The Training Room is better known for providing personal trainer courses. Established for eight years, it recognised in 2011 the need to offer a credit scheme for some of its trainees. “We realised that a number of potential trainees were unable to seek bank loans or other forms of credit to pay for their course with The Training Room,” says Jonathan Davies, founder and CEO of The Training Room. “We felt that by offering a competitive credit scheme, we could help students manage a smooth, simple credit application and give them synergy between their funding and learning with us.
Within the first year 25% of students took advantage of the credit offered by The Training Room. Now around 50% of The Training Room students are taking up the credit opportunity.
“The vast majority of our students are under the age of 25 and some are straight out of college or university,” says Paul Arnold, Head of the Loans Department at The Training Room.
“Understandably, many of these young people have limited funds. But they don’t necessarily want to get tied up in expensive loan schemes,” he continues. “Our student loan service is very fair, keenly priced and absolutely trustworthy and we make use of excellent industry technology such as Experian and Docusign.
“As well as agreeing competitive credit terms, we put a great deal of time into the personal negotiation and management of our offer to ensure students are comfortable with the loan and are able to pay it back under our terms,” continues Paul. “This gives students peace of mind that their finances are in good hands, their course is affordable and they will be able to pay us back at a very acceptable rate.”
For more information about The Training Room and its finance offering,
contact us now or call 0800 028 4162.