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Once the bad borrower has been approved for the loan, they will need to sign a loan agreement, which outlines the terms of the loan, including the interest rate, repayment schedule, and any fees that may be associated with the loan. Another disadvantage of doorstep loans is that they may not be regulated as closely as online loans or traditional loans.
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They offer a predictable payment schedule and often have lower interest rates than other types of loans. They will then be able to withdraw a certain amount of cash, up to their cash advance limit.