What is the Kikoff Credit Builder Loan, and how does it work?

Modified on Tue, 14 Mar 2023 at 01:03 PM

The Credit Builder Loan is an optional add-on service for the Kikoff Credit Account that helps you save money and build credit at the same time. 


Here’s how it works: the customer pays Kikoff $10 each month for a year, and Kikoff reserves the funds for you while reporting to the credit bureaus as if you’re making payments on a loan. At the end of the “loan,” we return the full amount of all of your payments back to you! When it’s completed, you can put the $120 in your savings account.

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select atleast one of the reasons

Feedback sent

We appreciate your effort and will try to fix the article