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How can I find a Guarantor?

Finding someone who will act as a Guarantor on your TFS Guarantor Loan isn’t always easy.

It is a requirement for all of our guarantor loans that someone acts as a guarantor, so we’ve put together some useful advice to help you find someone.

Anyone can be a Guarantor on our loan as long as they:

  • Know you and trust you to make the repayments (remember if you don’t make them, they will have to, so you need to be able to demonstrate to them how you intend to pay the loan back).
  • Haven’t had trouble paying their bills in the past (in other words they have a good credit status).
  • Own a home in the UK – this doesn’t have to be outright, a mortgaged property is fine. (This does not apply to our Tenant Guarantor Loans)

Who can I ask to be my Guarantor?

Most of our customers ask their close family members – a parent, grandparent, aunt, uncle or cousin are the most common types of Guarantors.
You can also ask friends, colleagues at work or even your landlord. You just need to find someone who fits the criteria we have outlined above. Remember that the Guarantor Loan will be in your name but it will be given on the strength of your Guarantor’s ability to pay it back if you cannot, so you need to make sure you ask someone who is in a position to do this.

We can’t accept spouses who are financially linked to you, as your Guarantor. In other words anyone who you have a joint bank account with we cannot accept as your Guarantor.
We can accept your partner as a guarantor, however they must not be living at the same registered address as yourself.

How do I approach them about being a Guarantor?

When you ask someone to be your Guarantor you need to be prepared to talk about why you need the loan, how you will use it and how you will pay it back. You should have a contingency plan in place if you are unable to pay the loan back, this will help to reassure them.

Let them know that you will keep them up to date with your financial state during the period of the loan. You should also give your prospective Guarantor information about who you are taking the loan out with, as this helps to reassure the Guarantor about the loan company and its intentions.

Where possible, it is a good idea to have a face to face meeting with your Guarantor. You can talk them through the loan and answer any questions they have. If this isn’t possible it’s definitely good to talk it through over the phone.

What will they have to do when I apply for a Guarantor loan?

As part of the application process the Guarantor will have to sign the loan documents and will go through the normal credit checks. They will be asked to provide evidence such as bank statements and proof of ID.

At TFS we always provide the Guarantor with the full details of the loan throughout the process including a copy of the credit agreement which illustrates the full breakdown of repayments.
We will require the guarantor to securely provide us with bank statements to help us assess their affordability to ensure they can afford the loan repayments in the event that you are unable to make them.

During the term of the loan they will also receive a copy of any notices sent to you.

To help you we have created a Guarantor Hub on our website which talks the Guarantor through who TFS Loans are, what a Guarantor loan isthe application processfrequently asked questions and more.

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

You and your Guarantor are also welcome to call us at any time (even before you’ve made an application) on 0203 476 4170

We ensure that the Guarantor is kept informed of the progress throughout loan application process. They receive a welcome letter once the loan is completed and are welcome to contact us at any time via our website, email or phone. In the event of you being unable to pay the loan we will always try our best to contact you first to resolve the issue.

We only come to your Guarantor as a last resort, when all other avenues have been exhausted.

If you are still struggling to find someone to be your Guarantor do ask yourself whether a Guarantor loan is for you and what your other options are.

We have produced some articles that you may find useful:

A complete guide to Guarantor loans
How can I find a Guarantor?
Who can be a Guarantor?
Questions when applying for a Guarantor Loan.

To Apply for a TFS Guarantor Loan
Apply Online
To visit the Guarantor Hub
Visit 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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