Skip to content

Climb Accelerator Plan

Build Your Credit While Saving for the Future

If you’re in a consumer proposal — or recently completed one — you might be wondering:
  • How can I rebuild my credit score if I don’t qualify for a credit card or loan?
  • How much more will a car loan or mortgage cost if I can’t borrow from a bank?
  • How can I get out of my consumer proposal sooner, or save for the future?

Introducing Climb's

Accelerator Plan

The Climb Accelerator Plan is an easy way to:

Rebuild your credit score, using a proven method

Save for the future – simply, securely and easily

Make a plan to get out of consumer proposal early, so you can move on with your life

How does it work?

The Climb Accelerator Plan is simple:

Our fees are simple too.

You’ll only pay:

  • A set-up fee of $150 - $250 (depending on your savings goal)
  • A low interest rate of 8.99%

No hidden fees. No surprises. A 60-day no-risk guarantee.

With the Climb Accelerator Plan,
now you can…

  • Get help saving money.
    At the end of your plan, the money you’ve saved is yours.
  • Build your credit score.
    We report your good behaviour to the credit bureaus. Win, win.
  • Pay off your consumer proposal early.
    When your plan comes to an end, you can choose to put the amount you’ve saved towards your consumer proposal – getting you out of it sooner. It’s your money, it’s your choice.

The Not-So Fine Print

You have questions, we have answers

No one can provide a guarantee when it comes to credit ratings, but so far, 58% of customers with a similar product were able to bring their score up by more than 50 points and 18.5% were able to bring their score above 600 when they kept their account in good standing.

The interest fees you pay cover the costs of reporting your payments on a monthly basis to TransUnion and Equifax. The one-time set-up fee covers the costs of creating your account.

Your money is saved in a federally regulated account  that is designed for holding money and does not accumulate interest. 

You’ll receive a regular balance update on a quarterly basis via text and email. If you’d like to check your balance at any other time, you can call us at 1-844-500-9898.

Of course! Your money is your money. We offer a complete, 60-day no-risk guarantee to offer you peace of mind. If you wish to cancel after 60 days, you just pay the set-up fee.

We want to do everything we can to help you avoid missed payments (and their nasty NSF fees). We offer automated payment reminders and will happily reschedule a payment within the same payment period to make sure we have a positive payment to report. However, if you miss a payment and aren’t able to make it up within the same reporting cycle, we will have to report the missed payment to the credit bureaus.

Yes! You don’t need to be in a consumer proposal to apply for the Credit Accelerator Program. You can still take full advantage of its benefits, like build your credit and save for the future.

No, Climb offers short term secured savings loans and is not a credit repair service. The Climb Accelerator Plan may help improve a customer’s credit score by building a credit history, provided the customer’s payments are made in full and on time. While having a loan and honouring its obligations can help build credit, failure to meet repayment obligations will result in a negative report to the credit bureaus, which would reduce the customer’s credit score.

Learn More by
Requesting a Text

A popular choice is to pay $100 every month. But you could choose $40 every two weeks, or even $7 every week. The choice is completely yours.

For the best results, we recommend you maintain your plan for 2 to 5 years. However, you can cancel your plan, or access your money, at any time.

Set up pre-authorized payments and get handy reminders to help you never miss a payment. Need to reschedule a payment date? Simply contact us.

To build credit, you need to show you can make payments consistently. Doing so builds a positive payment history with the credit bureaus. We report to both TransUnion and Equifax.