What are doorstep lenders?

A doorstep lender is a loan company that offers doorstep loans, which are sometimes referred to as home credit loans. Loans from UK doorstep lenders can start from as low as £100, with the money paid back in regular instalments over several months.

An agent working for the doorstep lender will visit you at your home to finalise your loan. They will also be the person to collect your repayments.

What to look for in a doorstep loan lender

When searching for a doorstep loan, you should try and do some research about the various lenders. Find out if they have any additional charges, so your loan doesn’t end up costing you more than you had planned for. Also, read some of the reviews left by customers, so you can get honest opinions about the company.

Morses Club PLC (LON:MCL) is an established, relationship-driven consumer finance provider offering a range of credit products and delivering exceptional services to customers in the non-standard finance market.

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