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A well-established lender in the guarantor loans market. As well as offering reasonable interest rates and loans to both homeowners and tenants TFS also offer the largest loan available of £15,000.
While not everyone will be eligible for such a large sum it does give those with a bad credit history the chance to access more funds than they would usually have the opportunity to.
You might think that the criteria to be a guarantor would be much stricter with such a large loan but it is actually very straightforward. They must simply be:
A UK homeowner
Aged between 18 and 75
In receipt of a regular income
Obviously you as the borrower will need to be able to demonstrate that you can afford the repayments on the loan, especially if you are planning to apply to borrow the maximum £15,000 but otherwise the process should be fairly straightforward.
Online reviews are combined between SUCO and TFS but remember they are the same company with the same products, the same terms & conditions and the same employees, they simply have two names. See below for a selection of their more recent reviews.
Guarantor loans available up to £15,000
You don't need to have a good credit history
Fast payout upon approval
Must be able to demonstrate a regular income
Must be a UK homeowner to be eligible for loans of £8,000+
Your guarantor must be a UK homeowner
Your guarantor must be aged between 18 and 78 years old
Your guarantor must have a regular income
Maximum APR 69.9%
Arrangement fee: £0
Early repayment fee: £0
Late payment fee: £0
Top 3 loans by score, reviews and cost
Compilation of SUCO's online reviews
4.3 out of 5 from 90 online reviews
SUCO 90 reviews online, on Reviewcentre
- 90 reviews
- Excellent - 56
- Great - 21
- Average - 3
- Poor - 5
- Bad - 5
We have compiled below a selection of these reviews, both good and bad.
I feel really good about this I would Tell everyone
Excellent applicationKiana Malloy
Helped me out when I was struggling2017-11-30
Great help and fantastic service I was really struggling .now I can get myself straight thanks
Simple to use2017-07-27
The website was easy to use and the agent I spoke to was very understanding
simple and straight forward site2017-07-10
simple and straight forward site, i would recomment it to my friends for future
Easy and paid out2017-03-31
Found them on the interweb, I applied and within 2 days the loan was paid into my Dads bank account.
Vary helpful thankyoupippipwat
Vary helpful thankyou
Well done suco2017-01-20
Easy to use and so well explained website. No baffling jargon just plain simple steps and upfront details
Loan has been added to my account2017-01-02
I would recommend SUCO loans to my friends, I applied in Christmas Eve and the money arrived in my account in the 28th of December. It really help with New Year's Eve and will make Jam a little easier to manage
Good and valuable service2016-10-22
thanks for the help and assitance. I am very delited to recommend to a friend or a relative
I have asked for a loan not long ago and I had loads of help with every think the staff are so polite and I would recommend you to my friends and family
Easy to understand2016-08-13
Easy to understand what to expect from the loan no complications with the form would recommend
Easiest application i’ve sen2016-08-07
application easy to complete. Fast response. Just waiting on the phone cal
Customer service is great2016-07-28
Very please with the correspondence so far and the communication has been great!
plight, friendly, and to the point2016-07-15
your staff member was very plight respectful and to the point! just the way i like it
my overall rating of sucoloans are good.I will recommend to my friend
Good the sitr was very easy to use and very straight forward2016-06-14
Good the sitr was very easy to use and very straight forward
Tried to fill out the form 3 times via iPhone and iPad kept saying error please fill in recommend fields which I had done 3 times! Got so fed up I quit
Easy to use fantasticsite recommend to all of family and friends
easy site....but still waiting for phone call. amassing value of money ... i will recomand to my friend
Easy to follow and quick to fill out. No words or sentences that are hard to understand and not to long winded. Look forward to hearing from them soon
The Super service I was offered was nothing less that professional. My situation was difficult however the loan was paid to me very quickly
Fast and great customer service2016-02-12Suco were very quick to ring me after submitting my application. My first phone call was within a few minutes from entering my detail on their website. The staff where friendly. Couldnt have asked for a better service and had my money quickly. ...
Review of loan application2016-01-20
The process for applying was very straightforward, the email confirmations were helpful in keeping me up to date with my loan application
would definitely recommend2015-11-13
really easy form to fill in and doesn't take 5 minutes
My verdict of Suco Loans
By Jon Edward
Lender performance rating 66.5 out of 100
It can be a little confusing for customers as online reviews are combined between Suco and TFS but remember they are the same company with the same products, the same terms & conditions and the same employees, they simply have two names.
An excellent customer service record and no upfront fees or charges have seen Suco grow to become one of the UK’s most popular lenders and offering the ability to borrow up to £15,000, Suco allow borrowers to potentially access the largest guarantor loan currently available in the UK.
Suco offer loans from £1000 to £15,000, the following outlines some of the main features
- Bad Credit – accept CCJs, defaults and missed payments.
- Fees – no upfront or set up fees
- Rates – reasonable when compared to others in the market.
- Homeowner – guarantor must be a homeowner.
- Early repayment – you can be liable for 58 days interest
- Term –minimum term offered is 24 months which is much longer than some.
- Age – you must be at least 18 years old
- UK Resident – both the applicant and the guarantor must be UK residents.
- Bank Accounts – both the applicant and the guarantor need UK bank accounts.
The following is representative example of a loan from SUCO:
- 48 Monthly Repayments, borrowing £2000
- Total Amount Payable: £4067,04
- 48.9% APR Representative
- Rate of Interest 25.84% Fixed Flat Rate
- Monthly Repayment: £84.73
Click here to see a definition of Representative APR, plus a list off the figures for ALL our lenders.
- Co Reg No 06542065
- Telephone 01268 740 751
- Address Broom House 39-43 London Road, Hadleigh, Benfleet, Essex, SS7 2QL
- FCA Ref No 633979
- Firm Name TFS Loans Limited
- Principal Place of Business Brook House 26 Brook Road Rayleigh Essex SS6 7X
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TFS LOANS LTD