If you currently have a loan with us and have been affected financially by the COVID-19 pandemic, please click here for ways in which we may be able to work with you during these difficult times.
For those with a poor credit score, finding an affordable loan feels impossible. Wouldn’t it be ideal to borrow money based on the relationships you have, instead of your previous credit history.
If you’ve got a less than desirable credit score and you’re looking for a loan, TFS Loans may have just what you need. At TFS, we are a guarantor Lender – meaning we offer guarantor loans – for those with bad credit or no credit history. With a guarantor loan from TFS, you could secure up to £15,000, with the option to spread repayment over a longer period than other lending companies offer. Guarantor loans are a more affordable way of borrowing money, especially if you have poor credit. 44.9% APR Representative.
A guarantor loan works on trust based lending and is an unsecure loan, meaning you don’t have to put your property up as collateral against the loan. Essentially, you don’t need to be a UK homeowner to secure a loan. We only ask that you provide a guarantor with your application, someone who is willing to co-sign the documents for the loan with you and is willing to cover any repayments on the loan that are missed by you, the borrower.
Your guarantor can be a friend or family member, as long as they have good credit. For our Homeowner Guarantor Loans, your guarantor needs to be a UK homeowner. If they are a Tenant, you may be eligible for one of our Tenant Guarantor Loans.
As long as your guarantor does not have bad credit and can afford the payments, they can support your loan application.
The best guarantor loans have low APRs and offer a range of terms to suit you. Having a guarantor ensures that payments are made should you, as the borrower, be unable to make them.
A guarantor loan from TFS has no hidden charges or set up fees. With a quick approval and the option to repay your loan early, a loan from TFS is a smarter and more sensible way to borrow money.
Use our loan calculator to see how much you could borrow.
Visit our FAQs pages for any questions you may have about Guarantor Loans.Get Answers
Nothing but friendly helpful service from start to finish with my loan application. Everything has been sorted within 24 hours with exceptional customer service provided! I will definitely recommend TFS to my friends.
15th February 2019
Fast process and the staff were wonderful. Great professional people, definitely recommend TFS. Thank you!
3rd July 2017
Excellent communication from well trained staff who explained everything from start to finish. I had the pleasure of dealing with Sally who was lovely. Well done!
16th June 2017
Great Service, kept me well informed every step of the way. Extremely efficient.
1st June 2017
A very efficient well mannered group. As a guarantor you answered all the questions I asked and time was of no problem - thank you for looking after my daughter.
28th February 2017
All customer service personnel were really polite and extremely helpful. I would definitely recommend the company to others. I would definitely use the service again if needed in the future.
10th October 2016
I would definitely recommend TFS loans and would use them myself again. Everything thoroughly explained in detail!
25th July 2017
I felt that the process from start to finish was smooth and quick. My application was dealt with, with ease and I look forward to being able to use this loan for a good cause
16th September 2017
Highly recommend TFS Loans very friendly and people person advisors. Very helpful very quick decisions I have had 2 loans with them now
1st October 2018
Very helpful friendly staff. Good rates. Would recommend TFS Loans .
Anthony Denis Millington
8th October 2018
Very good service and explained everything that was going on. Highly recommend TFS for a loan.
13th November 2018
Very thorough and informative.
3rd December 2018
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