Success guaranteed.

We believe everyone deserves the right to fair priced financial products. The Foundation is the first step to building your credit and improving your financial health.

Step 1

Sign up for
The Foundation

The Foundation is available to everyone regardless of credit history, income or debts. 100% approval rate.

Step 2

Build Your
Credit

Make small payments over 12 months with each payment getting reported to the credit bureaus.

Step 3

Access the
Evergreen Loan

Completing The Foundation guarantees you approval for an Evergreen Loan, a $1,500 cash advance at 18.99%.

Build credit

We report every single payment to the credit bureaus allowing you to build credit right from the first payment.
The Foundation includes your free Equifax credit score allowing you to track your progress each month.
As your credit improves, you will begin to qualify for lower interest rates which can save you thousands of dollars.

Grow savings

A large portion of every full payment is automatically saved for you.
Request your savings at any time when your account is in good standing to help pay for bills or even cover your Foundation payments.
At the end of 12 months, you will have $750 available as your savings.

Get Rewarded

Automatically qualify for a $1,500 Evergreen Loan.

Once you’ve completed The Foundation, you are guaranteed access to the Evergreen Loan - a $1,500 cash advance at 18.99%. Use the funds for whatever you like and continue to build credit.

Learn More

Good Credit Matters

Improving your credit can help you get approved for lower interest rates, which can save you thousands of dollars.

Poor Credit

Interest Rate	32.99%
Monthly Payment	$684.27
Total Interest Paid	$21,056.46

Fair Credit

Interest Rate	15.00%
Monthly Payment	$475.80
Total Interest Paid	$8,547.92

Good Credit

Interest Rate	5.99%
Monthly Payment	$386.56
Total Interest Paid	$3,193.78

Save $17,862.68 On interest over 60 months

Poor Credit

Not Approved

Fair Credit

Interest Rate	12.99%
Monthly Payment	$4,974.38
Total Interest Paid	$289,813.08

Good Credit

Interest Rate	2.44%
Monthly Payment	$1,764,04
Total Interest Paid	$51,720.63

Save $238,092.45 On interest over 5 year term

Poor Credit (Quick Cash Loan)

Interest Rate	400.00%
Monthly Payment	$502.83
Total Interest Paid	$7,551.03

Fair Credit

Interest Rate	40.00%
Monthly Payment	$112.16
Total Interest Paid	$518.87

Good Credit

Interest Rate	8.99%
Monthly Payment	$89.39
Total Interest Paid	$109.01

Save $7,442.01 On interest over 18 months

Values are illustrative of each respective credit tier. Actual rates may vary.

Let’s grow together.

Get Started

It’s easy.
It works.

We’ve helped thousands of Canadians improve their credit and access fair financial products.

See All Reviews

“I suggest if you have problems with your credit score, you should contact Spring Financial Foundation and they will help you!”

“Very quick and professional”

“It was really good. Everything we did was fast and easy!”

“Spring Financial was a great tool for people having troubles with their credit!”

“Can we do this for more people? Lots of people are struggling and could this sort of help to help themselves.”

“Spring Financial has been awesome! I thank them for the help they've given me.”

“I took a chance, and I had a good experience”

“Spring Financial was really easy to work with and very understanding.”

“I'm happy with the program. I was able to achieve my goals!”

“Great service fast and efficient as well as friendly!!”

“I was in a position where I didn't have credit, and Spring Financial helped me get to a good spot where I am financially comfortable.”

“I never took my credit score into count until I started looking at my future. My credit score has improved so much in the last year or so. Spring financial has been a great place that has helped me. Without them, my credit score wouldn't be like it is now. Nor would I be thinking more about my future goals”

FAQs

Who needs The Foundation?
The Foundation is for Canadians who need to improve their credit situation and want access to personal loans at reasonable rates. If you meet any of the following criteria, then The Foundation is right for you:
- Have a credit score lower than 670
- Find it challenging to save money on your own
- Not getting approved for the financing you need
- Paying high interest rates
- Stuck in a quick cash loan cycle of debt
- Are new to Canada
- Are new to building credit
- A student
- Have been through a bankruptcy, consumer proposal or credit counselling
The Foundation will give you a chance to make positive payments, improve your credit and help prove to banks and lenders that you can handle mainstream credit.
Why do I need good credit?

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.
How does The Foundation build credit?

The Foundation is setup as a tradeline on your credit file. A tradeline is an industry term to describe an account on your credit report. Each month we will report your payment history to the credit bureaus. Making all your payments on time will help you improve your credit.
How is this going to help me when I need money right now?

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.
Can I cancel The Foundation?

You can cancel anytime by calling into our Client Care team. You can cancel at any time with no fee. If you have any outstanding fees from any missed payments, then you will need to make this up at time of cancellation.

Visit our help centre for a complete list of FAQs

Credit building on auto pilot.

Success guaranteed.

Sign up for The Foundation

Build Your Credit

Access the Evergreen Loan

Build credit

Grow savings

Automatically qualify for a $1,500 Evergreen Loan.

Good Credit Matters

Let’s grow together.

It’s easy. It works.

FAQs

Credit building on
auto pilot.

Sign up for
The Foundation

Build Your
Credit

Access the
Evergreen Loan

It’s easy.
It works.