SpringFour Survey Finds: LMI Families Require Extra $4,000 to Stave Off Emergencies

Leverage Our Proven Track Record to Drive Results.

 

Leverage Our Proven Track Record to Drive Results.

 

SpringFour Impacts

Improve Loan Performance

Customers are 10% more likely to remain current on their payments after receiving referrals from SpringFour.

Reduce Expenses

A typical customer who receives SpringFour resources reduces their expenses by $250 a month, leading to improved cash flow and savings.

Ensure Success

Customers are 2x more likely to engage in foreclosure prevention efforts after receiving SpringFour referrals.

Enhance Customer Experience

98% of users agree that SpringFour helps them to provide better customer experiences.

Empower Employees

95% of users agree that using SpringFour helps them feel better about the work they are doing.

Case Studies

Our clients are leveraging the power of SpringFour to deliver results.

Building Credit by Building Partnerships: A SpringFour and Self Case Study

When SpringFour and Self began working together in 2019, it was due to a mutually-held belief: Credit and savings are necessary, but not sufficient, for lower-income families to build financial health. SpringFour and Self recognize that these families also need empowerment, product choice, and assistance. To learn more about how Self and SpringFour worked together to connect financial resources to financial products, read our case study.

READ THE CASE STUDY

Building Credit by Building Partnerships: A SpringFour and Self Case Study 

When SpringFour and Self began working together in 2019, it was due to a mutually-held belief: Credit and savings are necessary, but not sufficient, for lower-income families to build financial health. SpringFour and Self recognize that these families also need empowerment, product choice, and assistance. To learn more about how Self and SpringFour worked together to connect financial resources to financial products, read our case study.

READ THE CASE STUDY

Partnering Through a Pandemic: A Case Study of OppLoans and SpringFour

OppLoans and SpringFour became acquainted in October of 2018 and recognized a kindred spirit in one another as mission-aligned companies focused on creating unique solutions that improve consumers’ financial lives.  During the COVID-19 pandemic, the two companies quickly banded together to create a response to the pandemic to help families in critical need of resources. 

READ THE CASE STUDY

Partnering Through a Pandemic: A Case Study of OppLoans and SpringFour

OppLoans and SpringFour became acquainted in October of 2018 and recognized a kindred spirit in one another as mission-aligned companies focused on creating unique solutions that improve consumers’ financial lives.  During the COVID-19 pandemic, the two companies quickly banded together to create a response to the pandemic to help families in critical need of resources. 

READ THE CASE STUDY

Helping Families Weather Financial Hardship: BMO Harris Bank Partners with SpringFour

Living up to their respective taglines, “we’re here to help,” and “your partner in financial wellness,” BMO Harris and SpringFour have forged a powerful partnership that helps individuals and families in times of financial hardship. SpringFour believes that when consumers can’t pay a bill or are living paycheck to paycheck, they need direction to local resources that can help.

READ THE CASE STUDY

Helping Families Weather Financial Hardship: BMO Harris Bank Partners with SpringFour

Living up to their respective taglines, “we’re here to help,” and “your partner in financial wellness,” BMO Harris and SpringFour have forged a powerful partnership that helps individuals and families in times of financial hardship. SpringFour believes that when consumers can’t pay a bill or are living paycheck to paycheck, they need direction to local resources that can help.

READ THE CASE STUDY

A win-win-win! When SpringFour and LendUp Partnered, Everybody Won

LendUp is using technology to offer short-term loans to those who need help in a transparent and innovative way. By partnering with SpringFour, LendUp’s customers can now find additional savings opportunities to address financial challenges through referrals to local nonprofit and government agencies that offer programs and resources that may be of help in areas such as utilities, prescription drug savings, and childcare resources.

READ THE CASE STUDY

A win-win-win! When SpringFour and LendUp Partnered, Everybody Won

LendUp is using technology to offer short-term loans to those who need help in a transparent and innovative way. By partnering with SpringFour, LendUp’s customers can now find additional savings opportunities to address financial challenges through referrals to local nonprofit and government agencies that offer programs and resources that may be of help in areas such as utilities, prescription drug savings, and childcare resources.

READ THE CASE STUDY

U.S. Bank Partners with SpringFour to Improve Services to Customers and Enhance Loan Performance

The U.S. Bank partnership with SpringFour is a model for how financial institutions can deliver financial health resources and benefits for their customers, employees, and the bottom line. Read the full report to find out how U.S. Bank has seen enhanced customer service, increased participation in foreclosure prevention activities, and increased repayment rates.

READ THE CASE STUDY

WATCH THE VIDEO

U.S. Bank Partners with SpringFour to Improve Services to Customers and Enhance Loan Performance

The U.S. Bank partnership with SpringFour is a model for how financial institutions can deliver financial health resources and benefits for their customers, employees, and the bottom line. Read the full report to find out how U.S. Bank has seen enhanced customer service, increased participation in foreclosure prevention activities, and increased repayment rates.

READ THE CASE STUDY

WATCH THE VIDEO

Consumer Success Stories

See how our clients have helped their customers achieve financial wellness.

 

$3,000 SAVED

Home Repair Grants to the Rescue

Through SpringFour, Vincent* was able to get his home repaired and received grants to cover the costs of several thousand dollars. Vincent’s* home desperately needed repairs that he could not afford. His quality of life was negatively impacted and he was starting to get notices of code violations from the city. Not knowing where to turn, he called a SpringFour subscriber to see if he had any options. She reviewed his situation and quickly provided SpringFour referrals for local home repair programs.

*Customer’s name and photo have been changed to protect customer’s privacy.

 

Catching up on Car Loan Payments

Sheila* called her lender, a SpringFour subscriber, in great distress after falling behind on her auto loan payments. The Agent she spoke with was able to provide local SpringFour referrals in a variety of areas to get her financial life back on track. After following through on these referrals, and catching up on payments, she called her lender back to let them know just how thankful she was. She had never had a financial institution provide help like this before.

*Customer’s name and photo have been changed to protect customer’s privacy.

$2,500 SAVED

Alternative to High Fee Loans

Stacie* was not able to afford her monthly bills and was falling further behind each month. Her income had taken a significant hit over the previous months and she was utilizing payday loans that were affecting her negatively. She received SpringFour referrals and after reaching out to these resources, was able to find food savings, prescription savings, and an Energy Assistance grant. In total she is saving about $230 a month, or $2,760 per year.

*Customer’s name and photo have been changed to protect customer’s privacy.

$900 SAVED

Prescription Costs on a Fixed Income

Getting by on an extremely tight budget with a fixed income from social security, Diane* was overwhelmed by her prescription expenses. She was not always filling all of her prescribed medications because the copays were too high for her to cover each month. She called a SpringFour subscriber, and received referrals through SpringFour for prescription programs and a local senior center. From these referrals she was able to get prescription vouchers to cover her copays at $80+ a month, saving more than $950 annually. Diane is now able to fill all of her prescriptions each month and can spend a bit more on food and other necessities.

*Customer’s name and photo have been changed to protect customer’s privacy.

 

$3,000 SAVED

Home Repair Grants to the Rescue

Through SpringFour, Vincent* was able to get his home repaired and received grants to cover the costs of several thousand dollars. Vincent’s* home desperately needed repairs that he could not afford. His quality of life was negatively impacted and he was starting to get notices of code violations from the city. Not knowing where to turn, he called a SpringFour subscriber to see if he had any options. She reviewed his situation and quickly provided SpringFour referrals for local home repair programs.


*Customer’s name and photo have been changed to protect customer’s privacy.

Catching Up on Car Loan Payments

Sheila* called her lender, a SpringFour subscriber, in great distress after falling behind on her auto loan payments. The Agent she spoke with was able to provide local SpringFour referrals in a variety of areas to get her financial life back on track. After following through on these referrals, and catching up on payments, she called her lender back to let them know just how thankful she was. She had never had a financial institution provide help like this before.


*Customer’s name and photo have been changed to protect customer’s privacy.

 

$2,500 SAVED

Alternative to high fee loans

Stacie* was not able to afford her monthly bills and was falling further behind each month. Her income had taken a significant hit over the previous months and she was utilizing payday loans that were affecting her negatively. She received SpringFour referrals and after reaching out to these resources, was able to find food savings, prescription savings, and an Energy Assistance grant. In total she is saving about $230 a month, or $2,760 per year.


*Customer’s name and photo have been changed to protect customer’s privacy.

 

$900 SAVED

Prescription Costs on a Fixed Income

Getting by on an extremely tight budget with a fixed income from social security, Diane* was overwhelmed by her prescription expenses.  She was not always filling all of her prescribed medications because the copays were too high for her to cover each month. She called a SpringFour subscriber, and received referrals through SpringFour for prescription programs and a local senior center.  From these referrals she was able to get prescription vouchers to cover her copays at $80+ a month, saving more than $950 annually. Diane is now able to fill all of her prescriptions each month and can spend a bit more on food and other necessities.


*Customer’s name and photo have been changed to protect customer’s privacy.

 

Certified and Dedicated to Impact

As one of only 2,200 organizations worldwide that have been designated as a Certified B Corporation, SpringFour has been certified as having met high standards of transparency, accountability, and performance. This helps guide us in our mission to help those living paycheck to paycheck by providing the resources they need to get back on track.

Learn more about Certified B-Corporation Certification

Ready to get started?

Create impact for your customers, employees, and business bottom line with SpringFour.

Awards and Recognition

               

 

 

 

 

 

 

                              

GET IN TOUCH

For all inquiries:
866-732-2246

Chicago Office at 1871
222 Merchandise Mart Plaza Floor 12

JOIN OUR COMMUNITY

STAY UP TO DATE WITH SPRINGFOUR