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Guarantor Loans FAQs (Guarantor)

Guarantor Loans FAQ Guarantor Loans FAQs (Guarantor) Why are the funds paid into my account and not the borrower’s?

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.

More questions for Guarantor Loans FAQs (Guarantor)
Do you check my income and affordability?Can I be a Guarantor for more than one person?Can a Guarantor be retired?Can I stop being a Guarantor?What would happen if neither the Borrower nor myself could pay?What would happen if the borrower went bankrupt, entered into a Debt Management Plan (DMP), an IVA or passed away?What are my responsibilities as a Guarantor? See all Guarantor Loans FAQs (Guarantor)

 

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Broom House, 39 – 43 London Road, Hadleigh, Essex, SS7 2QL, Company Registered in England No. 6542065.

TFS Loans Ltd is authorised and regulated by the Financial Conduct Authority. 724439

 

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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