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Bad Credit Loans

At times, through no fault of your own, you could find yourself in a difficult financial position, it happens to all of us. What’s worse is, when you need a loan but you have bad credit and can’t secure one from banks or other credit providers. When you seek out a loan, you find that you’re judged on your previous credit history, whether that be because you’ve never borrowed money or you have struggled making payments on other debt or loans in the past.

Loan providers automated systems will deem that you’re not fit to take out a loan with them. So, what now? What can be done if you’ve been rejected due to bad credit? If you find yourself asking these questions and you have a poor credit score, TFS Loans are here to help. Here at TFS, we can provide bad credit loans to those with poor credit.

So, what is a bad credit loan?

Simply, a bad credit loan is for those who cannot borrow money due to poor credit. It is suitable for those that don’t wish to pay the high charges of payday loan companies and when you’re unable to secure a loan due to bad credit.

You can use this bad credit loan for almost anything, from financing that car you need, consolidating any other outstanding debts you may have or even funding your ideal wedding, the loan is yours to use as you see fit, for anything that comes your way.

Why would I have bad credit?

There are many factors in life that can lead to poor credit, whether it be missing repayments on alternate loans or debt repayments, becoming bankrupt or simply never having built a credit profile by owning a credit card or taking out a loan. All of these can affect your credit score. Many lending companies will see those without a sufficient credit history as a risk, as you are not deemed a ‘trust-worthy borrower’. TFS operates on a trust basis for our loans, not on a bad credit score.

How do I know if I have bad credit?

What a credit score does for loan companies/banks, is tell them simply if you’re going to a suitable option to grant a loan to. Through analysing your previous credit history, it can be determined whether or not you are likely to be an ideal borrower, making repayments on loans provided by lenders. However, most lenders have different ways of deciding approval for a loan, some may grant those with bad credit a loan, while other companies may not.

Can I secure a loan with bad credit?

The short answer is yes. Here at TFS Loans, we lend money via guarantor loans. Essentially, a guarantor loan does not take a decision based on your credit history. We operate on the basis that if you have someone who trusts you to make repayments, we trust you too. If you have someone who can co-sign the paperwork with you as a guarantor, then you can secure yourself a loan. All your guarantor has to agree to is that should you fail to make repayments on the loan, they will cover the costs until you can resume payment, it’s that straightforward.

How do I improve a bad credit score?

There are many ways to improve your credit score, but one is taking out a guarantor loan when you have bad credit. By taking out a guarantor loan with bad credit, you can gradually improve your credit score over the duration of the loan repayment. Making monthly repayments on a bad credit loan improves your own credit, as long as you continue to make repayments. Paired with paying bills on a monthly basis, credit can be improved over time, making you a trust worthy borrower in the eyes of credit providers.

Why not a payday loan?

A guarantor loan and a payday loan couldn’t be further apart. The only thing they have in common, is that they will provide a bad credit loan and that’s it. Payday loan companies charge significantly higher rates on their loans over shorter periods of time, making repayments difficult to keep up with. They are risky and costly. A guarantor loan is a more sensible, affordable option. Guarantor loans rely on someone who trusts you to make payments and ensure that should you be unable to cover the costs, your guarantor will cover them for you. In terms of bad credit loans, a guarantor loan is a much safer, sensible and less costly option for those with bad credit.

What other options are there for bad credit loans?

Whilst there are many options for those with bad credit to secure a loan, such as a payday loan, a guarantor loan is one of the most secure and ideal options. The way a guarantor loan operates is that it can provide a loan to someone with bad credit based solely on trust. Simply find yourself a guarantor, who agrees to make repayments on the loan should you be unable to and you could secure yourself a loan, just like that. TFS spread the repayments over a longer period than payday loan companies, making repayments affordable and an asset to improve your bad credit.

How much would you like to borrow?
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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.

Callum Pettitt

15th February 2019

Fast process and the staff were wonderful. Great professional people, definitely recommend TFS. Thank you!

Angela Talbott

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!

Karen Walpole

16th June 2017

Great Service, kept me well informed every step of the way. Extremely efficient.

Joanne Yeaman

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.

Anthony Dinsdale

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.

Debra Ramsay

10th October 2016

I would definitely recommend TFS loans and would use them myself again. Everything thoroughly explained in detail!

Simon Lewis

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

Charlene Foster

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

Amanda Taylor

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.

Jamie Rhodes

13th November 2018

Very thorough and informative.

Christine Lowe

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


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