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Community Money Advice . Finance Blog

Door to Door Loans

Door to door loans are generally easy to apply for loans with high interest rates and for comparitively small amounts (normally £1000 or less). For most people they are not the most cost effective way of borrowing. They particulalry appeal to people who need short term cash and who maybe have a bad credit history. For this reason the interest rates can be very high. Generally speaking the loan process is quite straightforward, minimum checks on the applicant are required and a quick decision can be made.

To be able to apply for a door to door loan from the comfort of your own home, you need to be a UK citizen, over the age of 18 and have a UK bank account for the money to be deposited in. You normally don't need to fax through any documentation for these loans and people with bad credit history and ccj's are eligible. DOOR TO DOOR LOANS ARE VERY EXPENSIVE.

Door to Door loans for you at home

The idea of getting a loan sorted out and paid in the comfort of your own home seems like the ideal. Minimum hassle - easy money. However you should be fully aware that door to door home loans are one of the most expensive ways to borrow. You should look at other ways of obtaining a loan. It may be that you can get an authorised overdraft at your bank. Sure there will be more work involved in this, but it's definitely worth it whaen it can result you getting a much cheaper loan.

So to some up. Door to door loans are popular because they are easy to bbtain. They are however not the best solution for most people.