Creditspring

Creditspring provide an easy solution to borrowing money, by scrapping interest rates and instead having a monthly membership fee. This gives you access to borrowing money up to twice a year, depending on the product you’ve chosen.

The arrangement means you don’t have to reapply for credit for a second time, giving you two lots of top-ups over a 12-month period. Whilst being an unconventional way of borrowing, this still allows you to effectively borrow two short-term loans without having high interest charges attached.

How does it work?

• Check your eligibility – use Creditspring’s eligibility checker to see if you would eligible to be a member
• Decide how much you’d like to borrow – you can choose to borrow a total of £500 or £1000 during a 12-month period, with differing membership fees to pay
• Borrow on demand – you can borrow money on-demand and repay over the course of 6 months. For example, if you’ve chosen to borrow £1000, you have two instances to borrow £500 during the year and start making repayments at 0% interest

Why choose Creditspring?

• Easy alternative to a short-term loan
• Less risk as there are no additional interest charges
• Transparent way of borrowing
• Cancel at any time, as long as you have repaid what you have borrowed