Warning: Late repayment can causes you serious money problems. For help go to moneyadviceservice.org.uk

Online Loans

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How much do you need?

Representative 305.9% APR. Representative Example: Loan Amount - £400 | Borrowed for 90 days.
Total amount repayable is £561.92 in 3 monthly installments of £187.31.
Interest charged is £161.92, interest rate 161.9% pa (variable)

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.

What you need to know about Door to Door Loans

Do you know how door to door to door loans works? If you’re wondering if whether they are indeed a hassle-free way to secure funding and what the available borrowing amounts are, then this blog should help. This blog will explain how the loan works and also on what you need to do if you find it difficult to repay the amount that you borrowed.

Borrow only from a legit lender

There are numerous ways to secure the funding that you need and door to door loans, also called doorstep loans and home credit, are one of them. The loan works exactly as its name suggests. A person, known as an agent, will, in fact, visit your home with your money. The same person will also return to your home every week to collect the repayments of your loan.

Most lenders operating in the market are regulated and currently, the biggest and the best name in the country is Provident Financial. But there are also those that operating beyond the parameters of law known as loan sharks and they operate door to door as well. That’s why it’s very important that you deal only with legit lenders to avoid falling prey to exploitative loan deals. A simple way to ensure that the lender is legit is by asking proof if they are authorised by the Financial Conduct Authority. If the person on the door can’t provide any proof, they never give in to their offer no matter how attractive they may seem.

Why do people get door to door loans

There are numerous reasons why a lot of people in the UK are taking out the loan. One of them is that you can get approved even with you have a poor credit rating. There are even door to door loan lenders that are willing to give you short-term funding if you have a County Court Judgment (CCJ), are self-employed, unemployed or have been refused of a loan elsewhere. This means that doorstep loans can cater those borrowers who find it difficult to secure funding from mainstream lenders. Also, if you apply for the loan, an agent will visit your home and evaluate your income, outgoing, and other financial commitments to determine the loan deal that is suited to your present circumstances. This face to face transaction and personal service is also an appealing feature to many borrowers.

Other things to consider

There are no penalties for late payments when it comes to door to door loans. If you miss out on your repayments, the lender will normally ask you to keep up with them. If you continue to miss out on your repayments, the collection of your debt can be forwarded to the head office of the company. And just like you would with any other kind of loan, you should shop around to find the best deals on the market. There are plenty of independent comparison sites on the internet today that will show you the different offers from legit lenders. Asking around and reading review sites will also help you in your search for the best lender.