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 the Credit Builder Loan works:
- You enroll in the Credit Builder Loan and pay $10 every month for one year.
- Kikoff reports each payment to help you build credit, and saves your Credit Builder Loan payments for you to withdraw later.
- After twelve months, you can withdraw the full $120 that you paid.
Note: This withdrawal does not include any card processing fees.
Please Note: The Kikoff Credit Builder Loan is currently not available to users in Hawaii, Indiana, Oregon, and Wyoming.
The Kikoff Credit Builder Loan is a secured installment and is NOT the Kikoff Credit Account, which is a revolving tradeline that's most often used to finance plans for the Kikoff Credit Service.
The Kikoff Credit Service is a human service powered by our team and is not refundable, whereas the funds you pay in to the Credit Builder Loan are returned back to you at the end of your term.