Secure Trust unveils Trusttwo

Sarah Davidson

March 18, 2015

The loans, which require a guarantor who is willing to take responsibility for repayments should the borrower fail to pay up, are designed for those with a poor credit rating,

Trusttwo comes with an APR of 39.9% while clients can borrow from £1,000 to £7,500 over terms of 12-60 months.

Danny Malone, chief executive of personal loans and mortgages at Secure Trust Bank PLC, said: “We are delighted to launch Trusttwo – until recently, customers looking for a guarantor loan have had fairly limited choice.

“Our Trusttwo offer means greater choice for customers. Trusttwo will provide those unable to access credit from mainstream lenders with a way to secure the funds that they need, while working to improve their credit rating for the future.

“Trusttwo also offers them a stepping-stone on the path to build a robust credit rating for themselves – and, importantly, we do this at an extremely competitive rate.”

He added: “Trusttwo customers also benefit from the fact that we’re part of Secure Trust Bank, one of the UK’s challenger banks.

“The bank is a well-established and well-respected organisation, so our customers can be sure that they are in good hands.”

Guarantors need to be aged 25-74 with a good credit history.

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