Kikoff offers credit-building solutions in the US and Canada. While some of its products like rent reporting services and a secured card are only available in the US, Canadians can access its credit-building services. Not sure if Kikoff is right for you? Compare these credit-building companies like Kikoff in Canada.
Unlike a Kikoff credit-building loan, which you can't use to pay for everyday expenses, Nyble offers a line of credit you can use for just about anything—all while building your credit by repaying funds responsibly. You can only borrow up to $250, but there are no credit checks or late payment fees to worry about.
No credit check required
No application fee
No late payment fee
More affordable than payday loans
$11.99 per month for fast transfers, full credit report and other premium perks
Small loan amount only
Loan amount
$30 – $250
APR
Starting at 0%
Term
30 days, extendable
Fees
0% interest with optional fees
Origination fee
$11.99
Turnaround time
1-30 minutes with a paid membership or 1-3 business days with a free membership.
Like Kikoff, KOHO credit building comes with 0% interest and doesn't require a credit check. You can withdraw funds from your credit line to cover expenses, and approval is guaranteed even if you have bad credit or no credit history at all.
Woveo puts a fresh spin on credit building, allowing you to pool money with family and friends and borrow funds rotationally with zero interest. Repayments are reported to Canadian credit bureaus, helping you strengthen your credit score. Woveo is relatively new and has limited reviews, but it's available on both Google Play and the Apple App Store.
With a free Borrowell account, you can sign up for a secured installment credit builder loan and track your credit score. Make payments for 36 months, and receive a lump sum when the repayment period is over. As your score improves, Borrowell will recommend loans and credit cards you might qualify for from its network of more than 75 financial partners.
Free to sign up and track your credit score
No hard credit check
Cancel any time without penalty
Existing credit history required
Only reports to Equifax (not TransUnion)
You must make payments for 36 months to receive a lump sum
Kikoff offers a secured credit card to US customers only, but in Canada, the Neo Secured Credit Card is a great alternative. Approval is guaranteed, and there's no credit check required. International IDs are accepted, so newcomers to Canada will find it easy to apply. Deposit anywhere from $50 to $10,000 and start using your card to make everyday purchases.
Easy approval
No hard credit check
Adjustable limit (start with as little as $50)
Cash back on your purchases
Costs $60/year (or more for optional Premium perks)
Deposit required
Loan amount
Undisclosed
APR
Undisclosed
Term
How Kikoff compares
Kikoff is a California-based fintech company that offers a range of credit-building products, including credit-builder loans in the US and Canada. For US customers, it also offers a secured card, a revolving line of credit, rent reporting services and dispute tools. While Kikoff offers American users many options to improve their credit scores, Canadian users are much more limited.
Additionally, some of Kikoff’s products don’t report to every major credit bureau. For instance, its Canadian credit-builder service only reports to Equifax (not TransUnion), and rent reporting and dispute tools in the US are only reported to Equifax.
Pros
No hard credit check
No interest
Can improve your Equifax credit score
Cons
Costs $10/month
Only reports to Equifax
Can’t be used to pay for expenses (credit building only)
Bottom line
Several strategies can improve your credit score, and credit-building apps are just one method. Maintaining a low credit card balance, paying your bills on time and keeping your accounts out of collections can all contribute to a better credit score with time and patience.
Check out our credit-building guide for more tips and ideas on how to improve your credit score.
Stacie Hurst is an editor at Finder, specializing in loans, banking, investing and money transfers. She has a Bachelor of Arts in Psychology and Writing, and she has completed FP Canada Institute's Financial Management Course. Before working in the publishing industry, Stacie completed one year of law school in the United States. When not working, she can usually be found watching K-dramas or playing games with her friends and family. See full bio
Bethany Hickey is the banking editor and personal finance expert at Finder, specializing in banking, lending, insurance, and crypto.
Bethany’s expertise in personal finance has garnered recognition from esteemed media outlets, such as Nasdaq, MSN, Yahoo Finance, GOBankingRates, SuperMoney, AOL and Newsweek. Her articles offer practical financial strategies to Americans, empowering them to make decisions that meet their financial goals. Her past work includes articles on generational spending and saving habits, lending, budgeting and managing debt.
Before joining Finder, she was a content manager where she wrote hundreds of articles and news pieces on auto financing and credit repair for CarsDirect, Auto Credit Express and The Car Connection, among others.
Bethany holds a BA in English from the University of Michigan-Flint, and was poetry editor for the university’s Qua Literary and Fine Arts Magazine. See full bio
Bethany's expertise
Bethany has written 4 Finder guides across topics including:
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Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which Finder receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
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