Your Kikoff loan will show up on your credit report under “Kikoff Lending, LLC” as 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.