Who needs a secured savings loan?

The secured loan is for Canadians needing to improve their credit situation. If you meet any of the following criteria then a Spring loan may be right for you:

  • Are new to Canada
  • Are new to credit
  • A student
  • Have been through a bankruptcy, consumer proposal or credit counselling
  • Are struggling to get approved for the credit you want
  • Are paying high interest rates
  • Have a credit score lower than 700
A Spring loan will give you the chance to start making positive payments, improve your credit score and prove to banks and lenders thatyou are able to handle mainstream credit.

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