Climb CreditReviews of climbcredit.com

**𝐓𝐨 𝐚𝐧𝐲𝐨𝐧𝐞 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐢𝐧𝐠 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐧𝐠 𝐚 𝐜𝐨𝐝𝐢𝐧𝐠 𝐛𝐨𝐨𝐭𝐜𝐚𝐦𝐩, 𝐯𝐨𝐜𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐬𝐜𝐡𝐨𝐨𝐥, 𝐨𝐫 𝐜𝐚𝐫𝐞𝐞𝐫-𝐭𝐫𝐚𝐢𝐧𝐢𝐧𝐠 𝐩𝐫𝐨𝐠𝐫𝐚𝐦 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝐂𝐥𝐢𝐦𝐛 𝐂𝐫𝐞𝐝𝐢𝐭: 𝐈𝐭'𝐬 𝐡𝐢𝐠𝐡𝐥𝐲 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐞𝐝 𝐭𝐡𝐚𝐭 𝐲𝐨𝐮 𝐫𝐞𝐟𝐫𝐚𝐢𝐧 𝐟𝐫𝐨𝐦 𝐬𝐢𝐠𝐧𝐢𝐧𝐠 𝐚 𝐥𝐨𝐚𝐧 𝐚𝐠𝐫𝐞𝐞𝐦𝐞𝐧𝐭 𝐰𝐢𝐭𝐡 𝐂𝐥𝐢𝐦𝐛 𝐂𝐫𝐞𝐝𝐢𝐭 𝐚𝐬 𝐭𝐡𝐞𝐲 𝐚𝐫𝐞 𝐚 𝐟𝐫𝐚𝐮𝐝𝐮𝐥𝐞𝐧𝐭 𝐜𝐨𝐦𝐩𝐚𝐧𝐲.** Climb Credit's public regulatory history raises serious questions that prospective borrowers should investigate before committing to a loan. This warning is based on official records published by the Consumer Financial Protection Bureau (CFPB), including a federal enforcement action and the resulting court order. The purpose is to make this information accessible to consumers who might otherwise never discover it before taking on thousands of dollars in debt. 1. A federal regulator took Climb Credit to court On October 17, 2024, the CFPB filed a lawsuit against Climb Credit and related entities concerning their lending practices for vocational education programs, including coding bootcamps. The CFPB alleged that Climb Credit and related entities misrepresented how thoroughly they evaluated partner schools and educational programs. The allegations concerned representations about educational quality, graduate employment outcomes, salaries, and the evaluation of programs financed through their lending business. The CFPB also alleged problems with certain loan-cost disclosures, including the treatment of origination fees in finance charges and the disclosure of annual percentage rates in certain marketing materials. These were formal allegations brought by a federal consumer financial regulator—not simply negative reviews posted by unhappy customers. The official case information is available here: LINK 2. Thousands of consumers were affected by alleged disclosure problems One particularly significant issue in the CFPB case concerned origination fees. According to the CFPB, at least 15,000 consumers received final Truth in Lending disclosures that did not include origination fees in the finance charge, involving more than $6 million in undisclosed finance charges. Why does this matter? Because the cost of borrowing is not limited to the amount a student initially receives or the monthly payment displayed during enrollment. Consumers need accurate information about the annual percentage rate (APR), finance charge, origination fees, amount financed, and total repayment obligation. When a required charge is omitted from a disclosure, consumers may not receive an accurate picture of the cost of credit. That is why prospective borrowers should never assume that the advertised price or monthly payment tells the entire story. Read the final loan disclosures and compare them with what you were told during enrollment. The CFPB's allegations are documented in its official enforcement records. Consumers should check their own agreements rather than assume that every loan has the same issue. 3. The case resulted in a court order and a $950,000 civil penalty The CFPB's enforcement action resulted in a stipulated final judgment and order entered on December 6, 2024. The order imposed a $950,000 civil money penalty and included restrictions concerning representations about educational program quality, graduate outcomes, and the extent to which Climb Credit evaluates or vets educational programs. The order also required specified disclosures warning consumers not to rely on Climb Credit to identify quality educational schools and programs. The court record further lists a $6.618 million redress judgment that was suspended based on a demonstrated inability to pay. That amount is distinct from the $950,000 civil penalty. These details can be checked directly through the CFPB: LINK This is an important distinction: the case resulted in a formal court order, not merely a warning or an informal discussion with a regulator. Consumers deserve to know about that history when evaluating a lender. 4. Do not confuse financing approval with a guarantee of educational quality One of the most important lessons consumers can take from this case is that financing availability should not be treated as proof that a school will deliver the educational or career outcomes a student expects.

Climb credit teams up with the bogus “school” Front End Simplified to target young adults with the promise of jobs instantly paying $60000 a year right after completing their program and locks them into high interest loans without co-signers. This should be against the law. They talked my daughter into a 15.99% interest loan who is a 20 year old full time student at a real university with a part time minimum paying job and has vertically no credit history we found out too late and now we have to pay the loan off so she’s not paying this off forever. Not smart on her part but there’s no way she shouldn’t of had a co-signer which would of been us and we could have explained why it wasn’t a good idea

I rarely write reviews, but Climb Credit earned this one. Earlier this month, I made my July payment before my scheduled automatic payment date. Despite the fact that my July payment had already been made, Climb Credit still withdrew another $200 from my checking account through my recurring automatic payment. I immediately called customer service and explained that July had already been paid. I simply wanted my duplicate payment returned. The representative repeatedly told me there was nothing that could be done. After hearing the same answer over and over, I asked to speak with a manager. The manager, Travis, came on the line and started nearly every response with, "Yeah, I understand..." I explained that because Climb Credit had taken an extra $200 from my checking account, I could not pay my health insurance premium. I told him it was imperative that I get my money back. His response? "Yeah, I understand... Climb Credit does not offer refunds on active accounts." Then... "Yeah, I understand... there's nothing I can do." Over and over. If you truly understood my situation, you would understand that your company had taken money from my checking account that should never have been withdrawn in the first place. I asked why Climb Credit's payment system could not recognize that my July payment had already been made. Every other company I make early payments to is capable of recognizing that the month's payment has already been received and does not withdraw another payment. Only then was I told that if I make an early payment, I have to call Climb Credit so someone can manually stop the automatic payment. I asked where customers are told that. I had already called when I set up my recurring payments, and no one ever told me that making an early payment could result in another automatic withdrawal unless I called again. So let me get this straight... Your payment system can't recognize that the current month's payment has already been made. Your solution is to expect customers to know they must call every time they make an early payment. Then, when your system takes another $200 anyway, your manager repeatedly says, "Yeah, I understand," while explaining why Climb Credit refuses to return money it should never have taken. That isn't customer service. That's a company refusing to fix a problem of its own making. I will never recommend Climb Credit to anyone.

Climb credit suddenly showed up on my credit history. They sent an email to my employers address that they were going to start taking over $200 from my account by July. Problem is, I had never even heard of climb credit and if I had taken out any loan, it would have been through my personal email and NOT my work email. Be careful people and constantly be checking your credit score and watching for fraudulent activity. And like so many others have stated, they are almost impossible to get in contact with.

Very janky and unprofessional company. When I accidentally submitted the wrong date for a payment. I started receiving letters about it immediately and no one would reverse the NSF FEE. But, now that I have paid the loan off no one wants to mail me a zero balance letter. Terrible and so is the corny fraudulent Great Learning school in India that I borrowed money from CLIMB for.

Climb credit union out of Colorado Springs Colorado has jacked my account so many times on my auto loan. They have double pulled numerous times they have pulled after doing ski pays. They are ridiculous. They don’t reply to your emails. They don’t fix anything. I’ve been asking for over two years, they have my phone number updated and they still haven’t done that this place is a friggin joke at this point. I would take Wells Fargo over Climb credit union run. Do not accept any offers from this POS establishment.

I was enrolled into a loan with Climb Credit through a partnership with Achieve Test Prep, and the experience felt incredibly misleading. I was under the impression I was signing up for educational services—not a loan for over $11,000 with 23% interest. I was rushed through the process, never saw a full contract, and was only asked to click a checkbox (or the rep may have done it for me). I was not given time to understand what I was agreeing to, and no funds were disbursed to me directly. When I realized what happened, I immediately tried to cancel but was denied. I never received any services. I had to dispute the charge with my bank to get my money back. This whole process felt deceptive, predatory, and extremely unprofessional. I would not recommend working with Climb Credit or Achieve Test Prep without thoroughly reviewing every detail. I’m filing complaints with the CFPB and BBB as well.

The worst decision I have made in my life was take a loan from climb credit. They have literally destroyed my entire life. I took a loan which the funds were never received by the school or me. I cancelled the application, they acknowledged it and yet reported me for not paying for a loan I never ever received. My credit score is down the drain, I can’t reach climb credit on phone, the email is not being replied and I am left drowning in my tears on a decision I made thinking it would make my life better. I need help! Never ever use Climb credit. Please run!