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FAQs for Guarantors

Why are the funds paid into my account and not the borrower’s?

The funds are paid into your account, as part of our security process at TFS Loans. This ensures that you, as the guarantor, are fully aware that the loan payment has been made. You are then free to transfer the funds into the borrowers account.

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 www.moneyadviceservice.org.uk

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