Doorstep Loan Companies - How to Find a Reputable Doorstep Lender
Doorstep loan companies offer a very useful service for people who live on a tight budget and need a little extra help now an again. However, it is important to take care over which companies you use for this type of lending. There are very few large and reputable doorstep loan companies because it is such a specialist area and on a national scale it requires a huge network of collection agents. This absence of large lenders has resulted in there being many small local operators who provide doorstep loans, and these unlicensed lenders, or loan sharks, are where the danger lies.
When people experience credit problems they are unable to get credit from the main high street lenders, and this is when people turn to unregulated lenders in desperation. These people lend money at sometimes truly extortionate rates of interest, with APR percentages well into the thousands, and even 150,000% not being unheard of. The other side of these interest rates with loan sharks is that failure to pay frequently results in bullying, intimidation and assault.
This is why it is vitally important to avoid the temptation to use unregulated loan sharks and instead use the services of reputable doorstep loan companies. The good news is that honest, legal and reputable companies do exist and the services they provide are transparent and straightforward. Rather than face intimidation and threats, you will deal with a friendly helpful agent who will get to know you and be able to offer advice on the size of loan that you can safely take on.
Even the most reputable doorstep loan companies will need to charge you a higher rate of interest than a standard high street lender, but this is a million miles from the rip-off prices of a loan shark, or even the huge APR on most payday loans over christmas presents, a doorstep loan is a far better option because you can pay if back in very small installments over a much longer period.
The most important thing to remember is to avoid small or individual doorstep lenders and stick to large and very well established companies that you know for sure you can trust to be up front and fair. You should look for recommendations on the doorstep loan companies with the best long term reputations.
Visit : Payday Loan Fast Approval -How Much do You Need!! Digital SLR Camera Black Friday
Apply for the 12 Month Payday Loans if you have been going through a rough financial term. These deals will not only offer you urgent cash help but also make your reimbursement period light and easy for you. Apply for the same right away.
ReplyDeletehttp://www.quick12monthpaydayloans.co.uk
Cash Loans @ http://www.onlinefastcashloans.co.uk/ choose your repayment date
ReplyDeleteIn order to acquire quick cash aid, you must first sign up online and the browse through the website of the money lender offering the Cash Loans These deals are easily available without any documentation process. The repayment of these deals is also light as you need to do it in easy monthly instalments. You need to choose the due date to reimburse the amount. Then each month you need to repay back with your pay cheques. The rate o interest charged will be low as compared to the other loan deals. Choose to apply for these deals right away and reimburse in your own accordance.
Fast Payday Loans @ http://www.onlinefastcashloans.co.uk/fast-cash-payday-loans.html