What does SPRINGLF FIN mean on my credit report?
Learn about SPRINGLF FIN, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is SPRINGLF FIN?
SPRINGLF FIN is shorthand for Spring Financia, with the company name being Spring Financia Inc
SPRINGLF FIN is a Creditor provider. They could be on your report for a number of reasons, for example:
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⚫ You missed a repayment.
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⚫ You opened an account with Spring Financia.
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⚫ You opened a credit card / loan / mortgage with this company.
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⚫ Someone fraudulently opened a credit line under your name.
About the account
The account is classified under the following METRO2 categories:
- ⚫ Secured
- ⚫ Auto
- ⚫ Auto Loan
- ⚫ Collection Agency/Attorney
- ⚫ Real estate
How do I contact them?
Here is the current contact details for Spring Financia:
Address:
- 555 Burrard St #505, Vancouver, BC V7X 1M8, Canada
Website:
Email:
Phone:
Payments
To make a payment, you can call Spring Financial at 1-888-781-8439 (toll-free), chat with them through their live chat, or email customerservice@springfinancial.ca. You can also make payments online or through a mobile app. If you use a check or money order, there is no discount for automatic payments, but there are penalties for late or missed payments. You can also make a payment using a prepaid debit card or wire transfer.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | No |
| Can I make payments over the phone? | Yes |
| Can I make payments online? | Yes |
| Do they offer a discount for automatic payments? | No |
| Can I make a payment using a mobile app? | Yes |
| Can I make a payment using a prepaid debit card? | Yes |
| Can I make a payment using a wire transfer? | Yes |
Forgiveness and Cancellation
Spring Financial does not offer loan consolidation nor loan forgiveness.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
You can apply for a loan online through Spring Financial. They offer credit building, cash advance, loans, and mortgages with various requirements. You must have an active account with a bank or financial institution, as approved by Spring Financial, and a valid government-issued Canadian ID to qualify. The Foundation is available in all provinces except Saskatchewan, Quebec, and New Brunswick. You can apply for a loan with a cosigner by qualifying for a personal loan, mortgage, or evergreen loan product with Spring Financial.
| Question | Answer |
|---|---|
| Can I apply for a loan online? | Yes |
| Can I apply for a loan over a phone call? | No |
| Can I apply for a loan in person? | No |
| Can I apply for a loan using a mobile app? | Yes |
| Can I apply for a loan with a cosigner? | Yes |
SmartCredit Report Example
- This is an example of what this creditor will look like on your SmartCredit report.
Will this affect my credit score?
Whether this account affects your credit score depends on a variety of factors, such as:
- Account Open Date: If you opened this account recently it will impact your credit, the only way to prevent this from impacting your credit score is to remove the account from your report.
- Derogatory Markings: If this account has any derogatory markings such as:
Lates, Charge Offs, Collections and others.
However, there are could be some potential positive aspects to this account which could lead to improving your credit score, such as:
- Account Age: If your account is quite old, then the age of it will positively impact your credit score
- Repayment History: If the account has no
Late Payments, Charge off Payments, then it may reflect a positive impact onto your credit score.
Can it be removed from my credit report?
Yes, with the right strategy, you will be able to remove any account from your report. But you have to be careful to ensure that the account is negative to begin with, or it will negatively impact your credit score.
However, removing a negative account will positively impact your credit score, allowing you to open new credit lines and potentially removing bad debt.
How do I remove SPRINGLF FIN from my credit report?
You can send a dispute letter to the credit bureaus to remove this account from your report. You must send a dispute letter to all three credit bureaus, as they are legally required to remove the account from your report if it is found to be inaccurate. For best results you should send a dispute letter to the credit bureaus via certified mail, this will ensure that you have a legal record of the communication.