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Installment loans can also help borrowers to build or improve their credit score. In contrast, doorstep lenders are loan providers who offer loans and other financial products directly to consumers at their homes.
Borrowers should also be aware that defaulting on an installment loan can have serious consequences, including damage to their credit score and the afb possibility of legal action. On the loans other hand, doorstep lenders are people who come right to your house to offer loans.