TFS Guarantor Loans - TFS Logo

39.9% on loans from £3,000 to £10,000, until 31st May 2018.

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39.9% APR Representative.

Bad Credit Car Finance

When you’ve got your eye on a new car but don’t have the cash to match, it can be disheartening. Whether you’re replacing your old banger or buying your first, sometimes your finances may put up a road block to stop you making that purchase. Whilst you could finance a car or take out a loan from loan providers or banks, your bad credit affects your chances of securing a loan. Payday companies charge you the world, with high APRs and you find yourself wondering what other options there are. There’s always one more… a loan from TFS.

When you don’t have the credit score you need for a loan, TFS are here to support your purchase. Whilst other companies operate on checking your credit score before they grant you a loan, we don’t. TFS operate on a trust based lending system. So, the car you want, could be within your reach.

Bad Credit isn’t Bad News


Sometimes, bad credit is unavoidable. If you’ve simply never built a credit profile or just missed repayments on debts or other loans, bad credit can affect your chances of securing a loan from lenders, car dealers and banks. Whilst poor credit limits your options, there is a way. If you’ve wondered how you can finance a car with bad credit, a guarantor loan may be the ideal path for your purchase. Guarantor loans are a more sensible and affordable way to make those instant purchases, with affordable repayments. To see if the car of your dreams is in your grasp, use our loan calculator below to see how much you could borrow, with a guarantor loan.

You're applying to borrow £4,500.00 over 48 months. Repaying £172.88 per month. Total repayable £8,298.24. APR 39.9% Representative Fixed

How to secure a loan for bad credit car finance?


Despite your bad credit, here at TFS Loans, we don’t judge you on your score. We grant our loans based on trusted lending, through guarantor loans. How a guarantor loan works is by ensuring that you, the borrower, have someone who can cover costs. Then they, as the guarantor, will cover the monthly costs for you, should you be unable to make any repayments on the loan. It’s that straightforward.

No credit score required. After you have found yourself a guarantor, and you’re both approved and accepted, we will pass the funds on for your car finance as quickly as we can. So even with bad credit, you can finance the car you’ve always wanted, in an affordable and fast way.

Why Guarantor Loans are the way to go for bad credit, car finance seekers


With affordable rates on repayments, unlike payday loans, and lending based on trust, not credit scores, a TFS guarantor loan is a faster and simpler way to finance your new car. Once your application is approved, and your guarantor has been contacted and approved as well, we could transfer the funds within 24 hours of applying.

You will not incur any hidden fees or extra charges when taking out your loan, so there is no need to pay a deposit. Simply, just find a guarantor to co-sign with you, and the loan can be yours in a short matter of time. Whilst we don’t take bad credit into consideration, paying off a guarantor loan will improve your credit rating, with each repayment you make.

TFS Loans are here to help you with car finance, even with bad credit. For more information on Guarantor Loans, visit our FAQs page. To see what you could borrow for car finance, use our loan calculator to find out the amount you could receive and get your application started.