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How To Increase Your Credit Score with CIBC: A Comprehensive Guide

If you're a CIBC client looking to boost your credit score, you're in luck. There are several methods to consider, each with their unique benefits. Whether you prefer online banking, the mobile app, or calling customer service, this guide will detail each approach to help you make an informed decision. Here's everything you need to know.

Increase Credit Score Through Online Banking

Online banking is a popular choice among CIBC clients due to its ease of access and convenience. Increasing your credit score through this platform is straightforward. Here's how:

• First, log into your CIBC online account. Ensure you keep your login details confidential to maintain the security of your account.
• Access your account management tool. This feature allows you to view credit report information.
• Review your credit utilization ratio. Experts recommend maintaining a ratio below 30%. If it's higher, try to pay off some of your outstanding balance.
• Set up payment reminders and automations. Ensure you always pay your bills on time to avoid hurting your credit score.

It's crucial to maintain safe online practices. Protect your data from fraud by avoiding public Wi-Fi networks when accessing your account and updating your password regularly.

Boost Your Credit Score Through the Mobile App

If you find any difficulty in using the online banking platform, CIBC's mobile app might be the answer. The mobile app simplifies banking processes, delivers real-time notifications, and serves up personalised banking tips. Here's how to boost your credit score through the app:

• Download the CIBC Mobile Banking App from Google Play Store or Apple App Store and log in with your account details.
• Go to the ‘Credit’ section to check the status of your credit utilization.
• Set up push notifications for bill payments, ensuring you don't miss your due dates.
• Make frequent and timely payments. Set up automatic payments to avoid late fees, maintain a good payment history, and thus enhance your credit score.

Contacting Customer Service for Credit Score Improvement

If you prefer human interaction or have specific questions, contacting CIBC's customer service is a great option. Here's how you can leverage this resource:

• Call the CIBC customer service line. Be ready with your personal information for verification.
• Ask about your account's status and possible ways to enhance your credit score.
• Follow their advice diligently, such as making regular payments, reducing your outstanding balance, or seeking professional credit counselling.

All in all, increasing your credit score with CIBC is a journey that requires patience, discipline and consistent effort. By leveraging online banking, the mobile app or customer service, you can improve your creditworthiness over time and enjoy the benefits that come with an improved credit score.