The Foundation

How It Works

  • How does The Foundation build credit?
  • How do I qualify for The Foundation?
  • How is this going to help me when I need money right now?
  • Why should I do The Foundation?
  • How does The Foundation help me save money?
  • What are my payments going towards?
  • Why am I making installment payments?
  • Can I change my payments?
  • What happens if I miss a payment?
  • Can I make additional payments?
  • What happens if I don’t have $750 saved in 12 months?
  • Where is the savings portion held?
  • What happens at the end of 12 months?
  • What is my savings balance?
  • How can I request my savings?
  • What documentation do I need?
  • How can I update my banking?
  • What is the cost of The Foundation?
  • Are there any other fees?
  • Is there a setup fee?
  • I lost my job, what can I do?
  • What is the $5,000? How does it work?

Cancelling Your Loan

  • Can I cancel The Foundation?
  • What happens when I cancel?
  • Are there any fees to cancel?

Credit Info

  • Who needs The Foundation?
  • Why do I need good credit?
  • What credit bureaus do you report to?
  • How often do you report to the credit bureaus?
  • When can I apply for other financing?
  • What happens to my credit if I miss payments?
  • Golden rules of credit
  • Quick Cash Loan Education

Evergreen Loan

  • What is the Evergreen Loan?
  • How do I get the Evergreen Loan?

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Spring Financial Inc. provides loans up to $35,000 with interest rates ranging from 9.99% to 46.99%, and terms from 6 to 60 months. APRs on such loans range between 10.8% to 46.99%. Your actual rate will depend on a variety of factors such as your credit score and the loan amount.

An example of borrowing costs paid on a $5,000 loan with a 60 month term at 10.87% APR is a Weekly payment of $24.43, with the total repayment amount of principal and interest being $6,352.33 and the total cost of the loan (interest only) being $1,352.33.

To qualify for The Foundation, you must have an active account with a bank or financial institution, as approved by Spring Financial, and a valid government-issued Canadian ID. The Foundation is available in all provinces except Saskatchewan and New Brunswick. Results from The Foundation depend on the individual. All guarantee references are made in connection to the Evergreen Loan. To qualify for the Evergreen Loan, you must first successfully complete 12 months on The Foundation and save $750, have an active account with a bank or financial institution, as approved by Spring Financial, and a valid government-issued Canadian ID.

Spring Financial Inc. is headquartered at Suite 600, Two Bentall Centre, 555 Burrard Street, Vancouver, British Columbia, Canada, V7X 1M8

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Spring Financial Inc. and its loans are not affiliated with any credit bureaus.
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