The Funding Corporation Review |

The Funding Corporation

Last Update: April 16th, 2016

Address: International House, Kingsfield Court, Chester Business Park, Chester, CH4 9RF.
Branding: The Funding Corporation. AKA: TFC.
FCA Licence: 508129 and 546772.
From: The Funding Corporation Ltd.
Launched: 2001.
Memberships: SMMT.
Related: No companies.

Loan Details…
Available: Monday to Friday (9am/5pm).
Bad Credit Considered: Yes.
Manage: No Funding Corporation login at
Niche: Car.
Products: Hire purchase.
Sums: ?
Terms: 12 to 60 months.

The Pricing…
49.9% APR (estimated)

Notes: Holds 2 separate credit licence accounts with (1) being 508129 and (2) being 546772. Minimum applicant age of 21 assumed. This service is not available direct and so you must head through a partner. We don’t hold enough info on this lender and so we haven’t composed a complete profile.

Additional Info…
Due to limited service data, this runs as an incomplete profile and so we’ll just provide the background information that we do know. The Funding Corporation was formed in 2001 by former senior directors from the Bank of Scotland. TFC as they are commonly known as employed 200 staff, although this figure would likely sit closer to 100 based on the closure of 2 companies within the group. Within 2 years of launching they acquired ACF Car Finance who notably had several nationwide outlets. Cygnet Financial Services was also acquired. Both ACF and Cygnet have now been closed down and so they are now lending through the central company only.

TFC took the decision to focus their efforts on building relationships with new partners, hence removing their own retail network that we’d assume was losing money to subprime lenders making online gains noting Moneybarn. Moving forward, they launched a new bad credit hire purchase product initially tested in the North West that was later rolled out nationwide. As well as dealerships, they have been seeking to build connections with brokers. Some estimates have been added above based on the characteristics of ACF. This includes the past rate (49.9%), SMMT membership and the minimum age of 21. ACF’s previous bill of sale contract would likely have been scrapped, making way for just the HP plan.