Climb Credit Review: 2018

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Take control of your credit score

Climb Credit is one of our favourite credit building programs. With the Climb Credit Builder program you can stop worrying about how your credit score is affecting your life and focus on rebuilding your credit while saving!

An improved credit score can make a huge difference in your life, from your interest rates on personal loans to being approved for credit cards, mortgages, even for renting apartments and homes.

In addition, you will be not only rebuilding your credit score but building a savings account that you can use for anything from a vacation to a renovation to saving for a downpayment on a house or car.

Increase my credit score!

  • Build credit and save money at the same time
  • Increase your score by over a 100 points in 18 months
  • If you have poor credit or have little to no credit history – this is for you!

Best things we like about Climb Credit


Build credit while you save!


If you have poor credit or have little to no credit history – this is for you!


This building program can help repair the damage done by bankruptcy, consumer proposal and credit counselling

What is the Credit Building Program?

The Credit Builder Program holds the amount borrowed in a bank account while you make payments and build credit. When the account is paid off, the money is released to you.
With the Credit Builder Program, you do not receive cash up-front, however you can access your savings during the term of your loan based on the amount of equity you’ve accrued. You can build up savings and reach your financial goals using flexible payment options.

How Climb Credit Works:

Climb approves you for a loan, but instead of the funds going directly to you they are held in a secure trust account. As you pay off the loan with small bi-weekly payments we send payment reports to the credit bureau which in turn gives you the chance to establish a positive payment history. Once you have paid off the loan the funds are released from the trust account and deposited right into your bank account.

When will this show up in reports from the Credit Bureau?

Climb will send monthly reports to both TransUnion and Equifax as an active installment tradeline to help build your credit score as quickly as possible. Once a payment is made, it can take up to 60 days to appear in your file.

Why is my Credit Score so Important Anyway?

Simply put, it is your credit score that determines whether you can be approved loans and what interest rate you will pay.

It is possibly one of the most important numbers in your life. Credit scores range from 300 -850, the higher the score the better your credit.

Benefits of a high credit score

  1. You are more likely to have applications approved. Your credit score is a representation of your creditworthiness (basically how good of a borrower you are). Lenders look at your credit score to determine whether they should lend to you, the higher your score, the lower the risk is to the lender and the higher your chances of being approved for a loan.
  2. No interest on your credit card balances.
  3. You will qualify for lower interest rates.


Can I apply if I am in bankruptcy or in consumer proposal?

Yes, this is a great time to start rebuilding your credit so you can be approved for a loan in the future

Can I apply if I am new to Canada?

Absolutely you can, this is one of the fastest ways to establish credit in Canada

Compare these personal lenders if you have poor credit

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