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Doorstep loan companies offer cash loans to their customers. The payments are collected directly from you in your home, usually on a weekly basis. The interest rates for these types of loans are generally significantly higher than for other types of unsecured loans. The payments can be spread over a long period of time. The fact that someone comes to collect the money can seem convenient in the beginning. However, if you start to struggle, having to face the collection agent on a weekly basis can become a source of significant stress.
Thanks to the increased competition among lenders, people with bad credit can now get more favourable repayment terms. By ensuring all of the direct lenders we work with are fully certified with the FCA, we can guarantee that they will be completely honest with you regarding every aspect of your loan and that they follow all ethical lending practices.
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You will typically be able to get anything from Â£50 to Â£500 the first time you use doorstep loan companies, but you can then borrow up to Â£2,500 once you are an established customer. The main difference between doorstep loans and all other types of borrowing is that your repayments are collected at a regular time each week by an agent who comes to your home. These people operate all over the country and usually come from within your own local community.…
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