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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…been turned down by their bank but don’t want to venture into taking payday loans…
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…