Fresh Start Program - Give your credit a fresh start - Refresh Financial

Fresh Start Program™

Everyone deserves a new beginning. With our Fresh Start Program, we are here to help you get yours.

Is Fresh Start for Me?

Did an emergency or life transition damage your credit? Did “past you” make some bad financial decisions? Have you been turned down for a loan? New to the country and building a new life? Bankruptcy or consumer proposal? Identity theft? If you have bad credit and are ready to change your financial future, then Fresh Start is for you.
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Why It Works

When applying for credit in Canada, banks use your credit score to determine how risky it is to lend you money. A bad credit score can mean that they won’t lend to you (or if they do, they will charge very high interest rates). Learn how credit works. Payment history is like the scorecard for your credit score. Doing something well will increase your credit score. If you perform not so well, you end up behind. Our Fresh Start Program gets you back to the financial basics — saving, making responsible payments, and keeping track of your progress along the way. Every payment you make in the program gets reported to the “judges” (credit bureau) as positive, and they increase your score accordingly.
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How It Works

When you sign up for Fresh Start, we don’t ask for your credit score (yes, really). We trust that you want to get back on track. All we need to know is that you are making the commitment to rebuilding your credit. We start by working through which of our program amounts suit you. Then we set up affordable payments for your budget and lifestyle. Each payment has a small portion of interest, so we can report your program as an ‘installment loan’ to the credit bureau. This proves to lenders that you are responsible and able to meet your money commitments over a period of time. But wait, there’s more! While there may not be money upfront, these payments you have been making are building up a little nest egg for you at the end. As only a portion of your payments go to interest and fees; the rest in your program is yours! So by finishing the Fresh Start Program, you get a new and improved credit score, the trust of lenders, a chunk of change to spend however you like, and the financial freedom to get the credit you need (at an affordable interest rate) whenever you need it.
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Last year around this time I was declined for vehicle financing. I was making more than I am now and had better stability in my job and address yet I was declined. I had no borrowing history. Credit cards sure but no installment payments showing on my report. Its next to impossible to get experience without having experience. Then I learnt about The Refresh Program. I signed up for a $2300.00 loan because in 3 years I want to get my own piece of land and $2300.00 will go a long way towards a down payment.

So not only am I saving for a house but I am building my credit too.

This year I was approved for financing through for auto financing and now I have a shiny new ride to cruise around in and an interest rate I can afford.

So I just wanted to say thank you. I would still be driving my '92 saturn if it wasnt for the effect Refresh Financial has had on my credit report. ”

David, Nanaimo, BC