Please note: High-cost short-term credit is unsuitable for sustained borrowing over long periods and would be expensive as a means of longer-term borrowing.
Sites like TrustTwo
TrustTwo lends to people who often struggle to get credit due to the way their credit score looks to mainstream lenders.
TrustTwo is a specialist lender providing personal loans of between £500 and £10,000 over terms from one to five years. To get a loan from TrustTwo you’ll need a “guarantor” – that’s a relative or friend who promises to pay back the loan in the event that you don’t (hence the name “TrustTwo”).
Discover loans like TrustTwo
Guarantor loans unfortunately involve higher interest rates than a personal loan from your average high-street bank. But for some borrowers, applying with a guarantor can help them to access better rates than they might alone.
Like any loan, provided you stick to the repayment schedule a TrustTwo loan could help you build a positive credit record, meaning you could then access better rates in future.
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