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.

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