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How Can I Find a Guarantor?

by Steve Lee / August 16th, 2017

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 every TFS Loan that someone acts as a Guarantor, so we’ve put together some useful advice to help you find someone.


Anyone aged from 18 – 78 can be a Guarantor on a TFS Guarantor Loan as long as they:


  1. 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).
  2. Haven’t had trouble paying their bills in the past (in other words they have a good credit history).
  3. Own a home in the UK – this doesn’t have to be outright, a mortgaged property is fine.



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.

It is worth drawing up a shortlist of people who could be your Guarantor. Be realistic. If people in your close circle don’t have great credit histories, look further afield.

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.

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 is, the application process, frequently asked questions and more. There are a range of videos and infographics as well to make the process as understandable as possible. You and your Guarantor are also welcome to call us at any time (even before you’ve made an application) on 0203 476 6438.

We ensure that the Guarantor is kept informed of the loan progress throughout the term of the loan. They receive annual statements, welcome and loan completion letters and can contact us at any time via our website, email or phone.

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.


TFS Loans are specialist Guarantor Loan lenders. We offer Guarantor Loans from £1,000 – £15,000 for a range of purposes including large purchases like cars, home improvements, weddings and other events, debt consolidation and for start-up/small businesses.


To Apply for a TFS Guarantor Loan please click below:

Apply now

Our representative APR is 48.9%


To visit the Guarantor Hub, please click here



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