Residents are Being Warned About the Tactics of Some Doorstep Lenders.


Citizens Advice North Tyneside says lenders are putting people at risk of serious debt problems due to their tactics. A new report by the charity has identified a number of concerning practices by some doorstep lenders. They have raised issues with the harsh debt collection methods, using intimidating behaviour to collect repayments and in one case escorting a relative to a cash machine to collect the money; irresponsible lending with unsatisfactory checks made on whether the person could afford a loan; and putting pressure on people to take out a new doorstep loan to pay off existing debts.