Kikoff’s goal is to make building credit fair, effective, and simple. Kikoff’s products are transparent and accessible--no interest, no fees.
Our credit-builder product is called Kikoff Credit, it’s a $500 revolving line of credit that helps you build credit in multiple ways. See our other FAQs to learn more!
Good credit opens doors. It can help you get that car loan or apartment lease. It can even save you money with lower interest rates.
The Kikoff Credit Account gives you a $500 revolving line of credit. This type of credit doesn't have a fixed number of payments, so you get even more capacity and flexibility in building your credit.
With the Credit Account, you can make purchases from the new Kikoff Store! Think of it like a credit card, but there are no interest, no fees, AND we help you spend responsibly.
We’re always working on new credit-building features to improve your experience. Stay tuned for increased credit limits and even more purchase options. Just remember, the better you are paying back what you borrow, the better it looks on your credit score.
Kikoff is NOT a pull on your credit.
Kikoff believes in helping you build credit easily so that you can reach those larger financial goals, like buying a car or a house.
We don’t check your score, we just help you build it.
The $12 loan is our old product, we're no longer taking new sign ups. If you already have a $12 loan, don't worry, it's still active and reports monthly to Experian. Kikoff will continue to report all $12 loans to Experian monthly, until your loan is either fully paid off or closed.
Please remember to continue to make on-time monthly payments. Keep in mind that AutoPay is only available for the Credit Account – you will need to log in to make each monthly payment on the $12 loan.
Note: Equifax is no longer reporting personal installment loans under $350 on their consumer credit reports. Unfortunately, that includes Kikoff’s $12 loan. Kikoff will continue to show up on Experian reports. See our FAQ for more details.
Kikoff is an official data furnisher for Equifax and Experian. We report all customers’ monthly payments to Equifax and Experian.
Most lenders check two bureaus and mortgage lenders are required to check all three bureaus, so our members are well-covered.
We work closely with all the bureaus and are constantly improving our services, so keep in touch for more updates!
Credit utilization refers to how much of your credit limit you use at any given time. You can figure out your credit utilization rate by dividing your total account balance by your total credit limit. We calculate this for you and you can see your credit utilization directly on your Kikoff Dashboard.
Most experts recommend keeping your overall credit card utilization below 10%. Lower credit utilization rates suggest to creditors that you can use credit responsibly.
Payment history makes up 35% of your credit score. It looks at whether you’ve paid past credit bills on time. This is the single most important factor in your credit score.
We’ll report your monthly payments with the Credit Account to the major credit bureaus. Each one builds your payment history--and your credit.
It can take up to 6 weeks for Kikoff to show up on your credit report depending on when in the month you signed up. Kikoff reports everyone’s payments at the end of every month. After that it can take up to 2 weeks to be processed and added to your credit report.
We help you keep track of your score by having it available on your account. We'll also email you with any updates. Just keep checking in, and remember it's about the long haul!
Kikoff is currently available in 45 states and covers 97% of the US population. We are working hard to be available in all 50!
We are currently NOT available in in the following US states:
Of course! Your debt is your debt, and you should be able to settle it whenever you want.
Our goal is to improve your credit history, so we encourage you to pay over time. But if you need to pay the full balance early, you can do so directly on your Kikoff dashboard.
We’ve helped tens of thousands of people build credit. We’re officially recognized by major credit bureaus. Silicon Valley’s biggest investors also trust and back Kikoff.
But don’t just take our word for it--look at all the positive testimonials we’ve gotten on social media and YouTube!
We’ve experienced firsthand how scary credit building can be, especially for those who can’t afford to take chances with it. So we built a tool that strives to bring financial opportunity to everyone. We’ve been there, we know how it is, and we want to offer you something better.