TrustTwo Loans are a UK based loan company regulated by the FCA with a UK based customer services call centre. All applicants must be over 18 years of age, be a UK resident and able to afford the repayments. You must not be bankrupt or in an IVA or debt management plan.
TrustTwo offer two levels of loan; if the person securing your loan is a tenant you can borrow between £1000 and £5000 but if they are a homeowner you can borrow up to £7500. If you do not have a good credit rating you will still be eligible for a loan provided you can find a suitable backer.
The person providing surety for your loan can be either a tenant or a homeowner, between 25 and 74 years old and have a good credit rating. They could be a colleague, friend or family member but not your spouse. They will also be required to complete a portion of the application once you have registered your requirements. In the event of you failing to make a repayment on the loan your backer will be expected to clear the overdue sum and will be liable for any further payments. It is therefore extremely important that they both understand the requirements and are able to fulfil the terms of the loan.
TrustTwo are known for both their lower prices and high available loan sums. Loan terms range from between 13 and 60 months but it is possible to repay early if you are able. Loans are generally available within three working days and their customer services advisors are available on Monday to Friday between 9 am and 6 pm and on Saturdays from 9 am to 12 pm.
The minimum loan term is 13 months but it is possible to repay after 12 months for a small fee.
