Doorstep Loans, also known as home credit, are usually low value, short term loans where the lender will collect the repayments in person.
Once the loan has been approved an agent, working on behalf of the lender, will visit your home to give you the loan and will then return usually on a weekly basis to collect the repayments. All transactions are stored in a log book.
Loans are usually arranged within 24 hours and, as the agent collects the repayments personally, you do not need to have a bank account in order to borrow money. This makes the loans particularly suitable for emergency and very short term borrowing.
Repayment schedules are flexible and, as you see an agent in person, you are able to discuss any problems with them as soon as they arise. As with all loans it is important that you are honest about your ability to make the repayments.