Is the Secured Future Savings Plan a cash loan?

Alex England

Last Update 3 years ago

The Secured Future Savings Plan is NOT a cash loan. If you’re looking to begin a savings fund using your own money and improve your credit score along the way, this plan is for you. Making monthly payments to the Secured Future Credit Plan helps you get in the habit of saving and prioritizing making your debt payments on time. Once you’re ready to obtain a loan product in the future, you will have developed good payment habits and a good credit score. And a good credit score allows you to get favourable interest rates for any future loan products, too. A win, win!

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