guarantor loans

Guarantor lender enters administration

14th February 2022 Alternative Consumer Lending | #business insolvency #guarantor loans

High-cost lender TFS Loans has collapsed into administration following claims of ‘unaffordable lending.’ The company was a guarantor lender, requiring a family member or friend to cover repayments if the borrower couldn’t. TFS would lend between £3,000 and £15,000 on a one to five-year term basis at between 30% and 70% interest, with a representative…

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guarantor loans

Guarantor lender enters administration

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