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What does being a Guarantor mean?

Being a Guarantor on a TFS Loan allows someone close to you, who is struggling to get a loan from their high street bank or other online provider, to get a Guarantor Loan. If they’re unable to qualify for a loan or a credit card, it’s sometimes due to their credit rating. Often younger people who have no credit history, or people who have a poor credit history as a result of a past issue, may find it very difficult to get access to many forms of credit and a Guarantor Loan can be their only option.

What we do

TFS Loans are Guarantor Loan experts. Guarantor Loans are “what we do” and we were one of the first providers in the UK. We are also one of the few Guarantor Loan providers in the UK who offer loans up to £15,000. By offering guarantor loans, it means those who have no other financial lending options can obtain credit – when they need it most. Maybe, they’re saving for their wedding day or even need a new car. As a TFS guarantor loan is a personal loan, the borrower can use it for pretty much anything – as long as it’s legal.

Your Responsibility

As a guarantor for a loan, you’ll be signing to agree that should the borrower be unable to make any repayments on the loan, you will cover the cost for them. TFS will only contact the borrower’s guarantor if the Borrower is unable to meet the monthly repayment on their loan. You can be a guarantor for anyone, a friend or family member, a colleague or even a tenant. As long as you trust the borrower to make repayments on the loan and are happy to cover the cost if they miss any payments, then you could give someone a much-needed hand. Being someone’s guarantor is not something that should be taken lightly, you should consider a few things before deciding to become someone’s guarantor. We have a whole section on who can be a guarantor on one of our Guarantor Hub subpages.

Want to become a guarantor?

If you decide to be a Guarantor for someone applying for a TFS Guarantor Loan, you should ask yourself a number of questions related to why they need the loan, what they will use it for, what their ability is for paying it back and whether you are able to pay it back if they cannot? We have created an infographic to help your decision-making process. If you have any other questions don’t hesitate to call us on 0203 476 4170 or visit the Frequently Asked Questions page for Guarantors on our website.

Return to main Guarantor Hub

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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