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This can be especially beneficial for those who are trying to improve their credit or who have a limited credit history. Another disadvantage of doorstep loans is that they may not be regulated as closely as online loans or traditional loans.
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The borrower is given a credit limit, which is the lockney maximum amount of money that they are allowed to borrow. To avoid these pitfalls, it is important for borrowers to carefully manage their credit line and only borrow what they can afford to pay back.