Every type of loan will be suitable for a different type of candidate and their needs, and doorstep loans make no exception. If you’re interested in getting one, it would be helpful to first read Our Comprehensive Guide to Doorstep Loans in order to learn all about them.
It’s crucial to research your choice of loan very thoroughly, which is why we also recommend checking out the Pros and Cons of Doorstep Loans as a way to familiarise yourself with the advantages and disadvantages of these loans. But one question remains: are you a good candidate for a loan like this?
Single mums as candidates for doorstep loans
Everything is just that little bit harder when you’re a single mum. Even regular, everyday tasks are difficult when you have kids that you’re raising with no outside help, but that doubles for a transaction like applying for a loan.
We all know how time-consuming it is to go looking for a lender, gather all the necessary paperwork, run around back and forth to sign them all and complete application processes, wait to hear if you’ve been accepted, go back, wait for the money, etc.
It means days or even weeks of work, and if you don’t have child care, you’re out of luck. It’s difficult to keep a kid entertained while you take a meeting at the bank or breastfeed while signing documents. That is why single moms make perfect candidates for a doorstep loan; the agent comes at your house, so you can still keep an eye on the kids while talking business. It’s the best of both worlds.
Unemployed people as candidates for doorstep loans
When you’re interested in getting a traditional loan, you will notice that they check your employment status and that unless you have an income over a certain threshold, you are going to be rejected. That can make it almost impossible for unemployed individuals to get a loan, even when, ironically, they probably need it the most, precisely because they don’t have income.
Loans that come to your doorstep accept individuals who are unemployed give you a vote of confidence and a chance to get back on your feet. Doorstep lenders for unemployed individuals can make a very big difference when you’re unemployed and losing hope and it can give you the boost you need to get your financial ducks in a row.
A great guide can be found on Uswitch
People with bad credit as candidates for doorstep loans
One of the biggest issues people have with regular loans is that they require good credit, which not everyone has. Whether you’re very young or you’ve just made some financial mistakes in the past, your credit history is unforgiving and that can severely affect your rate of acceptance for loans.
That is why a doorstep loan with no credit check is the ideal option for someone with bad credit; when no one else will give you a chance and grant you a loan, doorstep loans with bad credit will help you out. All you have to do is contact the company and an agent will show up to offer you some options so you can choose the one for you, no credit check required.
Disabled people as candidates for doorstep loans
Living with a disability that limits your mobility is never easy, and even the most mundane tasks like shopping for groceries or going to the bank become difficult chores. Not having a helping hand can stop disabled individuals from pursuing a regular loan, for example, precisely because how much effort is required of them.
A doorstep loan is particularly helpful for disabled individuals, as it takes out all the difficulty from the process and caters to their needs, right at their home. The agent makes house calls for every step of the transaction, from the initial discussion and offer to sign the loan, dropping the money off and then coming to receive the repayment.
Very busy people as candidates for doorstep loans
It’s well known that the world is getting faster and busier and everything is quick-paced. There are hundreds of things to do in a day, and between kids, work, studies, chores and other commitments, sometimes there just isn’t any time you can take off in order to pursue a loan, especially if you work traditional hours and all the banks are closed by the time you get off work.
Doorstep loan agents solve this issue by simply showing up at your door to do the difficult part for you. All you need to do is discuss with the agent, review the offer and pick the option most suitable for your needs. When repayment time comes around, you just need to be home. And you get to pick the time you receive the agent, so you’ll only make commitments you can actually honour.
|Who’s a good candidate for a doorstep loan?|
|Individuals with bad credit|
|People who are very busy|
In conclusion, there are various types of individuals that would make suitable candidates for a doorstep loan, from single moms to disabled individuals, and even extremely busy people. Don’t worry if you have bad credit or you’re unemployed, either; these traditional loan barriers are not a problem for this kind of loan. If you’re interested in finding out more check out our guide on doorstep loans vs other similar cash loans