Be it a bad credit history or an unplanned financial burden, doorstep loan is a handy source of additional borrowing for anyone who is reeling under credit issues. These very short cash loans are primarily used as gap loans by cash-strapped loan borrowers.
Whether you are residing in Manchester or Southampton, doorstep loans are readily available in the UK. However high APR% makes some question the practicality of availing a doorstep loan. Let’s find out why doorstep loans are preferred by people with bad credit score despite the high cost being attached to these home credit loans.
1. Guaranteed Approval - Doorstep loans are tailored according to individual credit requirements. Irrespective of credit situation, these loans are readily made available to the applicants. To locate a reliable broker all you need to do is fill a form on a registered broker’s website. As they received your credit specifications, they will share the available offers from several lenders. You can choose the one that best fits your requirements.
2. No credit check loans - Doorstep loans are literally door to door loans no credit check. When you contact a broker and select a doorstep company you could rest assured of loan approval. Any sort of credit check would not lead to loan rejection. In fact, the loan agent would use your history to make a repayment plan according to your affordability.
3. Processing Convenience - Doorstep loans are processed right from your home. You need not visit any lender searching for a deal. The loan agent would personally visit your home and inquire about your preferences. They would make a loan agreement based on mutually agreed interest rate and terms. The loan amount would be handed over to you right at your home. The same agent would visit you for loan collection.
4. Customised repayment plan - The loan agent discusses at length about your credit situation. You can choose repayment plan as per your ease. For those with severe financial troubles, delayed repayment plans are also available. The convenience of choosing the repayment plan is something that makes doorstep loans a preferred choice among people with bad history.
5. No need to disclose the purpose of a loan - Doorstep loans typically work like personal loans. You can use the loan amount for several cash lapses. The loan agent would not place a restriction on loan use. You can thus plan doorstep loans according to your needs.
6. Cash fulfilment without hurting report - With doorstep loans, a person struggling with cash shortages get timely loan help. It helps them save further deterioration of credit report as no credit check is raised for further loans. Besides easy instalments ensure timely repayments which boost the credit worth.
7. Not just a bad credit loan - There are least formalities attached with these loans. It imparts total convenience to people struggling with personal, social or medical issues, besides the financial lapses. So anyone who falls short of the adequate amount can resort to doorstep borrowing at any point in life.
2. No credit check loans - Doorstep loans are literally door to door loans no credit check. When you contact a broker and select a doorstep company you could rest assured of loan approval. Any sort of credit check would not lead to loan rejection. In fact, the loan agent would use your history to make a repayment plan according to your affordability.
3. Processing Convenience - Doorstep loans are processed right from your home. You need not visit any lender searching for a deal. The loan agent would personally visit your home and inquire about your preferences. They would make a loan agreement based on mutually agreed interest rate and terms. The loan amount would be handed over to you right at your home. The same agent would visit you for loan collection.
4. Customised repayment plan - The loan agent discusses at length about your credit situation. You can choose repayment plan as per your ease. For those with severe financial troubles, delayed repayment plans are also available. The convenience of choosing the repayment plan is something that makes doorstep loans a preferred choice among people with bad history.
5. No need to disclose the purpose of a loan - Doorstep loans typically work like personal loans. You can use the loan amount for several cash lapses. The loan agent would not place a restriction on loan use. You can thus plan doorstep loans according to your needs.
6. Cash fulfilment without hurting report - With doorstep loans, a person struggling with cash shortages get timely loan help. It helps them save further deterioration of credit report as no credit check is raised for further loans. Besides easy instalments ensure timely repayments which boost the credit worth.
7. Not just a bad credit loan - There are least formalities attached with these loans. It imparts total convenience to people struggling with personal, social or medical issues, besides the financial lapses. So anyone who falls short of the adequate amount can resort to doorstep borrowing at any point in life.
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