Build Credit and Get a Guaranteed Loan Offer With The Foundation

Your credit situation impacts you in more ways than you may think. Many Canadians have the misconception that having bad credit only affects their ability to obtain financing; however, having bad credit can affect you in many ways. Here are some examples:

Obtaining Financing: Your credit situation will help determine if you get approved for financing. If you do get approved, then your credit will help determine the interest rate and cost of borrowing. People with lower credit often face higher borrowing costs and may even need to resort to quick cash loans.

Getting a Job: Many employers require a credit check before making an employment offer. If you have bad credit, then it may be a reason for an employer to think twice before extending an offer, especially in a competitive job market.

Renting an apartment: A landlord may check the credit of a potential tenant. If you have bad credit, then it may be a reason for the landlord to decline you as a tenant.

Getting a cell phone plan: Many cell phone providers may check your credit before issuing you a monthly phone plan. If you want to avoid having a pay-as-you-go plan which is often more costly, then having good credit will help.

We know that there are many needs for cash up front; however, most of our customers cannot qualify for an unsecured personal loan, and if they do, it is often at very high interest rates. This leaves quick cash loans as the only option for many of our customers.

While The Foundation cannot give you money up front, you are guaranteed to get our Evergreen Loan as soon as you’ve completed 12 months of The Foundation and saved $750.

In order to qualify for The Foundation, you will need to fill a quick online application and complete our banking verification. Our trained associates can help you review and gather the required documentation over the phone, text, or email.

The Foundation has 3 key benefits:

1. We set up a tradeline on your credit file and report all your payments. Making your payments on time can help improve your credit.
2. We help you save money by putting a large portion of every full payment aside for you as savings that you can request anytime when your account is in good standing. This will result in over $750 saved in 12 months!
3. We guarantee you success - after 12 months on the Foundation and saving $750, you are guaranteed an Evergreen Loan which is a $1,500 up front cash loan at 18.99%.

Right from your first installment, a portion from each full payment is held in trust for you and goes toward your savings. This acts as a savings nest egg for you. If you make the standard average bi-weekly payment, you could expect to save around $750 by the end of one year.

Additionally, as you build your credit through The Foundation, you can qualify for better mortgage and loan rates, improved access to financial products like credit cards, and other financial opportunities. A stronger credit score can lead to lower interest rates, reduced fees, and more favorable terms, helping you save even more in the long run.