TFS Loans

Allister Manson and Trevor Binyon of Opus Restructuring LLP were appointed Joint Administrators (the ‘Administrators’) of TFS Loans Limited (the ‘Company’ or ‘TFS’) on 8 February 2022.

For alternative loan options see below.

TFS Loans

Guarantor Loan

TFS is no longer lending new loans as it has gone into administration

TFS will continue to operate though will not be making any new loans.  They are working closely with the Financial Conduct Authority (‘FCA’) to ensure that customers are treated fairly and in line with FCA guidance whilst we continue collecting outstanding loan balances.

Have a bad credit rating and looking for a loan?



Allcreditloansnet Representative 49.9% APR

Representative Example: Borrow £3,250 over 36 months at a Representative Rate of 49.9% APR at an annual interest rate of 41.16% (fixed), you pay 36 instalments of £158.57. Total charge of credit is £2,464.57, total amount payable £5,714.67.

What does representative APR mean?

About TFS Loans

TFS has gone into Administration so will no longer be able to offer new loans, including existing customers.

They have noted that it is important that all existing customers continue to repay their loans in accordance with the terms of their agreements, as maintaining payments can have a positive impact on your credit score.

TFS Loans was one of the most established lenders in the guarantor market, and also had the largest loans available up to £15,000
which is significantly more than most of the other lenders. Their rates were also reasonable and they have loans available to both homeowners and tenants. If you have a poor credit rating, then the options to get larger loans are normally non-existent, but TFS have now made this a reality.

TFS also had a sister brand called SUCO; they offer exactly the same product, are owned by the same company and are administered by the same people. The only difference is the name.



Questions

Allister Manson and Trevor Binyon of Opus Restructuring LLP were appointed Joint Administrators (the ‘Administrators’) of TFS Loans Limited (the ‘Company’ or ‘TFS’) on 8 February 2022.

TFS will continue to operate, although it will not be making any new loans.

TFS specialised in ‘guarantor loans’, their previous loan* features:

  • Type: guarantor loan
  • Amount: £1,000 – £15,000
  • Term: 12 – 60 months
  • APR: 39.9% representative

As of writing, we have no information that will indicate that TFS Loans will start lending again.

No.

TFS is one of a number of lenders who are no longer on our panel for a variety of reasons, others include:

Doorstep Loans

  • Provident Personal Credit – the Provident business was closed on 31st December 2021 so is no longer lending.
  • Greenwood Personal Credit – never directly on our panel, Greenwood Personal Credit was acquired by Provident in 1977, and as above has closed and is no longer lending.
  • Shopacheck – never directly on our panel, Shopacheck was acquired by the Perpignon Group and merged with Morses Club in March 2015 (who are on our panel).

Guarantor Loans

  • Amigo – currently not lending.
  • Buddy – has gone into administration and is not lending.
  • FLM – the old name of Amigo Loans.

Company Info


Companies House Info


Company Name:  TFS Loans Limited

Co Reg No: 06542065

Website: buddyloans.com

Registered office address: 4th Floor Euston House, 24 Eversholt Street, London, NW1 1DB

FCA Registration


FCA Ref No: 724439

Firm Name: TFS Loans Limited

Principal Place of Business: C/O Allister Manson and Trevor Binyon, Opus Restructuring LLP, Euston House, 25 Eversholt Street, Euston, London, NW1 1DBN, UNITED KINGDOM

Data Protection Info


No Longer Registered


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