Practical tips to help you improve your credit rating and avoid expensive high interest loans
Update 26th March 2020 from Provident Personal Credit – The UK’s largest Doorstep Lender
COVID-19 has presented us all with many challenges that have increased in previous weeks and escalated further since Monday. Across Provident Financial Group we have firm contingency measures in place which vary by business area.
The safeguarding of our customers and employees is utmost and as such Provident (Home Credit) has made the decision to stop all new business activity and our colleagues in the field will be unable to service any new applications until further notice.
This is a temporary measure and we will provide updates as soon as we can.
If you’ve been looking for a cash loan you might have come across the term door to door loans? Let’s explain what these are:
This type of borrowing can be suitable for people who’ve been turned down for other forms of bad credit loans and have no guarantor.
The money is usually available within around 24 hours and will be delivered in cash.
All repayments are collected in cash there is no need for you to have a bank account
All applications and transactions are dealt with in the strictest confidence so there is no need for anyone else to know about your loan if you wish for it to remain private.
Other typical features include:
If all repayments are made on time and in full you will actually improve your credit score while you borrow 😀
If you would like to explore alternative ways to improve your credit score read 20 things you must know to boost your credit score.
Whilst doorstep loans offer one option if you have a poor credit rating, there are typically lower-cost options available, see :
As the name suggests, doorstep loans are loans which once agreed, will be delivered to the home of the applicant in the form of cash. The repayments will also be collected in a similar way.
Doorstep loans are the common name but you may have heard them referred to as home credit loans. Both work by having the loan and the repayments delivered to and from the home of the borrower and are essentially the same loan.
When a loan is arranged, you will be able to decide the length of time that you can make your repayments. Depending on the amount you borrow, the repayment period will vary.
Doorstep loans are part of the bad credit market and all applications will be considered, regardless of your credit rating. There are other options available though such as Guarantor Loans which may offer a cheaper solution.
You can. Doorstep loans are unsecured loans and therefore owning your own property is not an essential requirement.
If you find that your financial circumstances have changed and you are in a position to repay your loan at an earlier stage than agreed, this will be acceptable. By repaying your loan at an earlier stage, you will be able to reduce your total interest payable on the loan and keep repayments down to a minimum.
Due to the current COVID-19 situation, we are currently unable to help people find a doorstep loan.
But we’ve other loan options
1. Get Quotes from our lenders who are still looking for customers
2. If no luck Find Other Lenders who are still lending