With a tenant loan (no credit check) you can get credit again even
if you have a bad credit history featuring things like defaults, arrears
and CCJs. It is a liberal approach to credit and will once again allow
a significant section of the population access to finance which would
not otherwise have been there. You can do this with the help of a
loan guarantor.
As it is someone else whose financial standing is being scrutinized
that means that you are not going to be credit scored again yourself.
It is crucial for those people who wish to recover that rating that
their credit records are not going to be scrutinized yet another time.
With a tenant loan and no credit check your credit score will not
be looked at over and over. Then by paying the loan off you'll see
that your credit rating will improve as a matter of course making
it far easier to borrow by yourself in times to come.
The idea of tenant loan with no credit check resulted from fallout
due to the credit upheaval of recent times. Something needed to change
to allow folk with bad credit ratings to raise finance. The answer
was the guarantor loan and it has shown itself to be very popular.