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