Kikoff is considered an ‘unsecured personal installment loan’. This is the best type of low-risk loan for building credit.


Let’s break down what this means:

  • ‘unsecured’ simply means that you aren’t putting down any type of asset or collateral in exchange for the loan. For example, a house or a car.

  • ‘personal’ means it can be used for any personal reason and isn’t tied to a specific purpose. Unlike, say, a mortgage loan which is specifically for a house. 

  • ‘installment’ means it is paid back with fixed payments — or installments — over a period of time, or term. Terms can be as short as two weeks or as long as 30 years. Your Kikoff loan term is 12 months.


Your Kikoff loan will show up on credit reports under “Kikoff Lending, LLC