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But with an online loan, you might not need a perfect credit score or collateral to be approved. Doorstep loans often have very high fees and interest rates, which can make them hard to pay back.
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In contrast, doorstep lenders are loan providers who offer loans and other financial products directly to consumers at their homes. If you are considering taking out a loan, it is important to carefully research your options and choose a lender that is reputable and transparent. Borrowers should also be aware that defaulting on an installment loan can have serious consequences, including damage to their credit score and the georgia possibility of legal action.