Smarter ways to clear your debts

Fresh Finance highlights how you can help yourself out of debt.

Check you qualify for debt help, right here.

Our fees explained clearly

We want to make sure you know all of the costs involved. To ensure you have all the info to make the right decision we've put together a guide to the fee structures for each of the debt services offered.

FreshFinance Blog

At FreshFinance, we are always looking for ways to help our customers get the best information to help them out of debt. What better way than a blog to share some of our newest insights.

Impartial advice

You can get FREE impartial advice on your finances from the Government's Money Advisory Service.
FreshFinance Blog More information

Clarity with our fees

At FreshFinance our goal is to provide you with the highest level of service in the clearest possible way. Which is why we partnered with MoneySolve and their advisory team who share this passion. MoneySolve's role is to carry out the debt help services for you. They do not receive funding from any other sources, so their charge to you is for providing their services to help you reduce your debts.

The specific fee structures for Debt Management Plans, IVAs and Bankruptcy are not hidden from you. In fact we want to ensure you know all the facts, which is why we have compiled a complete list of fees for each.

Read more about our fees Speak to us about our fees

Making better money choices with Fresh Finance

Find the debt help that's right for you

3 great ways to deal with debt

Designed to put you back on track

Debt Management

Help if you have debts of £1,500 and over

Debt Management allows you to pay one affordable monthly payment for all of your unsecured bank loans, credit card repayments and your other debts.

Firstly the hassle of dealing with your paperwork and and day-to-day dealings with your creditors is taken away. Secondly, our selected debt partners will look to negotiate the freezing of charges and interest on your accounts to help stop your debts increasing.

Bankruptcy

Help if you have little or no disposable income

If you are facing bankruptcy then it is important to speak to a professional debt advisor before proceeding with bankruptcy.

Fresh Finance was set up to deal specifically with cases of serious debt that require immediate expert help. Advice is given both on avoiding declaring Bankruptcy and also how to go through the whole bankruptcy process.

IVA's

Help if your debts are over £8,000

An IVA can help you write off the debts you cannot afford. Debts that qualify for an IVA can be cleared in a set time period (usually 5 to 6 years).

An IVA is a legal process by which you can gain protection from your unsecured creditors by entering into a legally binding repayment agreement with them, which is then supervised by a licensed insolvency practitioner.


Limitations

No obligation

Creditors are not obliged to agree to a Debt Management Plan nor freeze interest and charges.

The right schedule

Sometimes rescheduling your Debt payments can lead to an increase in the total sum repaid and can extend your repayment period. Debt advisors should advise you an estimate for the total repayment period and length of time for the plan subject to your creditors accepting the arrangements.

Keeping up your repayments

Failure to keep up your repayments once on a repayment plan is set may result in arrangements with your creditors to be broken.

Your Credit Rating

Your credit rating is likely to be affected by Debt Management, Bankruptcy and IVA's.


Fresh Finance
© 2015 FreshFinance. All rights reserved. See our Debt Terms, Bankruptcy Terms and IVA Terms.