{"id":5561,"date":"2023-08-06T12:41:16","date_gmt":"2023-08-06T12:41:16","guid":{"rendered":"https:\/\/latestnews.top\/2023\/08\/06\/midas-share-tips-secure-trust-bank-is-a-winner-despite-downturn-for-banks\/"},"modified":"2023-08-06T12:41:16","modified_gmt":"2023-08-06T12:41:16","slug":"midas-share-tips-secure-trust-bank-is-a-winner-despite-downturn-for-banks","status":"publish","type":"post","link":"https:\/\/latestnews.top\/midas-share-tips-secure-trust-bank-is-a-winner-despite-downturn-for-banks\/","title":{"rendered":"MIDAS SHARE TIPS: Secure Trust Bank is a winner despite downturn for banks"},"content":{"rendered":"
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Banks have been in the spotlight for all the wrong reasons lately \u2013 shutting down accounts<\/a>, penalising savers<\/a>, losing customer trust. But Solihull-based Secure Trust Bank<\/span>\u00a0strives to be different.<\/p>\n Under ambitious chief executive David Creadie, the bank defines its mission as helping consumers and businesses to fulfil their ambitions.<\/p>\n In a world awash with flowery but meaningless corporate gobbledegook, Secure Trust’s ethos is reassuringly simple. And it is backed by hard graft and consistent service across four main areas of lending \u2013 goods and services, cars, professional property and business.<\/p>\n The first arm is all about helping shops to offer credit, largely interest-free, to their customers.\u00a0<\/p>\n Secure Trust works with more than 1,500 retailers, including Watches of Switzerland and furniture giant DFS. Creadie also supplies all the Premier League clubs with finance so they can offer season ticket deals to fans. And with some London clubs charging well over \u00a31,000 for a single season of games, supporters need all the help they can muster.<\/p>\n Not so long ago, Secure Trust focused on costly loans for hard-pressed shoppers. Now, the bank tends towards interest-free credit, generally offered to more affluent consumers, who are less susceptible to economic pressures.\u00a0<\/p>\n Bad debts are lower, credit facilities are higher and Secure Trust is expanding at a fair clip, increasing lending by more than \u00a31billion last year alone, while remaining prudent about the customers it takes on.<\/p>\n Secure Trust also supplies finance to nearly 500 car dealers and brokers so they can offer deals to motorists in search of second-hand vehicles.<\/p>\n