Most companies have some type of rules to protect themselves from high risk loans to tenants. This may sound like the company is trying to protect itself. However, it is also a way to protect the tenant from adding even more debt to the pile of debt it may already have.

One thing that can help increase your chances at a bad credit tenant loan is having a decent income every month. When a company knows that you have a reliable income every month, they are more likely to take the risk and give you a loan. It is also important that you can show that you are up to date on the payment of your bills.

The loans for tenants market is a large one, and because of this it is smart to get multiple quotes from multiple companies and decide which one is best for you. You may not want to accept the cheapest loan you can find if it comes from a renowned unreliable lender. Be sure to compare interest rates as well as the amount of the loan, and remember that if you only need a certain amount of money it is best not to take out a loan for a lot more than that amount. 

If your main goal is to consolidate any outstanding credit you have by taking out a loan it would probably be best to contact your bank and ask what your options are. The answer to your debt problems is rarely to take on more more debt. However, if the loan is needed and your records are good, you will most likely be approved regardless of your credit rating.