With your consent MoneyNerd may pass you on to a trusted debt counselling company or insolvency practitioner. MoneyNerd does not give specific debt advice and we recommend that you always discuss your personal situation with a qualified adviser that works for a company that is authorised and regulated by the Financial Conduct Authority. MoneyNerd is not associated with MoneyHelper, we just think they’re great. You can find out more by contacting MoneyHelper. Trademark No: UK00003340161.įree debt counselling, debt adjusting and providing of credit information services are available from MoneyHelper, an independent service set up to help people manage their money. Trading address: The Grange, Grange Road, Malvern, WR14 3HA. MoneyNerd a trading name of MoneyNerd Limited, registered in England ( 12915403). Take a look at their office location on a map.Ītlantic House, Atlas Business Park, Simonsway, Wythenshawe, Manchester M22 5PR If you do, it’s important to find a company whose offices are near your own address. You may want to speak with the loan company in person. Information correct as of 01/04/21 ( ICO register) Where are Freedom Finance located? The privacy of your data will be protected. Information correct as of 01/04/21 ( FCA) Data protection registration:ĭata protection registration means that this company is registered with ICO, the UK’s independent authority set up to uphold information rights in the public interest. The Financial Conduct Authority (FCA) is the conduct regulator for financial services firms and financial markets in the UK. Information correct as of 01/04/21 ( Companies House) FCA registration: Company information:Īfter researching Companies House and their website, we found the following information about Freedom Finance:Īddress: Altantic House Atlas Business Park, Simonsway, Manchester, M22 5PR This include – if the CPA fails twice, the loan company can’t keep trying to take payments. There are some new regulations which make the CPA safer for borrowers. This means that the loan company can take loan repayments directly from you. The debt is usually paid back through a Continuous Payment Authority (CPA). Struggling with debt? Click here What is Continuous Payment Authority? They must also state the cost of borrowing. With these regulations, borrowers must have their details on a price comparison website, and this must be authorised by the FCA. There are other regulations which came into force in May 2017. These apply to credit agreements which have an interest rate 100% or more a year and will be either fully or substantially repaid within a year. Complete cost gap equal to 100% – borrowers should not be asked to repay over 100% of the amount they have borrowed.Default fees cap of £15 – a default interest may be charged, but it should not be higher than 0.8% per day.Cost cap of 0.8% per day on the value of the loan borrowed – including interest and fees.There are now price caps, which were introduced by the Financial Conduct Authority to protect borrowers. Information correct as of 01/04/21 ( FCA) Mind the cap! They might be able to handle your complaint. UNITED Freedom Finance does not respond to your complaint then you should contact the Financial Ombudsman Service. Should you need to make a complaint about Freedom Finance, then you can use the details below to either write to them or call them. Information correct as of 14/06/21 (Trustpilot) How to complain about Freedom Finance? Take a look at their up-to-date reviews here. It’s important to see how other customers have rated their experience with Freedom Finance. You can apply for a Freedom Finance loan online. Information correct as of 01/04/21 ( FreedomFinance) How do I apply for a Freedom Finance loan? The % APR rate you will be offered is dependent on your personal circumstances. Total charge for credit will be £5,776.80. If you borrow £7,500 over 5 years at a representative APR of 28.4% and an annual rate of 28.4% (fixed) you would pay £221.28 per month. Here’s the representative example that they give on their website: The loan repayment period can be between 1 – 7 years. Depending on your individual circumstances, the APR could go up. The APR for the loan is advertised at 2.9%. Here are the critical details of the kind of (unsecured) loan you could secure through Freedom Finance: APR It’s important to analyse the key features of a loan carefully before you commit. In partnership with Loans Warehouse What are the key features of loans available through Freedom Finance?
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