TrustTwo loans are suitable for people with bad credit looking for additional financial support.
Some banks and other companies may refuse in giving a loan at all, but TrustTwo allows people with different circumstance to enjoy the needed help.
In order to figure out whether this business is really good to deal with, what conditions they have, and what customers think of them, you should keep reading this review.
TrustTwo is a new division of Everyday Lending Ltd. based in Buckinghamshire.
They offer guarantor loans for people who cannot take them on their own name due to bad credit or other circumstance.
The business is officially registered and regulated by the FCA.
Their website has a user-friendly interface and plenty of helpful information.
What Do They Offer?
TrustTwo offers their services to people who find it difficult to get a loan on their own name.
You can become their client if you ask someone, like your friend or a member of your family, to become a guarantor.
You can apply on something between £500 and £10,000.
You can pay your loan earlier without encountering any penalties.
Another important thing about TrustTwo guarantor loans is that they will be giving on your own name, which allows you to improve your credit score.
The maximum APR is 48.9%, and the rates are fixed, which means that you will need to pay the same amount every month.
They do not take any additional fees, for instance, for arrangements or late payments.
Also, you can pay off your loan earlier without any charges.
The Basic Requirements
To apply for a loan, you must match to the following conditions:
- Being over 18 years old;
- Having a residency in the UK;
- Being able to repay according to the agreement.
The following are the requirements applied to your guarantor:
- Being from 25 to 74 years old;
- Having a good credit score;
- Not being your spouse;
- Having separate finances;
- Being a homeowner/paying a mortgage, renting an apartment/living with parents.
- Agreeing to pay payment instead of you.
Ratings and Reviews
Trusttwo has a high rating of 4.6 out of 5 based on 246 reviews on Feefo.
Nearly the same high rating (4.5 out of 5), the business has on Readies based on 38 reviews.
On Choose Wisely, the company has the rating of 4.5 out of 5 based on 39 votes.
The company has high ratings on several reputable online sources and good conditions for those people who need to get a loan even with bad credit.
It is also an excellent chance to improve their credit score.
The business’s conditions are affordable, and they include no extra fees.
It may be a little difficult to use the help of a guarantor, but it is a reliable way to get a loan.
All in all, TrustTwo loans can be definitely recommended for those looking for extra money.