How does Kikoff Debt Relief work?

Modified on Tue, 18 Apr 2023 at 10:30 PM

Kikoff Debt Relief is a free service that lets you request debt relief offers for charge-offs and collections on your credit report. Offers can include up to 50% savings with affordable monthly payments as low as $15/month! 

Here’s how the service works: 

  1. Choose an eligible collection account. Select one eligible debt to start. You'll be able to request offers for additional debts in the future.
  2. Create a bucket and start saving. Your savings bucket is a free tool inside your Kikoff Cash Account that you’ll use to set aside money to pay your debt relief offer. The money in your bucket belongs to you and you can withdraw it anytime. 
  3. Request a money-saving offer for your collection account. We’ll let you know when you have enough funds saved in your bucket (typically within two weeks). With your permission, we’ll contact the collector to request a money-saving offer to resolve your collection account. 
  4. Review and accept your offer. You’ll typically be notified of any available offers within three business days*. Accept your offer before it expires to lock it in! 
  5. Put repayment on auto-pilot. Automatically make your affordable monthly offer payment to your collector from your savings bucket. Make sure to keep funding your bucket every month so you don’t miss a payment. 
  6. Finish paying and watch your collection disappear! As long as you make all your payments on-time, your collector will forgive your remaining balance and delete their account from your credit report within 60 days of receiving your final payment.

*Offer terms and availability may vary. Some debts may not qualify for savings. 

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select atleast one of the reasons

Feedback sent

We appreciate your effort and will try to fix the article