Have you been mis-sold a guarantor loan by TrustTwo?
Average compensation is £4,600**
Top-ups and additional loans most likely to be approved for compensation.
Trust Two Compensation, What’s it all about?
Customers who believe that they were mis-sold a Trust Two loan will be able to claim any interest paid plus an additional 8% compensatory interest . This is only on the basis that the individual struggled to pay back or had to use top-ups or subsequent loans to pay off their loan.
There has been a recent surge in Amigo refunds and claims against guarantor lenders in the UK.
At Forces Compare, we have partnered with Clear Legal Marketing Limited to package up your refund application, so it is in the best position to be redressed and paid out as quickly and efficiently as possible. The application takes 5 minutes when you click on ‘start your claim’ below. Lenders are required to response to your claim submission within 8 weeks.
Trust Two loans was founded in 2014
If you have taken out a Trust Two guarantor loan and one or several of the following statements below applies to you, you may be entitled to Trust Two compensation.
Mis-sold a Trust Two Loan?
If you believe that you were mis-sold an Trust Two loan, you now have the opportunity to request a refund.
Whilst you may have really needed the loan at the time, you may have found yourself in a worse financial position as a result and the loan should not have been granted in the first place.
If you already had a loan with Trust Two and needed to borrow extra money, you may have been given extensions or top-ups, without adequate checks, only to put you under more financial pressure.
Why Could I Be Given an Trust Two Refund?
Guarantor Loan Complaints – An Overview
The first thing to consider when reviewing the eligibility for a guarantor loan complaint is whether a loan was affordable before given to you.
In short, the appropriate definition of affordable is whether or not after repaying it in installments, on time, you have money left over to pay your bills to avoid further lending.
To summarise, if you had to borrow more money or became behind with bills as a result of your guarantor loan repayments, you have grounds to make an affordability complaint. This route is available regardless of whether you are still paying the loan, have stopped paying the loan and are relying on your guarantor or even if the loan has been repaid.
If your affordability complaint is successful there are three potential outcomes. Should you still owe money, your interest is removed and you simply repay back what you borrowed. If your loan has now been repaid you will receive a refund of the interest in addition to 8% of the amount of your statutory interest.
We work on a no win no fee basis. We charge 36% (30% + VAT) on any successful claims of the total refund received from your lender If you cancel our service without our agreement after 14 days and after we submit your claim you will be liable to pay our full success fee should your claim be successful. You do not need to use our services to make a claim against your lender(s). It’s free to claim compensation from financial companies if you have lost money from a mis-sold financial product. You can do this yourself directly with the lender(s) and even if they reject your claim you can still take this to the Financial Ombudsman Service http://www.financial-ombudsman.org.uk. If you aren’t sure how to make the claim, you can get free, impartial advice from consumer organisations.
*FOS uphold 94% of claims based on Amigo claims – https://bit.ly/35Lexcm
**Data from refunds against Amigo Loans received by Clear Legal Marketing Limited’s clients up to 17th July 2020.
Forces Compare has partnered with Clear Legal Marketing Limited to offer its clients the opportunity to reclaim compensation for mis-sold guarantor loans. Clear Legal Marketing Limited is a Claims Management Company, (registered number 07933243) Ltd whose registered address is Unit 115-119 Timber Wharf, 42-50 Worsley Street, Manchester M15 4LD and who are Regulated by the Financial Conduct Authority. Its registration is recorded on the website https://register.fca.org.uk. Reg No: 833090, Registered with the Information Commissioners Office. Reg No: Z3370717 All calls to Clear Legal Marketing Ltd are recorded in line with the FCA requirements