Creditspring 2nd Loan – Can You Borrow With a CCJ?

Creditspring was founded by two former bankers with a mission to provide alternatives to payday loans. The company says it aims to make borrowing easier, safer and cheaper for those who might otherwise use such payday-style products. Its loans don’t carry interest but the company makes its money by charging membership fees.

To borrow from a credit spring 2nd loan, you must become a member and pass credit and affordability checks. The company also reports members’ repayment performance to credit agencies. It’s possible to join with a CCJ on your record, but you must be able to prove that it has been paid off in full.

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Once you’re a member, you can borrow twice per year. The loan amount will depend on the tier you’re in. For example, the core tier lets you borrow up to 250 pounds, while the plus tier allows you to borrow twice that amount. You’ll pay back each loan in six monthly payments. Creditspring claims this works out at less than 1/6th the cost of a payday loan.

If you’re interested in joining, you can check your eligibility via the Creditspring website. You’ll need to provide your name, address and income details. You’ll also need to agree to a hard credit check. The application process is quick and easy, and you can get in touch with Customer Support by telephone or online form at a time that suits you. You can also raise general enquiries, payment queries or complaints online.

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