TFS Loans, part of the TFS Group, offers financial products for borrowers who may not qualify for loan products from traditional banks. The business strives to act as a responsible lender, and aims to make sure all terms are openly disclosed. A focus on transparency helps improve customer satisfaction while also meeting the requirements set by regulatory groups.
Providing options for borrowers with a poor credit history, TFS Loans provides guarantor loans with values up to £15,000. To apply, you must have a second person to act as the guarantor. The guarantor agrees to repay any instalments that the primary borrower misses, regardless of the reason. This helps keep interest rates lower than many payday loan options. There is no collateral associated with a TFS Loan, as all produce offerings are unsecured personal loans.
Borrower applications are considered individually, making each lending decision based on the entirety of the application, and not just credit scores. Affordability checks are a focus, as they ensure the borrower can reasonably be expected to meet repayment requirements. There are no upfront fees associated with acquiring a loan.
Borrowers can use funds for any purpose, including paying off other debts, such as payday loans. Approved borrowers can receive funds within 24 hours, allowing the money to be available for emergency situations as well.
- Website https://www.tfsloans.co.uk
- Address Broom House,
39 – 43 London Road,