Doorstep Loans

Doorstep Loans To Your Door

Doorstep Loans

Doorstep Loans – Simple, straightforward cash loans to your door. Actual terms will vary from lender to lender but below is a general overview of what a doorstep loan is and how it works.

Doorstep Loans Explained.

Doorstep loans are small cash loans that are delivered to your door and the manageable repayments are collected weekly, also from your doorstep, by your own friendly, local agent. Also known as door step loans, door to door loans, home collected loans, home collected credit or just home credit, the doorstep loan enables you to borrow between £50 and £500 over a period of up to 12 months.

More details relating to personal loans can be found here.

Doorstep loans are generally aimed at the poor credit market and, as such, the lending criteria is more relaxed although interest rates may be high. Good or bad credit, arrears, defaults even CCJs or having loan applications already refused may not be a problem as the doorstep loans provider tends to focus on the future and ability to comfortably repay the loan moving forwards. They are unsecured and so are available to tenants and homeowners and you may not even need to be in full time employment.

Doorstep Loans Examples.

Doorstep loans are small cash loans that are delivered to your door and the manageable repayments are collected weekly, also from your door, by a local agent – cash loans with a human touch.

Also known as door step loans, door to door loans, home collected loans, home collected credit or just home credit, the doorstep loan enables you to borrow relatively small sums of money, typically between £50 and £500 or so, from a number of UK national and regional providers.

Repayments can be spread over a term to suit enabling you to repay weekly over a period of up to a year.

  

Doorstep Loans – How Much Can I Borrow.

There are many doorstep lenders out there who advertise different products but typically the maximum loan will be in the regions of £500. This maximum will of course be dependent on each situation and the individual’s ability to comfortably manage the loan.

Doorstep Loans – What Can I Use The Money For.

In short … anything you want. The doorstep loan is a personal loan and as such it is yours to spend as you wish or need. Perhaps the car needs repairing or you need a new TV, maybe you want that break away, a little help towards a major expense, a wedding or Christmas for example, or perhaps you just want a little help with the cash flow. Whatever you need the money for and how you spend a doorstep loans is totally up to you.

Doorstep Loans – Who Can Apply.

Anyone can apply for a doorstep loan and so if you think you have a poor credit rating or a bad credit history you are still welcome to apply. In fact, if you suffer from arrears, defaults, even CCJs you can still apply and if you only work part-time, are retired, on benefits you may still be considered.

As these small cash doorstep loans are unsecured you do not need to be a homeowner in order to apply, council tenant, private tenant, living with parents etc is normally fine. There are some doorstep lenders who offer a national service and others a regional, local service meaning that you can apply wherever you live in the UK.Each application is considered on merit and the applicant’s ability to repay the loan in the future and not on what may have happened in the past.

Doorstep Loans – How Much Will It Cost.

Your loan should always be quoted in advance – make sure you study it well and understand the full costs as, when they’re split down into weekly instalments they may look cheap but keep an eye on interest rates and overall cost of the doorstep loan as it could work out a costly way of borrowing.

The exact monthly repayment depends on how much you borrow and over how long you wish to repay the loan but repayments are normally fixed and often without hidden costs or nasty surprises. Make sure your agent explains everything and that you fully understand the costs.

Doorstep Loans – How Do I Repay.

The cost of a doorstep loan is divided up into regular weekly repayments and spread over the agreed term which is often subject to a maximum 12 months.

Your agent will call to you home each week to collect your repayments from your door

You will probably also have your own payment book to enable you to track your payments over the agreed period of your home credit loan.

Doorstep Loans – How Do I Apply.

Initial application is usually online or over the phone. There’s normally nothing too taxing at this stage – just enough questions to enable the lender to give an instant, in principal decision. If it’s a yes then a local agent will arrange to call round to discuss your loan application face to face and, if everything is agreed, fill in the paperwork with you. 

Once this is done then the agent will often call round and deliver your doorstep loan by hand. The whole process is fast – it should only take a couple of weeks from start to finish.

If a doorstep loan is not what you’re looking for then, don’t worry, we have plenty of other options – unsecured loans of between £250 and £100,000 for example: If you’re just looking for a little help short term then please visit our section on payday loans or, for larger amounts, our section on unsecured loans to your door.

For more information on doorstep loans visit the Doorstep Loans Info Pages

Doorstep Loans – More Info.

You will find even more information relating to Doorstep Loans Bad Credit at MoneyUnmuddled.co.uk