- The Foundation
Build your path to a guaranteed loan offer*
Build a positive payment history, save for emergencies, and earn a guaranteed loan offer* at the end – all in one program.
GUARANTEED OFFER*
Complete the program with a guaranteed $1,500 loan offer.*
INCREASED ACCESS
A stronger payment history gets you bigger loans.
100% APPROVAL
We approve all credit scores for The Foundation.
For anyone building (or rebuilding) their financial future
Whether you’re recovering from bankruptcy, managing collections, rebuilding after missed payments, or dealing with overextended credit, The Foundation gives you a path forward.
Credit beginners
No credit history? Start here. Every on-time payment gets reported to the bureaus and builds the history lenders look for.
Credit rebuilders
Credit setbacks happen, but they don’t have to keep you stuck. Build positive payment history, set funds aside for a rainy day, and finish with a guaranteed loan offer*.
Newcomers to Canada
New to Canada? Start building the payment history that opens doors to loans, better rates, and financial opportunities.
Best-rate seekers
Better rates go to better credit files. Build yours with consistent payments, watch your progress, and position yourself for the offers you want.
Guarantees are rare, here's how to get yours
In 12 months, you’ll have something no other lender will give you upfront: certainty. A guaranteed loan offer* that’s yours, period.
Sign up
Quick online application. Everyone gets in, regardless of credit history.
Build your credit profile
We report every payment to the credit bureaus. Lenders see your positive payment history grow month by month.
Get rewarded with Evergreen
After 12 months, your guaranteed $1,500 Evergreen Loan offer is yours. Not maybe - guaranteed.*
Real Canadians, real progress
They started where you are. See what 12 months earned them.
Went above and beyond to try to improve my current credit situation and turned a bad financial situation into a jumpstart towards a solid foundation for future credit development.
Robert on TrustPilot
I joined Spring’s Foundation program to build my credit. The process was very simple and fast. The team was friendly and explained clearly. The Bloom app is also useful to track my savings and spending.
Rajeeshkanth on TrustPilot
My credit has gone up 107 points with Foundation. The support staff have been amazing and I am now happy to move into my Evergreen loan and continue building my credit and working toward my financial goals.
Karri on TrustPilot
Spring gave me hope that I could recover from previous financial hardships. I am currently building credit with Foundation. The representative went above and beyond to treat me with respect and offer the best solution.
Kirk on Google
I have worked with Spring Financial for 3 separate things. I started with The Foundation to repair and build my credit history. Then got my Evergreen loan. For showing good repayment history I was offered another loan!
Kira on Google
Super convenient love it. This is a perk if your credit is bad! Try The Foundation for about 70 bucks bi-weekly in six months you can bump up your credit score by 300 points.
Mandeep on TrustPilot
Active online banking
Government issued ID
What you get with The Foundation 12 month program
A program designed to say yes, tools that keep you informed, and a promise we actually keep.
INCLUDED WITH GOLD
Bloom - the mobile app that makes budgeting effortless with Oscar AI.
INCLUDED WITH GOLD
Bloom - the mobile app that makes budgeting effortless with Oscar AI.
BUILD CREDIT HISTORY
Start or refresh your credit file through on-time payments.
100% APPROVAL RATE
We approve any credit score for The Foundation.
SAVE FOR A RAINY DAY
Set aside up to $750* for unexpected expenses.
GUARANTEED LOAN*
Complete the program to unlock our $1,500 Evergreen loan.*
Choose the program that’s right for you
Foundation Gold
Build payment history
Monthly credit score updates
Cancel any time
Save $750*
Guaranteed loan offer*
Bloom App
Bi-weekly payment †
† Payment amounts may vary slightly.
Foundation Basic
Build payment history
Monthly credit score updates
Cancel any time
Save $750*
Guaranteed loan offer*
Bloom App
Bi-weekly payment †
† Payment amounts may vary slightly.
You have questions.
We have answers.
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 Canadians who:
- Have a credit score lower than 670
- Find it challenging to save money on your own
- Are not getting approved for the financing you need
- Are paying high interest rates
- Are stuck in a quick cash loan cycle of debt
- Are new to Canada
- Are new to credit
- Are 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 profile and help prove to banks and lenders that you can handle mainstream credit.
Why do I need good payment history?
Your payment history impacts you in more ways than you may think. Many Canadians have the misconception that missing a few payments only affects their ability to obtain financing; however, your payment track record can influence many areas of your life. Here are some examples:
Obtaining financing:
Your payment history helps determine if you get approved for financing. If you do get approved, your history can also affect the interest rate and overall cost of borrowing. People with limited or inconsistent payment histories often face higher borrowing costs and may even need to turn to short-term lending options.
Getting a job:
Some employers require a credit check before making an employment offer. If your payment history shows missed or late payments, it may give an employer pause before extending an offer—especially in a competitive job market.
Renting an apartment:
Landlords may review your credit profile when deciding whether to approve a tenant. A positive payment record can help you qualify more easily, while a history of missed payments may make it harder to get approved.
Getting a cell phone plan:
Many cell phone providers may review your payment history before approving a monthly plan. If your record isn’t well established, you may need to choose a prepaid or pay-as-you-go plan, which can be more expensive.
How does the Foundation help your credit profile?
The Foundation is set up 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 could help you improve your credit profile.
How is this going to help me when I need money right now?
Can I cancel The Foundation?
You Deserve Better
Build a positive payment history, save for emergencies, and earn a guaranteed loan offer at the end – all in one program.