Got bad credit or no credit? Here’s how $5 a month could add over 50 points to your credit score this year. This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save...
What is your credit score telling people about you? If your score is too low, it might as well be saying, “Charge this person more to buy a car,” “Double their deposit to rent a home,” or “Turn them away.”
If you have low credit — or no credit — a company called Kikoff can help you change that.
Kikoff gives you the chance to prove you’re credit-worthy, despite what your current scores might imply — and it could raise your credit score by *50 points.
How You Could Raise Your Credit Score by 50 Points
Here’s how it works: Kikoff will give you a line of credit — you don’t need a credit check, and there’s no interest. All you have to do is pay $5 a month over 12 months, to build a positive payment history, which Kikoff reports to Equifax and Experian every month.
Kikoff works by impacting the three most important factors that determine your credit score: payment history, account utilization and account age. By signing up for a Kikoff Credit Account, making on-time payments and keeping your account open, you’ll be on your way to reaching your credit score goals
Lend Me a Hand
There’s usually a lot more to the story than a low credit score tells. Maybe your score was impacted by a job loss, youthful inexperience, emergency medical expenses or co-signing for someone who let you down, big time.
Kikoff gives you a chance to rewrite your story — for a flat cost, no extra work and no hidden fees or interest. Kikoff helps you establish payment history, which is one of the three most important things companies look at when grading your credit. And if you enable autopay, you can build this positive payment history effortlessly after you sign up.
The average person sees a positive impact on their score within a few months, and customers with a starting score under 600 eventually see their score rise by 50 points*. But we’ve heard of people who have used Kikoff to raise their credit score from the low 500s to over 700.
Kikoff the Next Chapter in Your Credit Story
Getting started with Kikoff is simple. Just sign up from their app or website. There’s no credit check, and you can find out if you’re approved in minutes.
Join with payments as low as $5 a month over 12 months, with 0% interest for the lifetime of your account plus no additional fees. Once you’ve got an account, Kikoff will give you a line of credit, which you’ll use to purchase a 12-month credit-building plan.. This will keep your credit utilization rate low — a key factor in improving your score. Kikoff will report your financial progress to Equifax and Experian every month.
We suggest setting up autopay to cover your $5 payments every month and then leave your account alone. In the coming months, you’ll notice your score start to rise.
Hundreds of thousands of people are already building their credit with Kikoff, rating it 5 stars with more than 61,000 reviews.
Sign up here to see how much you could improve your credit score.
*Credit Score Increase: Based on Kikoff customers that used the Credit Account product and made consistent on-time payments during account lifetime. This data is based on observed VantageScore 3.0 credit score changes. Payment behavior can have an impact on your credit score, and individual results may vary. Data current as of March 2022.
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.