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Doorstep Loans or a Cash Loan

• Cash Loans or Doorstep Loans as they are sometimes referred to, are short term loans, usually for amounts between £50 - £500 that are delivered to your door and the repayments are collected in the same way.
• The interest rates for door to door loans or doorstep loans are higher than other kinds of loan due to the shorter repayment period and risk to the lenders.
• You would usually have your own payment book so you can effectively track your payments over the course of the loan.

Information about door to door loan companies and lenders

• With a cash or doorstep loan, the application process doesn't usually involve any complicated forms to be filled in.
• Even people with a less than perfect or bad credit history can obtain a cash loan. Cash loans are usually required when unexpected expenses arise.
• If you would like more information about how to obtain a cash loan then contact us today. Our friendly personal debt advisors are ready to take your call and they are here to help you with any questions you may have about doorstep loans or cash loans.

Cash loans are only offered based on the applicants current situation and their ability to meet the loan repayments.  You do not have to be a homeowner and each applicant is assessed on their own merits.

If you are trying to clear personal debts, be careful using a doorstep loan, they usually add to your debt problem, not solve it! 

Credit conditions for people at the bottom of the ladder are getting tighter! 

• It appears that home credit customers obtain the loans they need with repayment arrangements that suit them, but pay a high price for these.  Many of the people targeted by door to door lenders are on low incomes, sometimes with poor credit histories, and may have been refused credit by the mainstream High Street lenders. 

Consumers pay a "high price" for the convenience of home credit, according to the Competition Commission

• The commission said it found consumers were generally happy with home credit, whereby repayments on loans are collected from the customer's home.  The commission did note that there may be a lack of competition in the market. 

Most customers develop a special relationship with these doorstep lenders, making it difficult to break the rapport with collection agents

• The bulk of the home credit market is in the hands of four providers. The NCC has argued that this makes the market uncompetitive and allows high interest rates to be charged.  Provident Financial, which controls about half of the UK's home credit market, said the sector was "increasingly competitive". 

Doorstep lenders turning away business! - What do they know that everyone else doesn't?

Cattles, A leading Uk doorstep lender is right to be cautious about lending.  Consumers are facing rising costs, which always impacts on the people with the least money first and the news on that front isn't getting any better!  In other words, they're being more picky about who they lend to.  In fact, they're being so picky that they expect the amount of new loans they sell to actually fall.

British Gas owner Centrica warned that customers' energy bills were set to rise again in 2006, following a 15% hike in September 2005.  Where does that leave us for 2009 / 2010?  Centrica's shares rose because investors like the idea that the company will make its money back by passing its surging costs directly onto its customers.  However, it's not such a pleasant prospect for those facing yet another year of rising energy bills.

Meanwhile, accountancy group Grant Thornton predicted that nearly 20,000 people would go bankrupt in the first quarter of 2006.  That would have been the highest number since records began in 1960.  The group believed 6,500 of these would be as a direct result of spending too much over Christmas. In the first quarter of 2009, it has been estimated that 30,000 UK residents have become bankrupt.

• If you are or have been in the clutches of door step loan and lending agents or companies, please contact our FREE personal debt helpline now on   0800 018 6868   to discuss how to break free from these weekly collection arrangements you maybe subjected to.