Customer Services Contact TFS Loans0203 476 4170
Pay Online
News & Blogs

Questions When Applying For a Guarantor Loan

When applying for a Guarantor Loan there are a number of questions we know you will want answers to.

This week our Customer Call Centre Team Leader – Floyd, has answered the most common questions he and his team get asked:

Why do you have an age restriction on the guarantor when my guarantor is still in full time employment but over 75?

This is a condition with our funders. We have to put an age restriction of 75 on all our TFS Guarantor Loans.

Why do companies only accept certain benefit incomes and not others such as Job Seekers Allowance?

At TFS Loans we don’t take Job Seekers Allowance (or ESA) into account when working out how affordable a loan is for one of our customers. Job Seekers Allowance is given by the Government to fund basic living such as food and accommodation, so it is not appropriate to include this when considering whether to give a Guarantor Loan.

Why do you do so many checks like credit searching and income checks?

We do these checks to prevent fraud against our customers and their Guarantors. We also want to ensure there is no pressure on either party to take out a Guarantor Loan and to make sure the loan is affordable for the customer. We don’t want our customers to take out a loan they can’t afford to pay back. We need to ensure the application is truthful as this gives our customers the best possible outcome.

Why is the interest on a Guarantor Loan so high, compared to a high street lender?

This is to do with the risk we are taking on. High street lenders won’t take on people with poor credit history or no credit history. We will lend to people who have had credit issues in the past because we are more trusting, but we have to charge a higher interest rate to offset the risk. Our rates are significantly lower than other lenders because of the Guarantor.  

If you have any other questions please give us a call on 0203 476 6438 or visit the Frequently Asked Questions on our website.

We offer Guarantor Loans for a range of purposes including Guarantor Loans for large purchases like cars, home improvements, weddings and other events, debt consolidation and for start-up/small businesses.

To apply for a Guarantor Loan from £1,000 – £15,000 visit:

Representative APR 44.9%, subject to status.

Apply for a TFS Guarantor Loan using the button below:
Apply Online
Call 0203 476 4170

44.9% APR Representative

Blog Categories
Recent Posts
Blog Archive
Stay Connected



Loans are subject to status and affordability. *Consolidating debts may increase the term and the total amount payable.

Before entering into any credit agreement please make sure you can afford the monthly repayments, we recommend that you seek independent advice if you are unsure of any of the terms of our agreement. There may be other taxes or costs, not paid through us or charged by us, that you have to pay in connection with the agreement.

Late repayments can cause you serious money problems. For help go to

Copyright © 2022 by TFS Loans. All Rights Reserved – Company Registered in England No. 6542065.