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MoneyStore cuts rates on one-year fixed rate products

The MoneyStore is reducing its two one-year fixed-rate products by 0.74 per cent and 0.96 per cent respectively.

It is also cutting its full status loan to 8.75 per cent and its self-certification loan to 8.99 per cent.

The sub-prime lender says it will consider applicants who have missed four monthly payments within the last 12 months and have an unlimited number of CCJs up to £7,500, as long as they can demonstrate a willingness and ability to repay the loan.

The rates are fixed until February 1 2000, both products have a maximum loan to value of 85 per cent and an introduction fee of £295.


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