Did you sign up for a Kikoff Credit Account? Great choice! Once you've signed up, you're probably wondering when your account will show up on your credit report. Keep reading to find out what to expect.
Kikoff's credit builder works fast. On average, your credit score goes up within 30 days and improves by 28 points in the first 6 months.
How the Kikoff Credit Builder Works
We report all active accounts to Equifax and Experian every month, at the end of the month. Once we report your account, the bureaus have to update your report.
If it's your very first month with Kikoff, we report your first purchase.
Processing times can vary, but Kikoff will usually appear on your credit report within one week.
It may take your first statement to print for it to be visible on your credit report.
To utilize your credit, make a purchase from the Kikoff Store.
Login to your Kikoff Dashboard to see your payment schedule and set up AutoPay.
Let's walk through an example with Kikoff's Credit Account.
April 15 - Alex applies and is approved for a Kikoff credit builder account.
She activates her account by purchasing a $24 Kikoff subscription.
April 30 - At the end of the month, Kikoff reports Alex's account to the major credit bureaus.
Alex's first Kikoff payment isn't due until next month (May), so her account is current – she's up-to-date on her payments!
May 1 to 7 - The bureaus process this data and add Kikoff to Alex's credit report.
She gets an email from us, saying that Kikoff is now visible on her credit report May 15 - Alex's first payment for her Kikoff subscription is due.
She got a reminder email from Kikoff a few days earlier, so she easily made her payment on time.
Kikoff reports Alex's account to the credit bureaus.
June 1 to 7 - Alex gets another email from Kikoff to let her know her credit report is updated.
Her Kikoff Credit Report also includes her other accounts, so she can keep an eye on her full credit picture.
She's built one year of payment history with Kikoff.
Alex's credit score has increased by 55 points since opening her Kikoff account.
Our Credit Account doesn't expire, so Alex can keep building credit by renewing her Kikoff subscription.
Kikoff has AutoPay, and we also send you multiple payment reminders.
If you're new to Kikoff, check out our FAQ for more information about our credit builder account.
Frequently Asked Questions
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About the editor
Disclaimer: The information provided in this blog post is meant for informational purposes only and does not constitute financial advice.
