Being a Guarantor on a TFS Loan allows someone close to you, who is struggling to get a loan from their high street bank or other online provider, to get a Guarantor Loan. If they’re unable to qualify for a loan or a credit card, it’s sometimes due to their credit rating. Often younger people who have no credit history, or people who have a poor credit history as a result of a past issue, may find it very difficult to get access to many forms of credit and a Guarantor Loan can be their only option.
TFS Loans are Guarantor Loan experts. Guarantor Loans are “what we do” and we were one of the first providers in the UK. We are also the only Guarantor Loan provider in the UK who loans up to £15,000. By offering guarantor loans, it means those who have no other financial lending options can obtain credit – when they need it most. Maybe, they’re saving for their wedding day or even need a new car. As a TFS guarantor loan is a personal loan, the borrower can use it for pretty much anything – as long as it’s legal.
infographic by: www.tfsloans.co.uk