Doorstep Loans From £100

Doorstep Loans From £100

A WARNING has been issued to residents in Manchester council estates not to sign up to loan agreements from doorstep callers.

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.

If you need to borrow more than a traditional payday loan would allow, several credit unions have got together to offer an online portal for their loans. CU Loans will take some details on you and the loan you loans in manchester want and will then find if there’s a credit union you’re eligible for, and your loan will be processed through that credit union. You can borrow between £1,500 and £15,000 for between one and five years.

We begin with the most intriguing competitor of the bunch. You may be familiar with this company under their previous identity of LoansatHome4U. Non-Standard Finance Plc acquired S.D. Taylor Ltd (the brand owner) in 2015 for the sum of £82.4 million. Non-Standard Finance was founded by John Van Kuffeler who was the Chairman of Provident Financial Plc for a combined total of 22 years and so he certainly knows the ins and outs of the business. NSF now also has Everyday Loans on their books and so they are for sure one of the rising forces in subprime lending. The newly branded Loans at Home is currently 3rd for market share in this space.

As short-term unsecured personal loans offering small sums up to £1,000, the product is recommended for people with bad credit. There is no credit check involve hence easier to get loans in manchester approved for. Unlike other forms of funding, doorstep loans have no hidden costs. All charges are already included upfront so no surprises on your weekly or monthly repayments.