Since 2003, TFS Group has been providing UK borrowers with consumer finance products. TFS Group offers guarantor loans and caters to clients who may have recently been turned down by high street banks. By providing unsecured personal loans, TFS comes to the assistance of consumers who may be dealing with unexpected financial hardships for a wide variety of reasons including illness, reduced hours at work, appliance or vehicle malfunction, and more. TFS Group is headquartered in Haleigh, Essex and regulated by the Financial Conduct Authority.
APPLICATION REQUIREMENTS:
To apply for a TFS loan, borrowers need to be employed UK citizens with UK bank accounts. They also need to have a guarantor or individual who is willing to sign for the loan and be responsible for repaying it off if they are unable. Guarantors must be employed UK homeowners between the ages of 18 and 78. Guarantors need to go through an affordability assessment before the loan can be approved.
LOAN AMOUNT AND CHARGES:
Loans amounts given by TFS can be as little as £1,000 and as much as £12,000. The APR on a TFS loan will depend on a variety of factors including how much is borrowed. These guarantor loans have a representative fixed APR of 39.9%. As an example, a loan of £6,500 taken out over a period of 48 months will be paid off in 48 monthly payments of £249.71. Over the life of this loan, the borrower would pay back a total of £11,986.08. This loan would have an APR of 39.9%.
PROCESS:
Borrowers need to fill out an online application to apply for a TFS guarantor loan. They’ll need to provide information regarding their address, employment status, and bank account. They’ll also need to provide information regarding their guarantor, including the guarantor’s address and employment status. After submitting the application, the borrower waits for a response and a loan offer. If he or she decides to accept any loan offer received, loan funds will be deposited into his or her account in as little as 24 hours.
PAYMENT:
Borrowers will pay back the same amount each month over the life of the loan. They don’t need to pay any upfront fees. They can make payments online, and these payments can be automatically charged to their debit accounts. If desired, borrowers can pay off their loans early to reduce their interest charges.
UK (Rayleigh, Essex) based business - established in 2003 - providing guarantor loans. Website includes details of services provided, testimonials, details of awards won, blog, FAQs, full contact details including company registration number. Company is regulated by the Financial Conduct Authority.
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Company established in 2003
Company is regulated by the Financial Conduct Authority.
https://www.tfsloans.co.uk/
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Average score of 2 from 5 reviews 
