Why People Choose Us
You might be surprised to hear just how easy it is to apply for a short term or personal loan. Furthermore, you don’t even have to leave your chair to apply for it. Instead, you just simply fill out our very short form and if you are accepted by a lender you’ll get your loan by the next day.
Enjoying Cash Loans at Your Door
Door step loans, home credit loans, or home credit, are often the names that will pop out if you are looking for cash loans at your door. With these loans, the lender will be the one to personally collect the repayment at your home. Depending on the lender, these credit options are typically paid back after a few months or longer. So if you are looking for a convenient loan that will save you a lot of time and energy to take out and repay, these cash loans are worth considering.
Make a Request From Your Lender
Doorstep loan lenders usually send agents to visit an applicant’s home upon his or her request. Lenders cannot simply go on knocking door to door lending money – you have to clearly sign and make a request before they send in one of their agents. These loans are typically offered in small amounts, usually not more than £1,000, although it is possible to avail for more with some lenders. Once you have made your request and passed all the lender’s credit requirements, the lender’s agent will then deliver the money right at your doorstep and return weekly to collect repayments.
Cash Loans that are Easy to Avail
Normally, doorstep loan lenders won’t run credit checks in borrower applications making it very easy for you to take out a loan from them. And whether you are unemployed or disabled, you can still avail for credit as long as you are financially capable to make the proper repayments. You can explain your financial situation with your agent to come up with a credit option and payment scheme that can work for you. Because the loan is relatively easy to obtain, however, it is quite pricey compared to other traditional forms offered by banks and mainstream financing companies. Thus, if you’re looking to obtain a loan to cover up an existing debt, doorstep loans may not be the solution you are looking for.
No Credit Checks and Bank Accounts Needed
Aside from none-existent credit checks, there is also very minimal paperwork involved making it very easy for you to get the money that you availed for. After a day or two, the agent will deliver the cash to your door and make weekly payments afterwards. This convenient system will allow you to get the money that you need without the need for bank transfers. So if you are looking for a quick and easy loan and you don’t have the perfect credit score and a bank account to become eligible for traditional financing, then door step loans are credit alternatives worth considering.
What Happens if You Miss Your Payments
The good thing about these loans is that there are normally no penalties involved in the event of missed payments. The high interest rates, however, will mean that the amount you will need to payback will become even higher since the interest rate will be carried over to the next payment. That is why it is very important that you discuss your situation with your agent so you can come up with a payment scheme that would be financially comfortable for you to commit on. Also, if you think that you will not be able repay on time, make sure that you let your agent know in advance. This way, you may be able to come with a common understanding and work on a new repayment schedule that you can stick to.
Also, doorstep loans are unsecured loans which means there is no need to provide an asset like your home or your automobile as a form of collateral to secure the loan. Thus, if you miss out on your payments, you will basically lose nothing. Just remember though, that the interest rates can pile up pretty quickly specially if you continue to miss out on your repayments.
No it’s Not a Type of Loan Sharking
Payments from doorstep loans and loans sharks are both collected from your home but there is a clear distinction between the two. Simply put, loan sharks operate illegally while doorstep loan lenders have the proper authorisation from the Financial Conduct Authority (FCA). With doorstep loans, you will enjoy certain rights and consumer protection. Loans sharks, on the other hand, offer credit that come in absurdly high interest rates and are known to threaten customers who fail to make their payments. Thus it is vital that you always check an agent’s identification and ask for a license from the FCA. If he can’t provide any proof of identity or license, then you may want to avoid dealing with the person.