Kikoff credit improvement app and website designed to maximize your credit score.
When you sign up for Kikoff, your monthly payments get reported to major credit bureaus, building your credit history. Kikoff also helps you optimize your credit utilization, improve account age, and build credit diversity – all of which raise your credit score.
Does Kikoff really improve your credit? How does Kikoff work? Keep reading to discover everything you need to know about Kikoff.
What is Kikoff?
Kikoff is a credit building system found online at Kikoff.com and through mobile apps for iOS and Android.
With Kikoff, you can start building your credit in seconds.
You sign up for the credit account and get instantly approved for a $500 line of credit.
Then, you choose from a wide range of products from the Kikoff store, starting at just $10, to start improving your credit at any budget.
Finally, you make monthly payments, and Kikoff reports every payment you make to the major credit bureaus. Each payment helps build your credit.
The goal of Kikoff is to help people build credit on their terms, growing their credit and payment history in a guaranteed way. You can reach your financial goals, grow your credit, and enjoy lower interest rates when borrowing money.
Kikoff is available online through Kikoff.com. Or, you can download the Kikoff app for iOS or Android. Kikoff is priced at $2 per month with no added fees or interest. You pay your subscription fee, and that $2 per month monthly payment gets reported to credit bureaus. You can buy additional products from the Kikoff online store to increase your credit score further.
How Does Kikoff Work?
Kikoff works in a simple three step process:
Step 1) Kikoff sets up a credit account for you and reports it as a $500 credit line.
Step 2) You make a purchase in the Kikoff store with that credit line, and you just pay back what you spend. Kikoff reports those payments to the major credit bureaus (like TransUnion, Experian, and Equifax), proving to those credit bureaus that you have a strong and regular payment schedule. Kikoff’s lowest and most popular payment amount is $2 per month. These low amounts help you make regular payments to credit bureaus to improve your credit while still keeping your credit utilization low (like under 5%).
Step 3) You can turn credit building on autopilot by activating Kikoff’s autopay feature, which means you don’t have to manually pay off Kikoff each month.
Over time, Kikoff helps you build credit by establishing a payment history and maintaining a low utilization rate. You only pay the fees for your chosen Kikoff product with no added fees or interest. Kikoff’s most popular subscription is priced at $2 per month.
Kikoff also has additional credit building tools available, including the Credit Builder Loan.
Kikoff reports to the three major credit bureaus, including Equifax, Experian, and TransUnion. The company is an official data furnisher to these three credit bureaus. And, Kikoff reports all customers’ monthly payments to Experian and Equifax.
If you have a Kikoff Credit Account (standard membership), then Kikoff reports to Equifax and Experian
If you have Kikoff’s Credit Builder Loan (optional), then Kikoff reports to TransUnion and Equifax
Most customers only sign up for the Kikoff standard account. However, buying the Kikoff Credit Builder Loan can improve your credit further, as it gives you a mix of account types. Credit bureaus consider the diversity of credit along with regular payment history when assessing your credit score.
How Kikoff Boosts Your Credit
Kikoff boosts your credit by targeting your payment history, credit utilization, average account age, and credit diversity – four things that play a critical role in your credit score.
America’s three largest credit bureaus are TransUnion, Experian, and Equifax. These credit bureaus receive reports from banks and other finance-related companies about your payment history. Over time, this data allows these credit bureaus to create a credit report.
Payment History: If you make payments on-time regularly, then it proves you’re a safer borrower than someone who regularly misses payments. With Kikoff, you can easily setup repeat payments to prove you pay bills on time. Each month, Kikoff deducts $2 from your payment plan, then reports that payment to the credit bureaus. The credit bureau sees an on-time payment every month for multiple months in a row, proving you’re a trustworthy borrower.
Credit Utilization: Kikoff also improves your credit score by targeting your credit utilization. If you have $5,000 of credit and are using $4,500 of that amount (say, in debt or unpaid credit card bills), then that looks bad for lenders. However, Kikoff improves your credit utilization ratio by extending you a $500 line of credit. This lowers your credit utilization ratio, which raises your credit score. Kikoff’s store items start at just $10, which means buying a single store item on credit will only raise your credit utilization ratio by 2%.
Average Account Age: The older your credit accounts are, the better your credit score will be. Credit bureaus like when consumers have had credit cards for a long time with regular payments and no issues, for example. Kikoff improves your credit score by targeting your average account age: you can sign up in minutes online today, then get a credit account and start building time as months pass. The longer you maintain your Kikoff subscription, the better it looks for credit bureaus.
Credit Diversity: Credit bureaus like consumers who have multiple types of credit – like credit cards, car loans, and other types of financing. Kikoff gives you good credit diversity. You can sign up for the standard Kikoff subscription; or, you can buy the Kikoff Credit Builder Loan to increase the diversity of your account. The more products you have, the better it looks to credit bureaus – and the higher your credit score can go.
Kikoff Reviews: What Do Customers Say?
Most customers have good things to say about Kikoff and how it works. Customers have genuinely improved their credit score – some by over 100 points – by using Kikoff. Many customers also report a significant jump in credit score within just months of using Kikoff.
Here are some of the reviewers from Kikoff’s customers online:
- One customer claims her credit score was 0 in July and 700 by December thanks to Kikoff
- Another customer started with no credit score and raised it to 620 within just one month of using Kikoff
- Some teenagers and young adults use Kikoff to build their credit score at an early age
- One person jumped her credit score from 545 to 600 within two months
Kikoff also has surprisingly strong ratings on both app stores. It has a 4.9 star rating on the iOS app store, for example, with 31,000+ reviews, and a 4.7 star rating on the Android app store with 22,600+ reviews.
Kikoff is priced at $2 per month for a monthly membership fee.
There are no added fees and no extra interest. You just pay $2 per month and is available on the official Kikoff website at Kikoff.com.
Once you pay your $2 per month subscription fee, you can access the Kikoff online store, which has additional credit builder products starting at $10. These products are optional.
Each Kikoff membership is a 12-month commitment, renewed annually. You can cancel your plan at any time, although you’ll need to pay off your remaining balance.
Kikoff, Inc. is a financial technology company founded by Cynthia Chen (Co-Founder and CEO) and Christophe Chong (Co-Founder and CTO).
The company has received backing from several notable Silicon Valley investors, including Sagard / Portage Ventures, Lightspeed, Core Innovation Capital, Female Founders Fund, and GGV Capital, among others.
The company’s team consists of experts who know the intricacies of credit building from working at major financial technology companies. The team came together with the goal of creating equal opportunities for everyone – regardless of your current credit score.
Kikoff has hundreds of thousands of subscribers, according to the official website.
Kikoff is a credit builder app and website designed to improve your credit with no interest, no fees, and no complicated terms.
With instant approvals, a range of credit options available, and easy repayment plans, Kikoff makes it easy to report your regular payments to major credit bureaus and boost your credit score.
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