TFS Loans are a guarantor loan company specialising in lending to people who have been refused credit in the past.
Loans displayed have term lengths between minimum 6 months and maximum 5 years and maximum 48.9% APR.
Warning: Late repayments can cause you serious money problems. For more information see our debt help guides.
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TFS Loans is a trading name for online guarantor loans from the parent company the Finance Store Ltd, the TFS loans website was created in 2010, but the company was founded in 2003.
They provide an alternative to payday loans with more affordable interest rates for those with bad credit. If you meet all your repayments you can improve your credit score with TFS Loans and apply for ordinary loans without a guarantor in the future.
To qualify for a loan from TFS you do need a regular monthly income but they are flexible other whether you are employed, self-employed, receiving a pension or benefits payments. Early repayments are allowed
You also need a guarantor who is a second person in the agreement who consents to meet the monthly repayments if the borrower finds themselves unable to. Your guarantor needs to be a UK Homeowner, between 18 to 75 and have a regular income.
A loan from TFS also be used for most purposes: debt consolidation, making home improvements or buying a car.