A VIDEO GUIDE TO DOORSTEPS LOANS & HOME CREDIT | PROS & CONS OF HOME COLLECTED CASH LOANS скачать в хорошем качестве

A VIDEO GUIDE TO DOORSTEPS LOANS & HOME CREDIT | PROS & CONS OF HOME COLLECTED CASH LOANS

This guide goes into depth about how doorstep loans work and the UK lenders who offer home credit. What are the pros & cons? ------ ▶️ ON OUR WEBSITE & "MONEY MATTERS" BLOG Doorstep Loans: https://www.solution-loans.co.uk/door... Home Credit: https://www.solution-loans.co.uk/door... Doorstep Loans - Finance the old fashioned way: https://www.solution-loans.co.uk/blog... Why people will always need short term loans: https://www.solution-loans.co.uk/blog... ------ ▶️ SOCIAL Like us on Facebook:   / solutionloansuk   Follow us on Twitter:   / solutionloansuk   Follow us on LinkedIn:   / solution-loans   Website: https://www.solution-loans.co.uk/ Subscribe to our YouTube channel: https://bit.ly/solutionloansYT ------ ▶️ VIDEO TRANSCRIPT Doorstep lending or home credit is one of the oldest forms of consumer credit in the UK and is based upon personal contact between the borrower and one of the agent’s lenders. There are a number of companies that operate doorstep lending and most of them have teams of people who visit the homes of lenders to assess their personal circumstances and come up with tailored finance packages to suit the applicants needs. In most cases, potential borrowers do not have to have perfect credit records and may have been declined loans by High Street lenders. Some people prefer the personal contact that doorstep lending brings for a variety of reasons including lack of mobility and finding visits to banks or dealing with other finance companies intimidating. There are millions of people in the UK who have used or are continuing to use doorstep lending as a way to help manage their finances and bridge shortfalls in income. Applicants make online enquiries which are instantly assessed by the lender. When the lender believes that it can, in principle, be able to assist the applicant then it will make contact to arrange for one of its agents to visit his or her home. The home visit involves a more detailed assessment of the client’s needs, income and outgoings and, if successful, results in a tailored loan offer. Applicant and agent then agree the terms and the cash is often handed over there and then. Unlike other smaller loans, home credit usually involves repayment schedules that stretch from 14 weeks all the way up to a year. The repayments are fixed so that you can plan your finances and an agent will visit your home every week to collect them. In many cases, there are no late payment fees and the repayments are generally small and manageable. Mainstream credit and online processes are not for everyone. Many people prefer a personal touch and don’t want to have to visit a bank or spend time filling in forms online which can be confusing and intimidating. Doorstep lending agents are skilled at assessing a client’s needs and financial circumstances and provide a helping hand through the process and are usually able to hand over the loan to the applicant once he or she has been approved. This usually happens immediately. Doorstep loans are generally for sums between £100 and £1,000 with longer repayment schedules than other small loans including payday credit. Doorstep lending firms regularly report very high levels of customer satisfaction and some of them are among the oldest consumer finance companies in the UK with more than a century of trading. Although doorstep loans are usually made for relatively small sums, they do come with very high interest rates when compared with other forms of lending. It is not untypical for a doorstep loan to have an APR as high as 1,500 per cent. If you need a smaller sum – £200, for instance – and have a credit card, then you would pay much less in charges and interest borrowing on that even if it has a relatively high APR. If you are facing financial difficulties and are struggling to manage day to day, a doorstep lender may seem like an attractive option. But the golden rule with any form of credit is to only apply for what you can afford to repay and doorstep lending, although involving smaller sums, is no different. If you are struggling to repay bills, you should seek debt advice rather than adding to your financial burden. Any form of borrowing could add to your problems rather than solve them. ------ ▶️ ABOUT SOLUTION-LOANS.CO.UK Solution Loans is a leading UK online credit broker. We started in 2005 with the express mission of providing people with information and online tools to help them make smarter financial decisions. We're fully authorised and regulated by the Financial Conduct Authority (FCA). Our credit broking service is FREE to use; there are NO UPFRONT FEES. In most situations the deals you will get will be AS GOOD AS GOING DIRECT, although you should also have more choice than if you went direct.