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They are also usually safer and less expensive than doorstep loans. This may include proof of income, such as pay stubs or tax returns, as well as information about any outstanding debts or assets.
Another disadvantage of doorstep loans is that they may not be regulated as closely as online loans or traditional loans. You can often receive an approval decision within a few minutes of submitting your application, and the bad funds can be deposited into your account within a few hours or days, depending on the lender.