What can I use my Guarantor Loan for?
If you’ve got bad credit and need a loan, a guarantor loan may be ideal for you. Guarantor loans are personal unsecure loans, which means they can be used for pretty much anything – as long as it’s legal. Many people use their loan for car finance, weddings and even debt consolidation.
TFS Guarantor Loan Uses
- Car Finance – Many guarantor loan borrowers use their loan to finance a car. Be it new or used, TFS Loans offer loan amounts from £1,000 – £15,000 so a new car could be within your grasp.
- Debt Consolidation – If you’re struggling to juggle multiple debt repayments, you can use your loan to consolidate them into one manageable payment.
- Self-Employed Loans – Those looking to start up their own business, or simply finance the next step, can use a guarantor loan! You can finance your self-employed business providing you can provide proof of income.
- Wedding Loans – Weddings are no cheap thing. Many choose to use a guarantor loan to make their big day extra special.
Your Guarantor’s Criteria
All you need to apply for a loan is a guarantor who trusts you. They can be a friend or family member, but must be:
- Between the ages of 18-78
- A UK Homeowner
- Have a regular income
Guarantor loans are an ideal and fairer lending option for those with bad credit. Your loan is yours to use, as you see fit! 39.9% APR Representative
TFS Loans are specialist Guarantor Loan lenders. A Guarantor Loan is a form of loan that requires someone to act as the Borrower’s Guarantor. We offer Guarantor Loans from £1,000 to £15,000, over 1 to 5 years.