Cash loans are being offered to people wishing to borrow around £500 at reasonable rates of interest. It is in response to the high prices that door step lenders are charging, who can charge several hundred percent. Probable rates of interest are thought to be no more that 30% aer and payable weekly. So far only the West Midlands are thought to be trialling a scheme but is expected to move to other regions soon.
Cash Loans offered by National Housing Federation
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