What is the Kikoff Credit Builder Loan, and how does it work?

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 it works: the customer pays Kikoff $10 each month for a year, and Kikoff reserves the funds for you while reporting to the credit bureaus as if you’re making payments on a loan. At the end of the “loan,” we return the full amount of all of your payments back to you! When it’s completed, you can put the $120 in your savings account.

Please note that the Kikoff Credit Builder Loan is a secured installment loan and is not the Kikoff Credit Account, which is a revolving store-only line of credit used most often to buy a membership for the Kikoff Credit Service. The Kikoff Credit Service is a human service powered by our team and is not refundable.