Trust Two Loans Review - Best Companies

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Everyday Lending Limited provides two trust loans. They are a Buckinghamshire-based private limited business that has been in operation since 2006.

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TrustTwo is a direct lender that specializes in guarantor loans for persons with bad credit who are having difficulty acquiring loans elsewhere. TrustTwo is a trading name of Everyday Loans Lending Limited, which is registered with the Financial Conduct Authority.

Discover if this is the right match for you in this Trust Two Loans review.

Table of Content

1 Trust Two Loans Overview
2 Services Offered By TrustTwo Loans
- 2.1 How to Choose a Guarantor for a Guarantor Loan
- 2.2 How to Apply for TrustTwo Guarantor Loans
3 Trust Two Contact Details
4 Trust Two Loans Reviews
5 Summary
6 All UK Loan Companies

Trust Two Loans Overview

TrustTwo lends to customers having trouble getting a loan in their name because of how their credit score appears to other high-street lenders. TrustTwo Loan is unique, providing responsible borrowing transactions based on personal trust, as demonstrated via Joined-Up Borrowing.

TrustTwo loans include guarantor loans that can reach up to £1,000 and £15,000 at a fair rate by asking our customers to seek a family member or close friend to act as a Guarantor. As a TrustTwo customer, you have complete control over your loan and can pay it back at your leisure.

Everyday Lending Limited’s Trusttwo is a trading style (Company registration no. 5850869, England & Wales) with a registered 1st Floor North, 2 Dukes Meadow, Bourne End, Buckinghamshire, SL8 5XF is the registered office and trading address.

The Financial Conduct Authority has licensed and regulated Everyday Lending Limited (Firm Reference No. 724445). Everyday Lending Limited is a member of the Finance and Leasing Association, and as such, we adhere to the association’s lending code.

Services Offered By TrustTwo Loans

TrustTwo Loans specializes in offering guarantor loans. Meaning that a guarantor is required for a TrustTwo loan. If you fall behind on your loan monthly repayments, this person offers to make the payments for you.

Guarantor Loan. A guarantor loan is an unsecured loan in which the credit agreement is co-signed by a guarantor. A guarantor is someone who undertakes to repay the borrower’s debt if he or she fails to make agreed-upon payments.

How to Choose a Guarantor for a Guarantor Loan

There are certain things you need to consider when looking for a guarantor. First, the guarantor needs to be between 21 to 80 years old to be legally allowed to join the loan agreement. Your spouse cannot be your guarantor, as a guarantor loan requires the guarantor to have separate finances from the borrower and they should not be financially linked. The guarantor must also have a good credit history as their credit rating is also considered for the loan repayments. The guarantor may be a homeowner or may have a mortgage. They need to be suitable tenants or need to be living with their parents.

As a guarantor, they need to agree to enable the equity in their home to be used as additional security for the loan taken out. The property being financed will serve as the principal security for the loan, but the lender will also take out a mortgage on your home.

How to Apply for TrustTwo Guarantor Loans

You can apply for a TrustTwo Guarantor Loan online. You and your guarantor fill out an online application. The lender will normally need to verify some information and papers, such as if you are a UK resident and are above the age of 18. You will also be required to show proof of your ability to meet the monthly payment requirements. Your guarantor will be required to supply financial information as well as have their credit history reviewed in order to assure the lender that they will be able to make any missed payments.

Trust Two Contact Details

Trust Two is here for you to answer borrower’s inquiries about the loans they offer, the application process and the online application form. You can also contact TrustTwo to ask for guidance about your bank account and how your personal finances need to change to accommodate your loan.

Address: Secure Trust House, Boston Drive, Bourne End, Buckinghamshire, SL8 5YS

Telephone Number: 01628 280 113

Website: https://www.trusttwo.co.uk/

Email: [email protected]

FCA Registration Number: 724445

Data Protection Registration Number: Z9591892

Twitter: https://twitter.com/Trusttwoloans

The Financial Conduct Authority (FCA) is the UK’s financial services and financial markets conduct regulator.

Trust Two was authorised and regulated by Financial Conduct Authority, and they are members of the Finance and Leasing Association. Everyday Lending is a medium-sized loan company with an annual turnover of roughly £57 million. They are a profitable and successful business.

Trust Two Loans Reviews

Take a look at how this lending company has helped its customers who are experiencing money problems through some of TrustTwo Reviews.

In fairness to TrustTwo, I’ve had a pretty seamless experience with them – though from a “personal finance” point of view I would highly recommend avoiding high-interest loans if possible… you will be paying them back forever.

I got the loan in 2018 (~£8000) within 24hours, repayments at around £260 per month, so a quick turnaround. Staff we’re helpful. I had no issues with them taking monthly payments or issues with me paying the repayments, so never needed customer service etc.

As of November 2020, I had ~£6000 left to pay.

decided to take a chunk of this months work commission & pay it all off in one go.

Emailed to receive a settlements figure on Friday, received a quick reply the same day.

Rang up today, only a couple of minutes in a queue, paid the £6k via card with a helpful girl over the phone.

Easy experience all-round really. Just avoid high-interest debt if you can.. use it as a last resort. You’re effectively losing ~30-40% per year, so no point making any personal investments until it’s paid off. experience has been 5*, giving 4* because the rates are so high.

Hope that helps, and best of luck. – JA

Summary

Trust Two is a legitimate lending business that is authorised and regulated by the Financial Conduct Authority. They take care of their borrowers as much as they can in the past year. They are open to discussing the loan amount and the settlement figure when needed. All in all, Trust Two is a good site to try when you want to loan early and pay early.

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