Many an unwitting consumer has, naturally, applied for the lowest rate among a given set of choices, not realizing that their less-than-perfect credit history would cause them to be rejected. The catch is that the APR is also known as a “representative rate,” which means that only 51% of applicants will qualify for that rate. “Traditional comparison sites only show headline rates - not actual quotes based on borrowers’ credit profiles,” she told .uk.Ī “headline rate” is the lowest Annual Percentage Rate (APR) rate on offer. Nicola Georgiou, Freedom Finance’s Managing Director, took aim at what she saw as a hazard in the way consumers shopped for loans online. Many refer to the company as Freedom Finance UK to avoid confusion with companies with similar names operating in other countries. In 2014, the company changed its named to Freedom Finance Ltd and became the industry leader by anticipating regulations implemented by the Financial Conduct Authority that year. The company began as Moneio Ltd in 2007 in Manchester and quickly became one of the largest brokers in the country. ![]() Is Freedom Finance Any Good? Freedom Finance Reviews So, you could spend your time looking at reviews of all the finance companies in the UK, or you could use a broker like Freedom Finance.įreedom Finance offers a wide array of loans: A first-rate broker has the resources, training, and experience necessary to ensure a smooth and fair loan deal that meets your needs. ![]() Choosing the right loan package on your own can be quite challenging and entails much diligence and research.Ī personal loan broker simplifies the process by evaluating your situation and determining which lenders are going to give you the best deal. There are many banks, credit unions, and finance companies in the UK to choose from when looking for a loan. If you’re extremely fortunate, you’ll get through this life without having to borrow money for things like buying a new car, renovating your home, or getting through a crisis.įor the rest of us, there’s the personal loan industry, and reading Freedom Finance reviews will show you that the UK’s largest personal loan broker is a good place to start learning about your options.
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