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How do I know
my debts are being paid ?
We will apportion any payments
received from you for distribution
between your creditors based
on how much each is owed. We
will issue a statement showing
how much each creditor will
receive. This remains fixed
unless your circumstances change.
We will also issue a quarterly
statement showing all transactions
on your account. In addition
to this, you will still receive
your statements from your creditors.
Will
this affect my credit rating
?
When entering into a debt management agreement you will be breaking the terms of your initial repayment agreement with your lender. This may have an adverse effect on your credit record and may be on your credit record for 6 years. Due to already having missed payments on your account and the time required lowering, arranging and distributing payments to creditors and delays in making the first payment into the programme from the clients, contractual payments maybe missed which may lead to an increase in the sum owed or the term the debt has left to run.
What
do you charge for debt management?
Unlike many of our competitors,
Fresh Finance don't charge 15%
monthly management fees. Our monthly
management fee is a fixed amount
based on the number of creditors
that we have to pay on your behalf,
furthermore that fee is fixed
for the duration of your plan.
The result, therefore, is that
less of your monthly payment
will be paid to us and more
of your monthly payment will
be paid to your creditors, resulting
in your debts being paid off
quicker.
If you are interested in our
debt management solution click
here and fill out our simple
application form, and one of
our debt specialists will contact
you at the requested time.
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