When will Kikoff’s credit builder account show up on my report?
May 28, 2021
Kikoff’s credit builder works fast. Just how fast? Well, we report your account to the major credit bureaus within 30 days. In this post, we explain our monthly reporting schedule – and then walk through a helpful example.
How the Kikoff credit builder works
We report all active accounts to Equifax and Experian every month, at the end of the month. If it’s your very first month with Kikoff, we report your first purchase.
We report any and all payments and purchases made during the entire month. There’s no benefit or difference between making a purchase on the first or last day of the month.
Your first payment is due within 30 days after your purchase. You can make this payment as soon as you make your purchase!
Then, the credit bureaus process your information. Processing times can vary, but usually Kikoff will show up on your credit report within one week. Woohoo!
Rinse and repeat! Keep making your monthly payments, we keep reporting monthly, and you build payment history. It’s that easy.
Tips for how to build credit
To build positive credit history, make sure your account is active and in good-standing.
Active means you’re utilizing your credit line and have a balance of more than $0. To utilize your credit, make a purchase from the Kikoff Store.
Good-standing means you’re on-time for all your payments – in other words, you aren’t late on any payments!
Let’s walk through an example with Kikoff’s Credit Account.
Alex’s credit score has increased 55 points since opening her Kikoff account. She’s thrilled – but wants to keep building her credit to qualify for a lower interest mortgage.
Good news! Our Credit Account doesn’t expire, so Alex can keep building credit by renewing her Kikoff subscription. Her monthly cycle repeats, and she’s well on her way to her financial goals 🚀
Keep this in mind!
If you’re late on a payment, unfortunately we’re required to report that to the credit bureaus. Late payments can stay on your credit report for years – so please make sure you’re on-time! We’re here to help you never be late. Kikoff has AutoPay, and we also send you multiple payment reminders.
If you’re new to Kikoff, check out our FAQ for more information about our credit builder account. We’re excited to join you on your financial journey!