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Lender
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Climb Credit

Finanso.Multilogin™

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.

FAQ

What is Climb Credit?

Climb Credit is a hub between lenders, borrowers, and the company's partner institutions, enabling borrowers to improve their credit scores through legal means. The company also submits reports to two credit bureaus. In addition, the company provides counseling services on credit score issues, consumer proposals, credit acceleration plans, debt management, credit cards, and budgeting to help clients improve their credit scores and solve financial problems. The company is officially registered in Canada and works in consumer finance.

Who owns Climb Credit?

According to public sources, Climb Credit is a private company. Its main line of business is consumer services. More information about UBO and shareholders is not available to public authorities but can be obtained directly from the company.

How does Climb Credit work?

Climb Credit offers the initial consultation by phone. The duration of the initial consultation is 30 minutes. The application for the consultation should be made online by clicking on "Get started." There is a registered office staffed by real people and a phone line for counseling services.

How do I contact Climb Credit?

One can call Climb Credit toll-free at:

1 844 500 9898 during business hours from 9:00 a.m. to 7:00 p.m. EST.

Mail to: 82A Lakeshore Rd E Mississauga, ON

The company's contact form is the third contact option available in public sources. You can find it in the Contact Us section at the very bottom of the website.

 

Company documents

Privacy Policy
Terms and Conditions

Let's get you on the path to being your best financial self!

© Climb Credit Inc.

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What to pay attention to when applying for a loan from Climb Credit

  1. The company must have a license if it runs business in Alberta, British Columbia, Manitoba, Ontario and Quebec.
  2. You can check the availability of the relevant license (copy) at the branch of the lending company.
  3. Membership in a self-regulatory organization (SRO) is an additional guarantee of the reliability of the lending company. This information can also be checked at the company's branch or on its official website.
  4. Availability of lending policies.
  5. The procedure for applying for a loan.
  6. The procedure for concluding the loan agreement and receiving the payment schedule.
  7. Other conditions for granting loans.

We recommend

  1. To check out the interest rates and frequency. 
  2. Check the availability of individual terms in the loan agreement (principal amount, term, date of advance, etc.).
  3. Check whether the loan agreement contains information about the total cost of borrowing.
  4. Take time to think – you can change your mind before agreeing or signing a loan agreement.
  5. Speed of loan processing.
  6. Accessibility – alternative lenders often operate where there are no bank branches.
  7. For the borrower - high interest on the loan.
  8. For an investor, the safety of funds is not guaranteed by the state.

What distinguishes Climb Credit from banks:

  1. Simplicity - loan processing is less formalized than in a bank.
  2. Fast loan processing.
  3. Accessibility.
  4. For the borrower - high interest on the loan.
  5. For an investor, the safety of funds is not guaranteed by the state.
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