About lender
Climb Credit is a Canadian company that provides Credit Consultation services to individuals to help them work better with lenders or rebuild their credit through its Accelerator Plan. This product allows its clients to save money in the form of an installment loan on their credit reports. Thus, one puts aside cash, and Credit Climb reports the payments to TransUnion or Equifax.
Climb Credit's philosophy is that things can be changed for the better if you do your part and learn what right things need to be done. Climb Credit employs financial professionals who will take you by the hand and provide expert advice. Everyone who wants to rebuild their credit is eligible.
Features
Climb Credit is not a traditional lender but a kind of credit repairer and financial trainer. The Company states that it does not push its products on customers and instead offers expert credit improvement advice. The advice you are promised is not common knowledge information but is specific to your situation. Climb Credit works with ethical tools and aims to ensure that clients legally achieve their credit goals.
The most important feature is that anyone who wants to save with Credit Climb is eligible.
The company has a good reputation as a competent advisor in lending and credit improvement.
Pros and cons
If you already have problems with your credit score and are worried about what will happen in the future, you have to be very careful to balance the situation. Since credit score is not something you can keep to yourself, you should either listen to competent advice when applying for a loan from a lender other than payday or rebuild it if it is less than perfect. Before entrusting your credit situation to an organization, it is advisable to check and weigh the pros and cons of such cooperation.
Pros
you can save money with Climb Credit;
everyone is eligible for the Acceletar Plan;
many years of experience in credit score improvement consulting;
personalized solutions;
only legal instruments are proposed;
a good representation of Climb Credit in the market;
professional team that advises the company's clients;
they provide a clear step-by-step plan that is easy to follow;
the company helps as a backup if something goes wrong, to postpone the loan payment date to a later date if something extraordinary happens and you know that you can not pay the scheduled installment on time;
such mentoring helps you learn how to stay on track with your loan repayment;
free subscription to use tips for almost one year available for free;
the company offers its financial education blog with helpful information to help manage personal finances more efficiently;
the company assists at every stage of the consumer application process to get the best results for you;
partnership with Ep Financial, opening the door to brand new credit cards accepted everywhere Visa is accepted;
Every good offer has a second side, with things considered a disadvantage for someone. That is why it is always worth taking a critical look and deciding if this cooperation is the best option for you
Cons
There is no information about how many counseling sessions you receive to reach your credit goals;
clients' data may be disclosed to third parties in cases that are not clearly described in open sources;
there is no live chat support for the customers;
it's not entirely clear what eligibility criteria will be used for potential Credit Consultation customers. The only thing known from the open sources is that the person must be of legal age; the service is offered only in Canada.
as one of the auxiliary tools, the company can offer a secured credit card, where one has to pay a deposit of $300, but it is gaining no interest;
Climb Credit reports fulfilled not only payments but also the failed ones;
The advantages of the company's services are flexibility, resulting in orientation in improving customers' credit scores, and the possibility to quickly open a new credit card to improve the credit score. The unknown number of consultations, eligibility criteria, and conditions for the second and further consultations could be considered a disadvantage.
Conditions
Anyone can help with the Climb Accelerator Plan.
However, there is no clear information about the eligibility criteria for Credit Consultation. So, for this potential customer, the lender's credit criteria should be met:
Maturity age;
Ability to pay.
Note: the Company itself is not a lender.
The company’s website does not publish information on interest rates or fees it charges.
