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Amount of credit £1,500 for 2 years. Interest rate: 71.3% pa (fixed). 24 scheduled monthly payments of £118.88. Total amount repayable: £2,853.12. Representative APR 99.9%.
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It doesn’t seem to be an area that the banks want to step into.
…there was a gap in the market for providers offering £2,000 over two years…
118 118 Money promises to offer a more ‘human approach’ to lending decisions…