i-already-have-a-doorstep-loan-from-a-different-company-can-i-still-get-a-loan-from-another-provider

I already have a doorstep loan from a different company. Can I still get a loan from another provider?

i-already-have-a-doorstep-loan-from-a-different-company-can-i-still-get-a-loan-from-another-provider

I already have a doorstep loan from a different company. Can I still get a loan from another provider?

Having a doorstep loan with another company doesn’t rule you out of borrowing with another lender.

Most lenders will assess their customers on a case-by-case basis, and may still be able to lend to you providing you can afford our loan on top of your other financial commitments.

Doorstep lenders will usually visit customers face to face in their own homes and assess what options are available based on an Affordability Assessment. So, after you’ve applied for or enquired about a loan the lender will send a company representative around to discuss why you need the loan and complete an Affordability Assessment.

That involves working out how much money you have coming in and how much is going out, including any credit cards or loans. If you can still manage to repay the new loan and your other creditors at the same time. Remember, loans are not a long term solution to debt problems.

Interest and repayments

With most doorstep lenders, the interest and total amount you repay are fixed at the start of your loan agreement. You should check whether your lender charges penalty fees, late fees or add extra payments so you know if your payments ever start to get a little off track whether you will be hit with extra costs.

 

Current article rating: I already have a doorstep loan from a different company can i still get a loan from another provider
/ 5 out of x review(s)

Please rate this article:

I already have a doorstep loan from a different company can i still get a loan from another provider

Share this article

You may also be interested in...

how likely am i to be approved for a doorstep loan

Read...

will a doorstep loan affect my credit score

Read...

what happens if i miss a payment on my doorstep loan

Read...

how is a doorstep loan different to a credit union

Read...

can i get a cash loan delivered to my door

Read...