Tenant loans are those loans designed specifically for people who do not own their own home but are council or private landlord tenants. These loans are also design for housing association tenants and people living at home with parents. Tenant loans are usually more difficult to arrange and the sums involved are typically lower due to the lack of any security for the lender. Interest rates on these loans may also be slightly higher. However there are many companies providing this type of lending, so if you have a poor credit history even to the extent of having previous arrears, CCJs or perhaps bankruptcy there is a chance that you could still find a deal to suit.

Cash Loans, sometime called Payday Loans or Month-end loans are low value, short term loans that are available to help people get over a short term shortage of available cash. The term Payday loan stems from the fact that the can usually be repaid in full once the borrower recieves their weekly or monthly pay check. The amounts involved here are much lower, often only a few hundred pounds and the repayment period could be just a few weeks. Care should be taken if you circumstances force you to keep rolling over your payday loan, becasue you are nver able to repay it in full. The repayments on these loans may look small but you should carefully check the interest rates being charged as they can be relatively expensive.