There are numerous companies offering doorstep collection loans in Blackpool. They often target the unemployed and people in the lower paid sectors of society. These people can often struggle to make ends meet and to some, these companies offer an easy solution to short term debts.
Door collection loans are small loans which are offered at your door step. Once you fill in a standard form online, the loan representative of your lender will contact you. Usually these loans are offered for a period of between 14 to 21 days.
One such company providing this sort of loan service in Blackpool is www.doorstepcollectionloans.org.uk. You can apply for a short term loan with them, for anything between £100 and $1500. There are few requirements that have to be met to qualify for this loan. You are required to be a permanent UK resident, be over 18 years old and have a valid UK bank account. It is this bank account that the money will be credited to the next day. An agent will then call to your house on a weekly basis, to obtain the money back through a set repayment schedule.
However, it must be noted that you should not enter into one of these door step loans lightly. The companies involved often charge a very high rate of interest. Usually a £500 loan will require you to pay back £650, a £150 profit for the company providing the loan. So while these companies may be useful to service short term debts, for those with cash flow difficulties, it is important to note the total fee you will have to pay back.
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