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Another disadvantage of doorstep loans is that they may not be regulated as closely as online loans or traditional loans. If you're thinking about getting a loan, make sure to do your research and choose a lender that you can trust.
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And sometimes, doorstep lenders use pressure tactics to try and get you to take out a loan, even if it's not a good idea for you. Banks also often have a wide range of loan products available, ensuring that customers can find a loan that meets their specific needs.
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