Tenants need not let their previous bad credit performance hold them back from borrowing the money that they need now. There are many lenders who are seeking out bad credit borrowers who need to make needed purchases but lack the funding to do so. These lenders do not require that the borrower has collateral to pledge as security to receive the loan. These types of loans are known as tenant loans, and if you are a non-homeowner, you can apply for yours today.
Lenders Looking For You
Bad credit can haunt you for years, and there are many reasons that your credit may be less than perfect, but your servicer cares less about your borrowing history than your borrowing future. If you have adequate income, the lender looks at your lack of a huge mortgage payment each month as an asset.
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