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Doorstep Loans vs Payday Loans

Doorstep Loans vs Payday Loans

We’ve all seen the news recently that Payday lender Wonga have gone into administration meaning that over 500 people could potentially lose their jobs in the coming year.

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Representative Example £200 Cash Loan repayable over 27 weeks 27 weekly payments at £10.50.
Rate of interest 80.63% p.a. Fixed Representative APR 295.2%. Total amount payable £283.50