Where Can I Use Kikoff Credit?

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Where can I use Kikoff credit? This article explains everything about Kikoff credit and where it can be used.

When Cynthia Chen, co-founder and CEO of Kikoff, emigrated from China to the United States to further her education, she observed that while she didn’t have a credit card, many of her classmates did.

She enrolled for a secured credit card and was able to keep a credit score that was over 700 during her university days after recognizing how crucial it was to have a decent credit score in order to acquire loans and excellent conditions on those loans. She bought her very first vehicle and rented her own house when she graduated.

Lack of a credit history can prevent a lot of American citizens from getting a mortgage, a fresh credit card, or cheaper interest rates on loans.

Credit invisible people are individuals that lack credit scores due to the fact that their credit histories are too short.

According to a new study by the Consumer Financial Protection Bureau, 26 million American citizens, or roughly one in ten, belong to this group.

The study emphasized how poor income, Black, and Hispanic consumers were significantly affected.

The Consumer Financial Protection Bureau claims that poor income areas typically have greater rates of credit invisible people than large income areas, while Black and Hispanic consumers were highly prone to be credit invisible compared to their white and Asian peers.

Chen established Kikoff in 2019 with the goal of assisting people with no credit history or low credit scores.

Chen explained that when she was employed in consumer finance at various financial institutions, she observed that many individuals were like her and are not from the wealthiest families.

She observed that there was a huge vacuum in providing services to this audience since the available options in the sector were highly pricey.


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What is Kikoff?

Kikoff is a service used for building credit that offers every client a $750 revolving line of credit without imposing any interest or charges on the line of credit.

Afterwards, customers utilize this credit line to buy a product from the Kikoff store’s exclusive inventory. Kikoff credit is a payment method that can only be used in Kikoff shops.

Customers that utilize the Kikoff line of credit and buy a product at the store create a Kikoff credit account, which is reported to several of the main credit bureaus. A person’s credit score may subsequently be raised as a result of this.

The products sold at Kikoff stores are mainly e-books and courses on business and financial education.

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Customers must pay at least $5 each month for the products, which have an overall price of $20.

Your payment history is afterwards reported to Experian and Equifax, two of the three main credit bureaus.

Kikoff’s goal is to assist customers in raising their FICO credit ratings. Your FICO credit score is calculated using five different variables: your payment history (35%), amounts owed (30%), duration of credit history (15%), fresh credit (10%), and credit mix (10%).

Utilizing Kikoff will assist you establish a better payment history because FICO sends your promptly monthly payments to the main credit bureaus.

Nevertheless, customers will be reminded via email and text messages if they are unable to pay their required monthly payment by the stipulated deadline.

After that, customers have 30 days after the deadline to pay before the credit bureaus are notified that one was skipped.

Users’ past-due loans won’t be sold by Kikoff to outside collection companies. Customers of the Kikoff credit line can additionally keep their credit usage ratio modest, which is something that specialists typically advise maintaining around 10% and 30%.

For instance, if you spent $10 on a single product on Kikoff, your credit score will therefore rise since you will just be using 2% of your available credit.

Finally, Kikoff may assist to extend your credit history because customers of may leave the line of credit active long after they have completed buying and paying for their purchases.

Keep in mind that permanently maintaining an active Kikoff line of credit is free of charge.

What Purposes Does a Kikoff Credit Account Serve?

You are free to use the funds you lend from Kikoff to make purchases from the firm’s online shop.

However, the goal of Kikoff is not to use up your entire $750 line of credit. Kikoff is designed to instantly raise your credit score.

You can establish a credit hisotry with the aid of Kikoff payment option. You will only make a little portion of your $750 line of credit utilization because the products for sale in the shop begin at $10. Additionally, your credit score is raised by this modest credit usage percentage.


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How a Kikoff Credit Account Functions

The first step is to activate your $750 line of credit by registering with Kikoff. The $5 monthly charge for a Kikoff account will be deducted from your available credit.

After registering your account, you are eligible to use credit to purchase something from the Kikoff shop.

Once you buy an item, Kikoff creates a basic payment plan that starts about 21 days following your purchase and afterwards continues on a monthly term.

The firm will disclose your payment history and notify the three credit reporting agencies (Equifax, Experian, and TransUnion) regarding your debt.

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Sometimes, it’s not necessary to repay your debt prematurely since Kikoff don’t impose charges or interest on your line of credit.

Spreading the installments makes them more feasible and increases your account’s maturity and payment history.

You can buy a product using credit after you have repaid the initial one to continue the procedure.

The Kikoff line of credit may assist you raise your credit score in the areas of payment history, credit account maturity, and credit usage percentage.

How Can I Submit Application for a Kikoff line of credit?

You can submit an application on the official website of Kikoff by entering private information like your name, phone number, location, and Social Security number.

You are not required to give out your banking details, and there won’t be a credit check. As soon as your identity has been confirmed and you have been given permission, you can access your online account to examine the balance of your available credit, monitor your credit score, usage, and date of payment.

What Are Other Options to Establish Credit?

📌 Request a relative or colleague to enroll you as an approved user: Request a relative or colleague who has a strong credit rating and extensive credit history to enroll you as an approved user on their credit card.

📌 Obtain a secured credit card: Try submitting application for a secured credit card, which is a credit card that is secured by a down payment of money.

📌 Look for who can co-sign a loan for you: With a co-signer, you can apply for a loan or a conventional credit card.

Ensure you and the co-signer agree that in the event that you fail to make payments, the co-signer will be responsible for the entire debt.

📌 Obtain credit for utilities or rent payments: Consider utilizing solutions like Experian Boost or a rent-reporting business to have your expenses taken into account when calculating your credit score.

Frequently Asked Question on “where can I use kikoff credit?”

What Are the Rules, Charges, and Conditions of Kikoff?

Kikoff charges a $5 subscription cost that is deducted from your line of credit. The Kikoff line of credit, which is available for an endless duration of years, has no interest.

What Is Kikoff Ratings?

Both the Apple App Store and the Google Play Store provide Kikoff. Besides a few criticisms from users who were uninformed of the service, the application has largely received positive ratings.

According to 21,304 user evaluations in the Google Play Store, Kikoff has a 4.7/5 score. According to 28,827 user evaluations in the Apple Store, it has a score of 4.9/5.

What Are the Requirements for a Kikoff Line of Credit?

The Kikoff credit line has no basic requirements, and you receive fast approval.

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What Is the Required Credit Score for a Kikoff Line of Credit?

A credit score is not required, and your credit is not examined when you submit application for a Kikoff credit line.

Can Anyone Use Kikoff?

You simply have to be a resident of the United States and have a Social Security number because Kikoff doesn’t conduct a credit check to verify eligibility.

Prior to approving you, Kikoff will run a number of security checks to confirm your authenticity. With the exception of Indiana and Delaware, the service is officially functional in 48 states.

How Many States Is Kikoff Available In?

Every state, excluding Delaware and Indiana, have access to Kikoff.

How Reliable Is Kikoff?

The Better Business Bureau does not certify Kikoff, which has a C+ score. On Trustpilot, Kikoff has a rating of 2.3.

In 2021, the Consumer Financial Protection Bureau got 87 reports against Kikoff, and in every case, the firm replied promptly.

Does Kikoff Have Customer Support?

Kikoff can be contacted via email, the application, or the website, although it demands signing in.  There is no customer support contact information provided on the official website of Kikoff.

Many clients have griped that getting in touch with the firm to address problems is challenging.

What Are a Few of the Online Characteristics of Kikoff?

Kikoff gives quick online approval for its credit line. You can buy items at Kikoff and monitor your payments using the Kikoff application.

Who Are Kikoff Credit Accounts Good For?

📌 Individuals that lack credit and desire to establish a credit history.

📌 Individuals who are unwilling to grow their credit through secured credit cards or credit builder loans.

📌 Individuals who desire to instantly repair their damaged credit score.

What Are the Pros of Kikoff?

📌 Kikoff fees are made to be modest.

📌 Kikoff accounts can be opened without undergoing a credit check.

What Are the Cons of Kikoff?

📌 Kikoff credit can only be spent at the firm’s store, which sells financial education e-books and e-courses.

📌 Since Kikoff lacks a customer support contact information, getting in touch with the firm may be challenging.


Thank you for reading this article. Kikoff is used for building credit and it gives all customers a $750 revolving line charging without additional fees or interest on the line of credit.

Users then use this credit line to purchase an item from the Kikoff store’s exclusive inventory. Kikoff is a payment option that can only be used in Kikoff stores.










































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