Name of fee/Charge |
Description |
Amount |
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Charge(s) for issuing Court Proceedings |
Payable to the Court if we have to issue a claim against you or the Guarantor or both of you, to collect any money you owe us. These costs are variable depending on the amount you owe us and whether you reside in England or Wales, Scotland, or Northern Ireland. |
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Legal charge(s) – Attachment of Earnings |
Charged if we make an application for an attachment of earnings against you, the Guarantor or both of you to collect any money that you owe us This could be a fixed fee, an amount decided by the court or a combination of both. |
If you live in England or Wales: |
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Legal charge(s) – Charging Order |
Charged if we make an application for a charging order against your property, or your Guarantor’s property in respect of money that you owe us This could be a fixed fee, an amount decided by the court or a combination of both |
If you live in England or Wales: |
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Legal charge(s) – Land registry |
Charged for the registration with the Land Registry of an Interim Charging Order or Final Charging Order against your property or your Guarantor’s property. |
If you live in England or Wales: |
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Legal charge(s) – Warrant of Control |
Charged if we make an application for a Warrant of Control against you, the Guarantor or both of you to collect any money you owe us. |
If you live in England or Wales: |
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Legal charge(s) – Third Party Debt Order |
Charged if we make an application for a Third Party Debt Order against you, the Guarantor or both of you to collect any money you owe us. |
If you live in England or Wales: |
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Solicitors charge(s) |
Where it is necessary for us to instruct solicitors to act for us in respect of any legal action we have taken against you to collect any money that you owe, TFS Loans Ltd will request that the court make an order for payment of solicitors fees incurred as a result of the action taken. These costs are variable dependant on each situation; we will advise you of any claim for solicitors fees which we intend to make in respect of any court action against you. |
As awarded by the court. |
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Contractual interest |
May be claimed if we have to issue a court claim against you or the Guarantor or both of you, to collect any money you owe us and a County Court Judgment obtained. |
The amount of interest will depend on how much you owe. It will be calculated at a rate of 8% per year on the amount that you owe, either from the date of the judgment or the date that we advise you in writing that further interest will be applied to the account. |
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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