What is a doorstep loan?

Q: What is a doorstep loan?

A: A doorstep loan is just another name for home collected credit, or home credit.

Home credit is a friendly, personal service that provides small loans with manageable repayments, which are collected every week from your home.

The collections are made by your own agent and the whole idea of home credit is that you feel in control of your finances by arranging easily managed repayments.

Representative example

Representative example:
£200 loan repayable over 33 weeks
33 weekly payments of £10.00
Rate of interest 102.4% p.a. fixed;
Representative Apr 433.4%
Total Amount Payable is £330.00


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