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FAQs for Guarantors

If the borrower stops making payments, do I have to clear the loan in full?

No. If the borrower ceases to make payments, we would ask you to cover the monthly amount until the borrower is able to resume repayment themselves. As the guarantor, you have agreed with TFS Loans to cover any missed payments of the borrower but not to clear the loan in full before its maturity unless you wish to.

It is important that when you agree to be a Guarantor on a TFS Loan, you have the means to cover the monthly loan repayments if the borrower cannot. For more information about being a Guarantor, visit our Guarantor Hub. We have also produced a useful article concerning questions you should ask yourself before you become a Guarantor – which includes the ability to make repayments on the borrower’s behalf.

For ways to make a payment please visit our ‘How to make payments’ page.

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

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