UK Trust Loans (UKtrustloans.co.uk) is a specialist lender that prides itself on its ethical practices and individualised customer care. Although UK Trust Loans doesn’t turn customers away who have poor credit or difficult financial circumstances, the company ensures that the customer will be able to make their repayments by allowing them to sign an agreement with a guarantor. The guarantor underwrites the loan to confirm that they will take over payments of the loan if the borrower is unable to do so at any point.
To be eligible to be a guarantor for a UK Trust guarantor loan, you must be a UK homeowner aged between 18 and 75. You must also have proof of sufficient income to repay the loan if the borrower can’t meet repayments and a positive credit history. The lender will contact the guarantor to ensure that they fully understand their role and the terms of the loan agreement.
UK Trust Loans offers loans between £1,000 and £5,000, but the actual amount that a customer may be able to borrow will depend on the lender’s assessment of their financial circumstances. UK Trust Loans will only lend as much as they believe the customer is able to repay, and the interest rate will vary depending on your financial circumstances and the amount you need to borrow.
Guarantor loans from UK Trust Loans come with no arrangement fees, no charges for early settlement or overpayments and no hidden fees. The only way that the guarantor’s credit score could be impacted is if the borrower fails to meet the repayments and the guarantor then cannot cover the amount, so it’s important to ensure that both the borrower and guarantor are financially able to repay the loan each month.
Customers can apply for a UK Trust Loans guarantor loan by filling out the online application form with their guarantor. The lender will then get in touch with you to complete the application and transfer the money into the guarantor’s account. The transfer should take place within 2-3 working days.
Fraud Warning : Ukash
Please note that Trading Standards have informed us that there have been several instances of Indian call centres impersonating UK Trust Loans and charging people an up front fee for a loan. Â This is a scam, if you pay the money you will not receive a loan.
Read the reviews below… the people sending money by UKash have not been dealing with the genuine UK Trust Loans company.