Home Trust is a major mortgage and loan provider that offers a selection of financial solutions, including retail credit, deposits, VISA credit cards, and other products. Customers are also offered retail credit and receivable purchase plans. The home improvement program offers fully open loans, instant approval, and flexible financing solutions for kitchens, room additions, patio construction, decks and patios, flooring, air conditioning, and other items.
Home Trust Credit Cards
Home Trust offers credit cards for bad credit by VISA to its customers, regardless of their credit profile. Secured versions are available to borrowers with tarnished scores who are unable to access other sources of funding.
Home Trust Equityline® Visa Card
This card is available to borrowers who have equity in their homes and offers the opportunity to earn cash back on eligible purchases. It is a good solution for home improvement projects and business financing. This card by Visa allows customers to earn 1 percent back on everyday purchases and comes with no annual fee and benefits such as guaranteed hotel reservations, legal assistance and health services, and emergency card replacement. Virtually everyone qualifies. Given the low interest rate, this is a good solution for high-interest balances and debt consolidation. Customers who repay the outstanding balance in full are free to cancel the card.
- APR: as low as 9.99 percent
- No annual fee
- Up to $100,000 in credit
Home Trust Secured Visa Card
This is another product for customers with less than perfect and bad credit that goes with a maximum credit limit of $10,000 and minimum limit of $500. Holders are free to use the card to book vacations and to make purchases over the phone and online. The main benefit is that payments are reported to the major bureaus meaning that timely payments allow borrowers to establish credit.
- APR: 14.9 percent
- Monthly fee: $5
- Annual fee: $59
- Purchase APR: 19.99 percent
- Cash Advance rate: 19.99 percent
- No annual fee
- Interest-free period: at least 21 days
About the Company
Home Trust is a Canadian trust company that is federally regulated and serves a large customer base, from borrowers with past credit problems to customers with no credit history or provable income and self-employed entrepreneurs. The company was founded in 1977 and was originally named the Home Savings and Loan Corporation. It is publicly traded under the ticker HCG on the Toronto Stock Exchange. Headquartered in Toronto, the company has branches across Canada and is a member of VISA Canada and the Canada Deposit Insurance Corporation. Home Trust takes pride in offering flexible solutions and non-traditional financial products to help clients consolidate high-interest balances, save on interest, or purchase a home.