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Guarantor Loans FAQs (Guarantor)

Guarantor Loans FAQ Guarantor Loans FAQs (Guarantor) Do I have to set up a Direct Debit?

Do I have to set up a Direct Debit?

No. We at TFS Loans, collect the monthly direct debit from the borrower. The guarantor loan is paid into your account, but the repayments are collected from the borrower on a monthly basis as per the agreed repayment amount. We only require your bank details to verify and transfer the loan proceeds into your account.

More questions for Guarantor Loans FAQs (Guarantor)
Do you check my income and affordability?Can I be a Guarantor for more than one person?Can a Guarantor be retired?Can I stop being a Guarantor?What would happen if neither the Borrower nor myself could pay?What would happen if the borrower went bankrupt, entered into a Debt Management Plan (DMP), an IVA or passed away?What are my responsibilities as a Guarantor? See all Guarantor Loans FAQs (Guarantor)

 

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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