In today’s world, when it comes to any activity that involves finances, having a good credit score is a must. All our financial decisions are majorly influenced by our credit score. However, it is as difficult as it is crucial. Kikoff Store helps users to build their credit score quickly and easily. Briefly, it is a fintech platform that is designed for users who are new to credit. Let’s learn more about it in this article.
About Kikoff Store
It is a fintech (financial technology) platform/company that is designed to help users in building their credit scored in a easy way. It helps them have a good credit score in a quicker way than traditional methods. Basically, it offers products that further helps individuals to build their scores. Users do not have to put themselves into the risky realm of loans and credit cards for the same. Hence, this platforms provides low-cost and low-risk along with a good credit score.
Basics of the Platform
Notably, it is an online store that is accessible by users with the help of their Kikoffcredit line. The digital products that are available on this site basically helps people to improve their financial literacy and personal growth. Individuals must know that the purchases are limited to digital items in this digital store. Therefore, every purchase is really affordable and small and every purchase helps in building credit score. The platform effectively makes sure that users do not get into overspending on items that are not crucial.
Popular Categories in the Store
These are the major categories of digital items that are available in this digital store:
- Self-help books
- Budget planners
- Nutrition and wellness courses
- Financial Education E – books
- Credit building guides
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How the Kikoff Model Operates ?
The Kikoff model operates through various services that help building credit score.
- Kikoff Store –It is an online store from where individuals can purchase various digital products and services such as financial tools, e-books, self help courses, wellness products, etc. All of the purchases contribute to score building.
- Purchase reports –the Kikoff model reports the purchase history to Equifax and Experian which builds the score over time. However, for this, individuals have to make their payments on time.
- No credit history –for this, users do not have to have a credit check. Signing up does not need any credit history. Therefore, it is also useful for people who are new to credit system.
- Low payments (monthly) –buying something from the digital store leads to the small monthly payments of your payment plan. It is just around $5 per month.
- Credit Account – $750 is received upon signing up. This credit can be used to make purchases from the store.
- No fee –usually, traditional ways and credit cards charge a fee or an interest. However, this kikoff model does not have any hidden charge or fee. No monthly or annual interest.
Important of the Store
In the kikoff model, this online store plays a major role in building the credit score of users. The usage and importance of the store includes:
- Improving Credits –buying digital tools and services from the store helps in enhancing the utilisation of credits. However, for this to happen, users must purchase and pay on time to maintain a good payment history.
- Financial Knowledge – There are many items in the store that are specially for people to gain financial knowledge. The items help them understand investing, credit and many more financial aspects. Hence, by purchasing these items, users can make better financial decisions.
- No Overspending –Users can not buy luxury or expensive items. They just have to purchase items in small amounts. Therefore, the focus is on self improvement instead of buying extraordinary items.
- Wise Usage of Credits –the store makes only wellness and educational tools available. Therefore, users can only purchase items worth buying.
Ideal Users
- Immigrants who have just got to the U.S. and have to build their credit score from the scratch.
- Individuals who are new to the system of credit. Mainly, students and young adults.
- Individuals who do not want a traditional credit card that lures them into the concept of consumerism. These are people who are trying to avoid overspending.
- Individuals who want to improve their credit score.
Is it Safe ?
Yes. Kikoff is a legal platform. The reports are transferred to two of the main credit bureaus in the US.
Things to Keep in Mind
- OnlY U.S. residents who have a valid SSN or ITIN number are eligible.
- Not available in other countries
- It only helps users with US based credit profiles.
- Only available on US app stores.
Conclusion
Kikoff store is a part of the kikoff model that helps US residents to build or improve their credit scores. The digital store helps users buy digital educational and wellness products. Each purchase adds to the credit score only if payments are made on time. This model is absolutely legit and safe as this company reports to two of the major credit bureaus – Equifax and Experian.
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