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Options to start paying down your debt

If you’re struggling to make payments on your CIBC products, explore our solutions and connect with our credit counsellors to improve your situation.

Consolidate your debt

Simplify your finances with debt consolidation

Convert your existing unsecured CIBC debts into a loan to ease your burden and allow yourself to focus on other priorities.¹

Make one monthly payment

Once you’ve consolidated your existing CIBC debts, you can make one convenient monthly payment and regain control over your finances.

Applicable to CIBC credit cards, lines of credit, loans and overdraft protection accounts.²

Pay with Points

Make payments with your Aventura Points^®

If you're past due on your CIBC Aventura® Visa* Card payments and have Aventura Points, you can use them to pay down your credit card balance.²

Applicable to CIBC Aventura Visa* Cards.²

Choose a flexible payment option

Manage your payments with our customized payment plan

We understand that situations can change. Call us now to create a payment plan. You may have the option to either pay a lump sum or make monthly payments.

Applicable to all CIBC credit cards.²

Work out a repayment plan

Bring your balance back to good standing with our minimum payment option

If you can’t meet your minimum payment requirements, don't worry — call us for help. You can make a smaller payment now and together we can create a repayment plan for your total balance.

Applicable to all CIBC credit cards, lines of credit, loans and personal lending products.

Mortgage solutions

Deal with unforeseen circumstances

If you’ve unexpectedly fallen behind on payments, our credit counsellors can partner up with mortgage specialists to evaluate your situation and explore possible options.

Applicable to all CIBC mortgage products.

Reminder about creditor insurance

CIBC Payment Protector™ Insurance for credit cards or creditor insurance for mortgages, personal lines of credit and loans can help in cases of a disability, involuntary job loss, critical illness or death.

To check whether you have CIBC Creditor Insurance:

Review your monthly statement for a premium charge
Visit a CIBC Banking Centre
Call the number on the back of your card

Learn more

Client Stories

Amisha’s story: Natural disaster

After a terrifying natural disaster, Amisha and her family were in dire need of help to piece their life back together.

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Alex’s story: Job loss

Alex made some mistakes and wound up living out his very own cautionary tale.

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A young woman being playful with her kid while preparing a fruit smoothie

Hua’s story: Immigrating to Canada

With 2 young girls to look after, Hua’s Canadian dream turned out to be more challenging than she anticipated.

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A well-dressed young man on the street, holding his coffee

Michael’s story: Student debt

Michael never would have thought that getting more education could impact his life so negatively.

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Manage your expenses and savings

Find the right debt solution

Take a minute to use our tool to discover the option that fits your case the most.

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Create a monthly budget to manage your expenses.

Set savings goalsOpens a new window in your browser.

Make it a habit to put a bit of money into a savings account regularly for a rainy day.

Need to talk?

Get in touch. We’re here to help.

Call us: 1-855-990-1011

Schedule a call

Options to start paying down your debt

Consolidate your debt

Simplify your finances with debt consolidation

Make one monthly payment

Pay with Points

Make payments with your Aventura Points®

Choose a flexible payment option

Manage your payments with our customized payment plan

Work out a repayment plan

Bring your balance back to good standing with our minimum payment option

Mortgage solutions

Deal with unforeseen circumstances

Reminder about creditor insurance

Client Stories

Amisha’s story: Natural disaster

Alex’s story: Job loss

Hua’s story: Immigrating to Canada

Michael’s story: Student debt

Manage your expenses and savings

Need to talk?

Make payments with your Aventura Points^®