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Guarantor Loans FAQs (Borrower)

Guarantor Loans FAQ Guarantor Loans FAQs (Borrower) Is bad credit a problem?

Is bad credit a problem?

We base our lending decisions on your current credit status and affordability.

We do look at your credit history but we do not automatically decline applicants if they have had CCJ’s, defaults or missed payments in the past.

We make a fair assessment on your current status and we ask that you are able to demonstrate that you can afford the proposed monthly payments and you have a guarantor that trusts you an can do the same. In the event that you fail to make a repayment, then your guarantor will have to make them for you. 

More questions for Guarantor Loans FAQs (Borrower)
Do you check my income and affordability?Can I take a payment break?What is the cooling off period?Does my Guarantor need to live in the UK?Can I live at the same address as my Guarantor?How old do I need to be to apply for a Guarantor loan?What is APR? See all Guarantor Loans FAQs (Borrower)

 

Registered Address

Broom House, 39 – 43 London Road, Hadleigh, Essex, SS7 2QL, Company Registered in England No. 6542065.

TFS Loans Ltd is authorised and regulated by the Financial Conduct Authority. 724439

 

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 www.moneyadviceservice.org.uk

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