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What's included:
Join more than 270,000+ people who use Creditspring to improve their credit and access on-demand loans.
Clear pricing
Never any hidden fees
No risk of debt spiral
Easy renewal
No Debt Spiral: We promote healthier financial habits ensuring you never get caught out.
Clear Pricing: Say goodbye to hidden fees and confusing terms. Always know what you're paying for.
Credit Building: Creditspring helps you build your credit score, empowering you to access better financial products in the future.
Late and missed payments, along with other external factors, can have a negative effect on your credit score.
We know financial products can be difficult to get to grips with, so we've included some of the key questions you may have. However, if the question you need an answer to isn't here, head over to our Help Centre for more.
We offer various memberships that will assist you in planning for your future, building your financial stability and boost your finances for unexpected expenses. There is a limit of one membership per person, and there are 12 monthly instalments.
We do things a bit differently. Instead of adding interest, we'd rather give you a no-interest loan and charge a membership fee that is spread over the course of your agreement. We believe this is a simpler and honest way of doing business. It also means that as a member, you know you'll never pay more than your monthly membership fee and what you borrowed. Read on here
There are many factors involved in determining if you are eligible for a Creditspring membership. The following are some of the requirements to apply for a Creditspring membership:
Creditspring membership is subject to status. Terms and conditions apply.
If you're a Core member, and you borrow both advances as early as allowed under the agreement (for example, after your 14-day cooling-off period) and you repay each instalment in full and on time, the APR is 83.1%.
However, if you choose to borrow only one advance, and you do so at the earliest point permitted, repay each instalment in full and on time, and the agreement runs for a minimum term of 12 months, the APR would be 162.5%
It is important to note that we don't offer refunds on monthly fees if you decide not to borrow the maximum amount of credit available to you during your membership. As always, it is important to read all the terms of your agreement before taking up a product with us. Read on here
If you apply for a Creditspring membership and are not eligible, it will not affect your credit score. It will leave a “soft footprint” on your credit report that only you will be able to see.
If you are eligible for a Creditspring membership and you accept a membership, our credit check will then be posted as a “hard footprint” on your credit report, accessible by other lenders. Once you are a member, we will continue to report your monthly membership payments and any repayments of your advances to the credit agencies.
Yes, Creditspring is a direct lender. We provide small, personal loans – sometimes referred to as direct lender loans – that are disbursed directly to you. This means there's no broker or middleman, you just deal with us. We'll approve (or reject) your application, and we'll transfer the funds to your bank account, if your application is successful.
