that you are still half informed. Though, loan providers’ preference for homeowners is well known, it isn’t that they do not cater to the borrowers other than homeowners. So, you as non-homeowners too can get good deals in non homeowner loans.
Aimed specifically at the people who do not have a landed property of their own, non homeowner loans are the only hope of this category of people. Tenants, both council tenants and tenants with private lenders, can get their financial needs covered through the non homeowner loan. The category also includes people who have been living with their parents in their parent house.Non homeowner loan is generally offered as an unsecured personal loan. However, when borrowers agree to pledge certain other assets as collateral, then the loan is converted into a secured loan.The best part of the non homeowner loan is that there is not much to lose. You haven’t pledged anything or the asset pledged is not as important as a home in homeowner loan. Non homeowner loans do not haunt borrowers with the repossession fears, which is so characteristic of the homeowner loans.
This means that the lenders are at a risk of losing the money lent as non homeowner loan. While the money can be recovered by suing the borrower for the non payment, the process is often long drawn and costs dearly to the loan providers too.It is because of this risk that loan providers desire the borrowers to have a good credit history. Borrowers who have a good credit history imply that they are less drawn towards non payment. Those with a bad credit history may find a large majority of loan providers running away from them. Since, it is the credit history that acts as a guarantee for the borrower in the absence of collateral, loan providers will find it difficult to ignore bad credit history.This does not put a full stop on the chances of the bad credit borrowers to get non homeowner loans. Certain loan providers do have deals for the borrowers with a lower credit score, i.e. bad credit history.
Borrowers wishing to take up non homeowner loans need to fulfil the following essential requirements:
• The borrower must be in full time employment.
• Computerised pay slips are used for paying the borrower.
• Bank account must have a direct debit facility.
• The proofs of identification and residence must be ready.
• The borrower must have been regular in making rent payments.
• The borrower must have a home telephone line or a mobile (if it is a mobile, a copy of the agreement must be produced)
The non homeowner loan can be used for as many purposes as a homeowner loan. These are consolidating debts, purchasing cars etc. However, you need to understand that the amount available under non homeowner loan is not at par with the homeowner loans. The lower amount may be the result of increased risk. In money terms, the amount under homeowner loans can range from £1,000 to £50,000 over a period of 1 to 25 years.You would surely not be complaining after learning about non homeowner loans. Though the terms under non homeowner loans are not as attractive as homeowner loans, borrowers cannot help because of the vast differences in the circumstances of the homeowners and non homeowners. Also, there are not much finance options for non homeowners other than to take non homeowner loans.
Article Source: http://EzineArticles.com
Aimed specifically at the people who do not have a landed property of their own, non homeowner loans are the only hope of this category of people. Tenants, both council tenants and tenants with private lenders, can get their financial needs covered through the non homeowner loan. The category also includes people who have been living with their parents in their parent house.Non homeowner loan is generally offered as an unsecured personal loan. However, when borrowers agree to pledge certain other assets as collateral, then the loan is converted into a secured loan.The best part of the non homeowner loan is that there is not much to lose. You haven’t pledged anything or the asset pledged is not as important as a home in homeowner loan. Non homeowner loans do not haunt borrowers with the repossession fears, which is so characteristic of the homeowner loans.
This means that the lenders are at a risk of losing the money lent as non homeowner loan. While the money can be recovered by suing the borrower for the non payment, the process is often long drawn and costs dearly to the loan providers too.It is because of this risk that loan providers desire the borrowers to have a good credit history. Borrowers who have a good credit history imply that they are less drawn towards non payment. Those with a bad credit history may find a large majority of loan providers running away from them. Since, it is the credit history that acts as a guarantee for the borrower in the absence of collateral, loan providers will find it difficult to ignore bad credit history.This does not put a full stop on the chances of the bad credit borrowers to get non homeowner loans. Certain loan providers do have deals for the borrowers with a lower credit score, i.e. bad credit history.
Borrowers wishing to take up non homeowner loans need to fulfil the following essential requirements:
• The borrower must be in full time employment.
• Computerised pay slips are used for paying the borrower.
• Bank account must have a direct debit facility.
• The proofs of identification and residence must be ready.
• The borrower must have been regular in making rent payments.
• The borrower must have a home telephone line or a mobile (if it is a mobile, a copy of the agreement must be produced)
The non homeowner loan can be used for as many purposes as a homeowner loan. These are consolidating debts, purchasing cars etc. However, you need to understand that the amount available under non homeowner loan is not at par with the homeowner loans. The lower amount may be the result of increased risk. In money terms, the amount under homeowner loans can range from £1,000 to £50,000 over a period of 1 to 25 years.You would surely not be complaining after learning about non homeowner loans. Though the terms under non homeowner loans are not as attractive as homeowner loans, borrowers cannot help because of the vast differences in the circumstances of the homeowners and non homeowners. Also, there are not much finance options for non homeowners other than to take non homeowner loans.
Article Source: http://EzineArticles.com
Monday, September 22, 2008
All About Bad Credit Non Homeowner Loans
Are you a non-homeowner? Are you facing cash crisis? Cannot apply for any loans due to your bad credit score? Do not worry! In loan market, there is something for you with which you can meet your financial requirements. Yes! It is true, with bad credit non-homeowner loans, you can easily access into loan market.
What is the reason behind your bad credit score? Are you facing CCJ, IVA, arrears, default, or bankruptcy? Bad credit non-homeowner loans are made for all types of bad credit scorers. So, if your loan request is turned down due to our bad credit score, then finance your desire with bad credit non-homeowner loans.
However, these loans are a sort of unsecured loans. So, you need not use any security to avail the loan amount. These loans are available with a range of £1000 to £50,000. But remember, your monthly income will be taken into account while deciding the amount. Based on the borrowed amount, the repayment period is determined. Generally, it is seen that lenders offer these loans for 5-25 years.
The interest rate of these loans is a bit higher, as these loans are unsecured and offered to those borrowers whose credit score is bad. But, there is a possibility of getting these loans at a better interest rate. If you do a bit research and compare various loan quotes, then you can find out a bad credit non homeowner loan at an affordable interest ret. And having a proper knowledge about your present credit score will also facilitate you.
Article Source: http://EzineArticles.com/?expert=Peter_Taylor
Friday, September 19, 2008
Non Homeowner Loans are the Best Mode to Arrange Extra Credit
It is well said by someone that “sometimes, you may be led in directions that you never imagined, dreamed or designed”. In fact, life’s circumstances are unpredictable and do not always appear in the way we expect them to be. These circumstances also include financial crisis which never give any prior indication; however, with the availability of various loan schemes, getting a solution for these crisis has become less burdensome. These loans offer a wide spectrum of services for each and every section of society; no matter whether you have a strong financial back up or not, these loans solve your financial blues without taking these issues into consideration. There was a time, when non homeowners were not privileged to avail any secured loan as they were considered as the most risky borrower segment. However, with non homeowner loans, now these people can also manage to get the suitable cash to meet their unexpected financial requirements.
Non homeowner loans are specially tailored for people who do not possess any home property to present against loan amount; since these loans are secured loans, the borrower submits any other high valued property as collateral. In cases where the borrower does not possess any property to support the loan amount, these loans are provided on the basis of his or her goodwill and flawless credit history. The only thing that every lender demands for providing these loans is your income statement as it helps the lender in deciding whether you are able to pay off the loan or not. With no homeowner loans, one can apply for any amount evaluated on the basis of his or her monthly income.
Since credit history plays a vital role in approval and processing of these loans, one must have a good credit history to avail these loans. Basically, the main reason behind including credit report as the decisive factor is to secure the risks associated with such loans. Your chances of obtaining the non homeowner loans can be significantly enhanced if you have lived at your current address for more than 1 year and possess a saving account with regular transactions. If you are a salaried employee and possess a credit history with no CCJs, rent overdue and defaults, then you are the right candidate to apply for theses loans. In fact, people, who own all these things, never face difficulties in getting approval for the desired loan.
Many people do not buy their own home just because of their moving job or any other contract; sometimes, this unavailability of home property unable those people to keep any security for loan commitment. Therefore, if you are a non homeowner and need money to meet any personal requirement, then go for non homeowner loans to arrange suitable money at ease. With these loans, you can also avail the protected payment plan which offers you the facility to make your repayment process more affordable; moreover this plan helps you in attaining complete peace of mind and financial security.
Article Source: http://www.articlesbase.com
Non homeowner loans are specially tailored for people who do not possess any home property to present against loan amount; since these loans are secured loans, the borrower submits any other high valued property as collateral. In cases where the borrower does not possess any property to support the loan amount, these loans are provided on the basis of his or her goodwill and flawless credit history. The only thing that every lender demands for providing these loans is your income statement as it helps the lender in deciding whether you are able to pay off the loan or not. With no homeowner loans, one can apply for any amount evaluated on the basis of his or her monthly income.
Since credit history plays a vital role in approval and processing of these loans, one must have a good credit history to avail these loans. Basically, the main reason behind including credit report as the decisive factor is to secure the risks associated with such loans. Your chances of obtaining the non homeowner loans can be significantly enhanced if you have lived at your current address for more than 1 year and possess a saving account with regular transactions. If you are a salaried employee and possess a credit history with no CCJs, rent overdue and defaults, then you are the right candidate to apply for theses loans. In fact, people, who own all these things, never face difficulties in getting approval for the desired loan.
Many people do not buy their own home just because of their moving job or any other contract; sometimes, this unavailability of home property unable those people to keep any security for loan commitment. Therefore, if you are a non homeowner and need money to meet any personal requirement, then go for non homeowner loans to arrange suitable money at ease. With these loans, you can also avail the protected payment plan which offers you the facility to make your repayment process more affordable; moreover this plan helps you in attaining complete peace of mind and financial security.
Article Source: http://www.articlesbase.com
Tuesday, September 16, 2008
Unsecured Tenant Loans: Non-homeowners May Avail This Loan With Ease
Unsecured tenant loans are meant for people who are either tenants or possess a home but don’t want to offer the same as collateral. The major advantage with an unsecured loan is that the threat of repossession of property is not involved in this case.
Apart from this, the processing of loans gets faster, because the valuation of the property is not done in this case. Less paper work in this case helps in reducing the hassles of the entire loan process.
Since this loan entails a higher risk to the lenders, the interest rates charged by them are also higher in this case, as compared to the secured loan option. The loan amount which can be borrowed is comparatively lower and a shorter repayment term is given to them.
People with bad credit history like County Court Judgements, arrears, defaults, bankruptcies etc. may also seek this loan type, provided that they are able to meet the requirements given by the lenders. Once people with such credit history make their repayments on time, they have a chance of improving credit history. Consequently, he can easily procure loans in the future.
Generally, unsecured tenant loans are taken for purposes like buying a car, consolidating multiple debts, going for a holiday trip, meeting the expenses of education etc. You need to plan your budget for your needs, according to the amount which you may borrow with an unsecured loan.
Getting the loans has become easier these days. You may apply for this loan online and may be contacted by many lenders. You may get a phone call or an e-mail from them with their different loan quotes.
Due to the fierce competition among the lenders in the UK, you may get loans on lower interest rates. Shopping around for a good loan deal will help you in getting the loans with good interest rates.
Article Source: http://www.articlesbase.com/
Apart from this, the processing of loans gets faster, because the valuation of the property is not done in this case. Less paper work in this case helps in reducing the hassles of the entire loan process.
Since this loan entails a higher risk to the lenders, the interest rates charged by them are also higher in this case, as compared to the secured loan option. The loan amount which can be borrowed is comparatively lower and a shorter repayment term is given to them.
People with bad credit history like County Court Judgements, arrears, defaults, bankruptcies etc. may also seek this loan type, provided that they are able to meet the requirements given by the lenders. Once people with such credit history make their repayments on time, they have a chance of improving credit history. Consequently, he can easily procure loans in the future.
Generally, unsecured tenant loans are taken for purposes like buying a car, consolidating multiple debts, going for a holiday trip, meeting the expenses of education etc. You need to plan your budget for your needs, according to the amount which you may borrow with an unsecured loan.
Getting the loans has become easier these days. You may apply for this loan online and may be contacted by many lenders. You may get a phone call or an e-mail from them with their different loan quotes.
Due to the fierce competition among the lenders in the UK, you may get loans on lower interest rates. Shopping around for a good loan deal will help you in getting the loans with good interest rates.
Article Source: http://www.articlesbase.com/
Monday, September 15, 2008
Non Homeowner Loans: Your Support in Despair
Buying a home property becomes quite a problem when one is constantly on the move. Due to several personal and professional reasons, we often have to move from one place to another and with this kind of lifestyle, it becomes completely impossible to fulfill the purpose of buying a home. In addition to this, all private organizations are nowadays, offering accommodation facilities to their employees and thus, people also do not feel the urgency of owning a property. But unfortunately, when it comes to applying for added support of monetary funds, our finance market has certain restrictions. Getting loan assistance, without pledging any property against the loan demand is very problematic. Most of the lenders do not like to offer good monetary solutions to people who have nothing to offer as security. Hence, for this category of borrowers, we now have the very lucrative financial range, termed as 'non homeowner loans'
All beneficial loan products designed under the category of non homeowner loans are settled with lucid terms and conditions for the suitability of the borrowers. In addition to this, for a non homeowner, who has secured a bad credit record against his name, procuring non homeowner loans is not much of a hassle. One just needs to search for a lender with a reliable track record and can avail these loans in an effective manner. Secondly, as no collateral is required to be evaluated and verified, the processing mechanism of this loan also becomes very easy and quick. Therefore, all those tenants, who are searching for valuable financial assistance from external resources, should consider this loan range for their respective purposes. For information on these loans, you can refer to the renowned finance consultancies and verified corporate financial websites.
In order to apply for these loans, you have to offer correct, genuine information regarding your personal and employment status. Stay assured with the fact that your details will be kept in strict confidence with the lenders. Moreover, make efforts to approach a good loan providing institution that is actively associated with a wide network of lenders and brokers, who are avid to offer you the most suitable deal of non homeowner loans. However, while opting for such a mechanism, the trust factor is should be focused to ensure the safety of your financial and other offered documents and data. Hence, research well before, taking this loan assistance from any finance company.
Non homeowner loans are considered as one of the most hassle free financial services and thus, one can easily mould this option according to his own suitability. As for instance, this loan plan is free from the mandatory clauses of credit check and collateral submission and for this reason only, many depressed borrowers can aim for better economic solutions with its restriction character. However, the interest rate levied on this loan may be little higher as compared to the other traditional secured loans, but with the growing competition in the market and huge demand of this loan, even this flaw has reduced to a certain level.
Article Source: http://www.articlesbase.com
All beneficial loan products designed under the category of non homeowner loans are settled with lucid terms and conditions for the suitability of the borrowers. In addition to this, for a non homeowner, who has secured a bad credit record against his name, procuring non homeowner loans is not much of a hassle. One just needs to search for a lender with a reliable track record and can avail these loans in an effective manner. Secondly, as no collateral is required to be evaluated and verified, the processing mechanism of this loan also becomes very easy and quick. Therefore, all those tenants, who are searching for valuable financial assistance from external resources, should consider this loan range for their respective purposes. For information on these loans, you can refer to the renowned finance consultancies and verified corporate financial websites.
In order to apply for these loans, you have to offer correct, genuine information regarding your personal and employment status. Stay assured with the fact that your details will be kept in strict confidence with the lenders. Moreover, make efforts to approach a good loan providing institution that is actively associated with a wide network of lenders and brokers, who are avid to offer you the most suitable deal of non homeowner loans. However, while opting for such a mechanism, the trust factor is should be focused to ensure the safety of your financial and other offered documents and data. Hence, research well before, taking this loan assistance from any finance company.
Non homeowner loans are considered as one of the most hassle free financial services and thus, one can easily mould this option according to his own suitability. As for instance, this loan plan is free from the mandatory clauses of credit check and collateral submission and for this reason only, many depressed borrowers can aim for better economic solutions with its restriction character. However, the interest rate levied on this loan may be little higher as compared to the other traditional secured loans, but with the growing competition in the market and huge demand of this loan, even this flaw has reduced to a certain level.
Article Source: http://www.articlesbase.com
Saturday, September 13, 2008
Unsecured Tenant Loans: Non Homeowners Have No Option?... It's Time To Reconsider
The "Loan World" is a complex jungle full of a variety of loans, all at your disposal. Literally - there's something for everyone! There are Personal Loans, Wedding Loans, Home Improvement Loans, Home Loans and many others. The cash obtained through these loans can then be used for home furnishing, renovation, buying that dream home/car, education or weddings. Well, what about those who have no security to offer or no collateral to put up to avail these loans? Like I said, there's something for them too, it's called an Unsecured Tenant Loan.
Being unsecured like many other loans, these Tenant Loans do not require you (the borrower) to place any collateral as security, as in case of Secured Loans. This makes Unsecured Tenant Loans very attractive to non homeowners like tenants, students, PG's, etc. However, this advantageous feature has it's drawback too. Owing to the absence of collateral, lenders have to bear a greater risk with regard to repayment. With Secured Loans, in case you default on your repayments, lenders can take custody of your collateral. Conversely, in case of Unsecured Tenant Loans, defaulting on your monthly payments leaves your lenders in a lurch.
Advantages of a Tenant Loans:
· The best thing about a tenant loan is that you don't have to put any property at risk. Most people who put up their home as collateral face repossession in case of inability to repay the loan.
· Tenant Loans save your precious time in the process of procurement, as you don't have to go for valuation of property. As a result you avoid a lot of paper work.
· Tenant Loans are also available for people with bad credit histories, although the approval process is not a piece of cake.
· Tenant Loans, in short, are a boon for all non homeowners like council tenants, students, etc.
From above, as you can see, as there is no collateral to consider, there obviously can be no process for valuation of collateral. This means that your Unsecured Tenant Loan will take lesser time for approval and will clearly entail lesser paperwork, making liquid cash available to you rather quickly.
Now I'm sure you're wondering why lenders offer such loans, when there's nothing in it for them. Well, here's what you've been looking for - a glitch! To explain this better, let's start talking "interest rates." To compensate for the lender's risk factor, Unsecured Tenant Loans come with fairly high rates of interest. In addition to this, lenders need to make sure that the Unsecured Tenant Loans are repaid as soon as possible and so these loans have relatively short loan terms. As a precaution, the loan amounts are also restricted or limited as compared to Secured Loans. For example: For basic secured loans, the loan amount ranges from £5,000 to £75,000 and the repayment period extends from 5 to 25 years. While for Unsecured Tenant Loans, lenders tend to limit the value to £25,000 and the loan term extends up to 10 years only. So nothing can be perfect after all!
Disadvantages of Tenant Loans:
· Tenant Loans come with high interest rates because of the absence of collateral.
· The loan terms of Tenant Loans are very short to facilitate quick repayment.
· Tenant Loans grant only small loan amounts for the same reasons.
Unsecured Tenant Loans lenders too, are businessmen after all and have to have a reason for granting you your loan. For this, besides considering loan amount, loan terms and interest rates they need to mull over your repayment capability. They can gauge your repayment potential after checking your on your credit history and financial standing. A good credit history will further accelerate the approval procedure while a bad credit history will slow down the process. Here, please remember, that bad credit doesn't necessarily stop you from getting your Unsecured Tenant Loan. Even those of you with bad credit due to a past bankruptcy, default in repayments, C.C. J's (County Court Judgements) or arrears stand a fair chance of getting an Unsecured Tenant Loan approved.
Every Unsecured Tenant Loan is tailored to your needs and financial standing, so choose wisely. You must have extensive knowledge about current rates and options to finalize any loan. Take expert advice from knowledgeable people. Getting as many quotes from as many Unsecured Tenant Loan lenders as possible simplifies the situation.
... Like I said earlier, "There's something for everyone." So get going today!
Article Source: http://www.articlesbase.com/
Being unsecured like many other loans, these Tenant Loans do not require you (the borrower) to place any collateral as security, as in case of Secured Loans. This makes Unsecured Tenant Loans very attractive to non homeowners like tenants, students, PG's, etc. However, this advantageous feature has it's drawback too. Owing to the absence of collateral, lenders have to bear a greater risk with regard to repayment. With Secured Loans, in case you default on your repayments, lenders can take custody of your collateral. Conversely, in case of Unsecured Tenant Loans, defaulting on your monthly payments leaves your lenders in a lurch.
Advantages of a Tenant Loans:
· The best thing about a tenant loan is that you don't have to put any property at risk. Most people who put up their home as collateral face repossession in case of inability to repay the loan.
· Tenant Loans save your precious time in the process of procurement, as you don't have to go for valuation of property. As a result you avoid a lot of paper work.
· Tenant Loans are also available for people with bad credit histories, although the approval process is not a piece of cake.
· Tenant Loans, in short, are a boon for all non homeowners like council tenants, students, etc.
From above, as you can see, as there is no collateral to consider, there obviously can be no process for valuation of collateral. This means that your Unsecured Tenant Loan will take lesser time for approval and will clearly entail lesser paperwork, making liquid cash available to you rather quickly.
Now I'm sure you're wondering why lenders offer such loans, when there's nothing in it for them. Well, here's what you've been looking for - a glitch! To explain this better, let's start talking "interest rates." To compensate for the lender's risk factor, Unsecured Tenant Loans come with fairly high rates of interest. In addition to this, lenders need to make sure that the Unsecured Tenant Loans are repaid as soon as possible and so these loans have relatively short loan terms. As a precaution, the loan amounts are also restricted or limited as compared to Secured Loans. For example: For basic secured loans, the loan amount ranges from £5,000 to £75,000 and the repayment period extends from 5 to 25 years. While for Unsecured Tenant Loans, lenders tend to limit the value to £25,000 and the loan term extends up to 10 years only. So nothing can be perfect after all!
Disadvantages of Tenant Loans:
· Tenant Loans come with high interest rates because of the absence of collateral.
· The loan terms of Tenant Loans are very short to facilitate quick repayment.
· Tenant Loans grant only small loan amounts for the same reasons.
Unsecured Tenant Loans lenders too, are businessmen after all and have to have a reason for granting you your loan. For this, besides considering loan amount, loan terms and interest rates they need to mull over your repayment capability. They can gauge your repayment potential after checking your on your credit history and financial standing. A good credit history will further accelerate the approval procedure while a bad credit history will slow down the process. Here, please remember, that bad credit doesn't necessarily stop you from getting your Unsecured Tenant Loan. Even those of you with bad credit due to a past bankruptcy, default in repayments, C.C. J's (County Court Judgements) or arrears stand a fair chance of getting an Unsecured Tenant Loan approved.
Every Unsecured Tenant Loan is tailored to your needs and financial standing, so choose wisely. You must have extensive knowledge about current rates and options to finalize any loan. Take expert advice from knowledgeable people. Getting as many quotes from as many Unsecured Tenant Loan lenders as possible simplifies the situation.
... Like I said earlier, "There's something for everyone." So get going today!
Article Source: http://www.articlesbase.com/
Friday, September 12, 2008
Tenant Loans: Non Homeowner Can Attain Monetary Aid
A tenant may have limited borrowing options as he has no security to place against the loan amount. But this does not restrict the non homeowners from fulfilling any of their needs or requirements. A financial help for such borrowers is a tenant loan.
Tenant loans can be applied by a tenant, non homeowner, council tenant or a person who lives with his parents, when they are in urgent need of funds. A part from these people who do not have a security to place even the homeowners can apply for these loans if they do not wish to pledge their valued assets against the loan amount.
A tenant loan can be availed by a borrower for any purpose without any restriction like to clear all your debts, wedding, paying bills, carry out some home improvements, buy a new car or bike, or to go for the dream holidays.
The applicants who wish to apply for the tenant loans may be sanctioned any amount ranging from £1,000 and £25,000 for a repayment period of 1 to 10 years, along with the advantage of variable interest rates.
Tenant loans are available to any tenant if he fulfills certain conditions. The borrower is expected to be 18 years old, be in full time employment with a monthly salary of at least £ 1,000 and also have a checking account.
Tenant loans bring along a number of advantages attached to them. It has a lot to offer its borrowers. These loans are-
* Provides funds without any restriction on usage.
* Require no collateral and
* Availed with the benefit of flexible repayment terms.
Thus it can be said that the tenant loans are a good option for non homeowners who need cash but have no security to place against the loan amount.
Article Source: http://www.articlesbase.com
Tenant loans can be applied by a tenant, non homeowner, council tenant or a person who lives with his parents, when they are in urgent need of funds. A part from these people who do not have a security to place even the homeowners can apply for these loans if they do not wish to pledge their valued assets against the loan amount.
A tenant loan can be availed by a borrower for any purpose without any restriction like to clear all your debts, wedding, paying bills, carry out some home improvements, buy a new car or bike, or to go for the dream holidays.
The applicants who wish to apply for the tenant loans may be sanctioned any amount ranging from £1,000 and £25,000 for a repayment period of 1 to 10 years, along with the advantage of variable interest rates.
Tenant loans are available to any tenant if he fulfills certain conditions. The borrower is expected to be 18 years old, be in full time employment with a monthly salary of at least £ 1,000 and also have a checking account.
Tenant loans bring along a number of advantages attached to them. It has a lot to offer its borrowers. These loans are-
* Provides funds without any restriction on usage.
* Require no collateral and
* Availed with the benefit of flexible repayment terms.
Thus it can be said that the tenant loans are a good option for non homeowners who need cash but have no security to place against the loan amount.
Article Source: http://www.articlesbase.com
Tuesday, September 9, 2008
Non Homeowner Personal Loans - No Collateral & Bad Credit O.K
NON HOMEOWNER PERSONAL LOANS,No collateral and bad credit O.K, No credit checks, no faxing,The best non homeowner personal loans. Super fast same day service
NON HOMEOWNER PERSONAL LOANS - NO COLLATERAL & BAD CREDIT Need an urgent loan but keep getting turned down ? Finding non homeowner personal loans with no collateral and bad credit these days is getting harder and harder. Are you sick of everyone asking you for credit checks, what you have for security or weather or not you are a home owner ? Well not here, How does an INSTANT small interest free loan sound. You wont have to beg and grovel to get a loan through us.
NON HOMEOWNER PERSONAL LOANS - SUPER FAST APPROVAL With a non faxing application taking around five minutes on average to complete and approval shortly after with overnight payment, it is no wonder that this loan product is the most popular on the internet today. But why don't you be the judge of that.
Article Source:http://www.goarticles.com
NON HOMEOWNER PERSONAL LOANS - NO COLLATERAL & BAD CREDIT Need an urgent loan but keep getting turned down ? Finding non homeowner personal loans with no collateral and bad credit these days is getting harder and harder. Are you sick of everyone asking you for credit checks, what you have for security or weather or not you are a home owner ? Well not here, How does an INSTANT small interest free loan sound. You wont have to beg and grovel to get a loan through us.
NON HOMEOWNER PERSONAL LOANS - SUPER FAST APPROVAL With a non faxing application taking around five minutes on average to complete and approval shortly after with overnight payment, it is no wonder that this loan product is the most popular on the internet today. But why don't you be the judge of that.
Article Source:http://www.goarticles.com
Monday, September 8, 2008
Bad Credit Personal Loans: Bad Times Will Now Be Over For You
Problems never arise according to your financial condition. You never know when what bad is about to happen with you. Therefore, preparing yourself for such accidents is never possible. However, with a bad credit record too you may suffer from the trauma of need for cash. To handle such situations you should prefer to go for only one loan, the Bad Credit Personal Loans.The most important reason for one to go for these loans is that it will not turn him down and the rate of interest will not be much high.
For these loans it is not necessary for you to be a homeowner because non homeowners too are offered loans. For borrowers like you the unsecured loans are especially being designed where no collateral is required. An amount ranging from £1,000 to £25,000 is offered here and to pay back 1 to 10 years is provided. The rate of interest in these unsecured loans is higher and if you want to avoid it then you can pick up another suitable loan from the loan market.
Those who have their own home or any other valuable property to offer as collateral can approach the secured loans. However, the pledging of security makes your task easy as the rate of interest gets lower here. Money offered to you is also bigger which ranges from £5,000 to £75,000 for 5 to 25 years.
Your child’s education is very essential and hence through it if you want then can manage to pay for anything that will be required in it. Likewise, there are several other tasks like repayment of debts, buying a car, improvement of home, medical treatment or your wedding for which the loan amount is ideal.
So, you can get the bad credit personal loans easily without any hassle and any disturbance. To get out of your poor credit records also you can take help of it. For that the repayments should have to be continued and no skip should be made.
Article Source:http://www.goarticles.com
For these loans it is not necessary for you to be a homeowner because non homeowners too are offered loans. For borrowers like you the unsecured loans are especially being designed where no collateral is required. An amount ranging from £1,000 to £25,000 is offered here and to pay back 1 to 10 years is provided. The rate of interest in these unsecured loans is higher and if you want to avoid it then you can pick up another suitable loan from the loan market.
Those who have their own home or any other valuable property to offer as collateral can approach the secured loans. However, the pledging of security makes your task easy as the rate of interest gets lower here. Money offered to you is also bigger which ranges from £5,000 to £75,000 for 5 to 25 years.
Your child’s education is very essential and hence through it if you want then can manage to pay for anything that will be required in it. Likewise, there are several other tasks like repayment of debts, buying a car, improvement of home, medical treatment or your wedding for which the loan amount is ideal.
So, you can get the bad credit personal loans easily without any hassle and any disturbance. To get out of your poor credit records also you can take help of it. For that the repayments should have to be continued and no skip should be made.
Article Source:http://www.goarticles.com
Friday, September 5, 2008
Online Unsecured Loans: Loan Market At Your Doorstep
Sometimes a non homeowner may come across certain emergency situations when he requires a fast and effective solution to all his monetary troubles. Getting quick and effective financial solutions can be a major worry for you. But this worry can be dealt with the online unsecured loan options.
Online Unsecured Loans are a financial support and a source of competitive loan offers for the borrowers. These loans are designed for anybody who do not have or do not wish to pledge their priced assets. It does not require them to place any security against the loan amount. Online unsecured loans confer the borrowers with the ease of attaining a loan by sitting at your home.
These loans are meant for instant processing of the loan application and are given by online lenders through their easy to fill online application. By filling a single page online form a borrower is allowed to apply for these loans. These forms do not cost you anything at all and moreover they do not obligate you to accept the loan offer. Thus, you can collect the quotes from a number of lenders and compare these quotes to select the best deal.
Since the processing of online unsecured loans is quite fast as they do not involve any evaluation of property. Online processing is more accurate and error free as a borrower can obtain all the detailed information through internet, before accepting any loan offer.
Fast unsecured loans can be attained by borrowers for various purposes. These may include home improvement, wedding expenses, car purchase, educational expenses, debt consolidation or travel expenses. Loans can be borrowed in the range of £1000-£25000 for a term of 6 months to 10 years. This term may vary according to the financial capability and repayment ability of the borrower.
These loans guarantee benefits like easy repayment options, easy loan approval with no verifications, collateral free, fast funding, flexibility and availed for any purpose.
An unsecured online loan endeavors to provide financial assistance to a borrower but without any inconvenience. This has been made possible through the online lenders.
Article Source:http://www.goarticles.com/
Online Unsecured Loans are a financial support and a source of competitive loan offers for the borrowers. These loans are designed for anybody who do not have or do not wish to pledge their priced assets. It does not require them to place any security against the loan amount. Online unsecured loans confer the borrowers with the ease of attaining a loan by sitting at your home.
These loans are meant for instant processing of the loan application and are given by online lenders through their easy to fill online application. By filling a single page online form a borrower is allowed to apply for these loans. These forms do not cost you anything at all and moreover they do not obligate you to accept the loan offer. Thus, you can collect the quotes from a number of lenders and compare these quotes to select the best deal.
Since the processing of online unsecured loans is quite fast as they do not involve any evaluation of property. Online processing is more accurate and error free as a borrower can obtain all the detailed information through internet, before accepting any loan offer.
Fast unsecured loans can be attained by borrowers for various purposes. These may include home improvement, wedding expenses, car purchase, educational expenses, debt consolidation or travel expenses. Loans can be borrowed in the range of £1000-£25000 for a term of 6 months to 10 years. This term may vary according to the financial capability and repayment ability of the borrower.
These loans guarantee benefits like easy repayment options, easy loan approval with no verifications, collateral free, fast funding, flexibility and availed for any purpose.
An unsecured online loan endeavors to provide financial assistance to a borrower but without any inconvenience. This has been made possible through the online lenders.
Article Source:http://www.goarticles.com/
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