Line of Credit – Understanding repayment, fees, and use
DreamSpring’s Power Line of Credit carries an annual fee equal to one percent (1%) of the total credit line. This annual fee is assessed on the anniversary of the effective date of the loan agreement until the line of credit is in repayment.
To provide the best rates and terms for our clients, DreamSpring may require collateral for loan approval.
Effective July 20, 2024 DreamSpring offers uncollateralized options for applicants seeking less than $20,000 and with credit score above 650.