Kikoff
Kikoff offers a range of financial products including a Credit Account, Credit Builder Loan, and Secured Credit Card to help individuals build their credit scores. The company provides services without requiring a credit check and reports to the three major credit bureaus.
Services
Kikoff offers a range of financial services designed to help individuals build and improve their credit. These include a Credit Account, Credit Builder Loan, and Secured Credit Card. The Credit Account provides a $750 line of credit for purchases without additional, interest, or late fees. The Credit Builder Loan is a 1-year plan that builds $10 per month in savings and reports to TransUnion and Equifax. The Secured Credit Card operates like a debit card but helps build credit and is part of the Mastercard network. Kikoff also offers rent reporting services, included with a Premium subscription, to help boost credit scores.
Credit Account
The Kikoff Credit Account offers a $750 line of credit to users, designed to help them build their credit scores. There is no expiration date on the account, which can help increase the average account age—a factor in credit scoring. Customers with credit scores under 600 typically see an average increase of 58 points with consistent, on-time payments. The Credit Account does not involve any additional fees, interest fees, or late fees, providing a simple and straightforward way for users to build their credit.
Credit Builder Loan
Kikoff's Credit Builder Loan is a 1-year financial product that helps build savings and credit. Users contribute $10 per month into the plan, which gets reported to TransUnion and Equifax to improve credit scores. The loan has minimal fees and a low interest rate, making it an affordable way for individuals to work towards better financial health. This product is part of Kikoff's broader goal of providing fair and straightforward pathways to meet financial goals.
Secured Credit Card
The Kikoff Secured Credit Card operates similarly to a debit card but helps users build their credit scores. The card is part of the Mastercard network, allowing access to over 55,000 ATMs without additional fees. This credit-building tool reports to all three major credit bureaus—Equifax, Experian, and TransUnion. No credit check is required to open an account, making this a viable option for those looking to establish or improve their credit history.
Mobile App
Kikoff provides a mobile application available on both Android and iOS platforms. The app has earned tens of thousands of 5-star reviews, reflecting user satisfaction. The mobile app allows users to manage their accounts, track their progress, and access Kikoff's various credit-building services. This accessibility helps users stay on top of their financial goals from anywhere, at any time.