Are you concerned about your financial situation? Do you have a number of different loans to repay? TrustTwo can help. You could consider using one of our guarantor loans as a debt consolidation loan. This has the advantage of putting all your outstanding credit into one manageable monthly repayment.
If you're concerned about applying for a loan because you have bad credit, our guarantor loans can benefit your financial situation. By using them to consolidate debt and making the regular repayments, you may be able to build up your credit score by proving that you have the financial ability to repay loans and other bills on time.
All of our guarantor loans can be used as debt consolidation loans. This is because they will allow you to pay off your existing debts in their entirety and reduce your number of repayments down to just one a month. This can help make your debt more manageable.
At TrustTwo, our guarantor loans give you the freedom to consolidate your debts into one loan and choose a repayment period that best suits your personal circumstances. You can choose a short term loan of 12 months or extend this up to 5 years.
Am I Eligible?
Anyone is eligible to apply for one of our guarantor loans as long as you are a UK resident and can afford the repayments. All you need to do is ask someone with a good credit rating to act as your guarantor and co-sign the credit agreement with you. Essentially, they will be vouching for your ability to make the repayments.
For debt consolidation, guarantor loans allow you to pay off a number of debts with one loan payment. It's a quick process - there are no upfront costs and your loan can be paid out within 3 working days of your successful application.
Who Can Be My Guarantor?
You can choose almost anyone to be your guarantor, with the exception of your wife or husband. However, you must both be aware that the guarantor will be liable to make the contractual repayments if you fail to pay.
Take a look at our full range of guarantor loans online today. If you have more questions about the loans available for debt consolidation purposes, please contact us on 01628 280 113 or email us at [email protected].