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How can you find a Guarantor – Podcast

How can you find a Guarantor – Podcast

Our podcast answers the question of ‘how can you find a guarantor?’. When it comes to applying for a guarantor loan from TFS Loans, you’ll need a guarantor to support your application. Which means, you’ve got the task of finding them first. You may not even know where to begin. Which is why we’ve created a handy podcast to help you out. We’ve got all the essential information you need to help find yourself a guarantor for your loan. Listen to our podcast and start your search for your guarantor.

Video Transcription

When you apply for a TFS Guarantor Loan you will need someone to be your Guarantor. They can be anyone you know – usually, people ask parents, grandparents, aunts, uncles, friends and colleagues, but we’ve known people to ask their landlords and bosses. They need to be based in the UK, be aged between 18 and 75 and they need to have a good credit history. They also need to be a homeowner – this doesn’t mean they have to own their home outright, it can be mortgaged.

We don’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.

When you ask someone to be your Guarantor it’s important you give them the right information to base their decision on. You need to tell them why you need a loan, what you plan on using the loan for and why you need a Guarantor. You also need to demonstrate to them how you plan to pay the loan back – because if you can’t pay it back they would have to pay it back for you.

Let them know that the loan won’t appear on their credit record and will have no bearing on their own credit rating unless the loan defaults.

As part of the application process, the Guarantor will have to co-sign the credit agreement and will go through the normal credit checks. They may be asked to provide evidence such as bank statements and proof of ID. At TFS we always provide the Guarantor with a copy of the credit agreement, contract and tell them the loan term. They will also receive a copy of any notices sent to you during the term of the loan.

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.

We have a dedicated Guarantor Hub on our website with videos, infographics and questions and answer sections that you can show your Guarantor. We can also send you a pack by email or post to give to your Guarantor, this should help to answer any questions they have and reassure them about Guarantor loans and TFS. Simply give us a call on 0203 476 6438 or visit If they have any further questions they are welcome to call us at any time on 0203 476 6438 or email

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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.

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