New product for lender

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A CAR financier based in Petersfield has launched a new product aimed at those who may have difficulty repaying their loans, thanks to the recession.

Moneybarn, previously known as Duncton plc, will underwrite the loans based on four criteria, not just the customer’s credit score.

The firm says it is able to make decisions on a case-by-case basis, rather than on the results.