Owning a car has become a necessity these days rather than a status symbol. Yet buying a car is a costly affair for many of the UK residents. Most of the people drop their idea of having a new car just because they dont have enough funds with them. They think of getting a loan but their bad credit history and lack of collateral with them doesnt allow them to get a good loan deal. But now there is an answer to such financial problem, and the answer is bad credit tenant car loans.
Bad credit tenant car loan is a form of unsecured loans for buying car for people with bad credit. Earlier it is said if you are a tenant and you fall under bad credit you cant get a loan. Though, it is a valid reason for lender to deny the borrower from taking the loan. The reason is that in case of an unsecured loan the credit score of the borrower is the only thing that assures the lender that he is going to get back his money in form of repayment.
But with a bad credit tenant car loan you can get the loan approved without offering any collateral to the lender. The only thing which is affected by your credit score is the interest rate which you may get. Better the score, lesser the...
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