- Good and bad credit histories accepted
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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”).
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.
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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