Both Credit Building options work together to help you build your credit history, but they operate differently.

Credit Building with KOHO is a way to improve your credit score without putting up any collateral. We provide you with an unsecured credit line of $225 and make monthly payments on your behalf, which are reported to the credit bureau. This is a great option for those who prefer a hands-off approach to credit building and want KOHO to handle the process for them.

Secured Credit Building offers a secure and effective way to establish and improve your credit score. It involves setting up a deposit between $30- $500 using your own money, which is then converted into a line of credit. Every month you spend from and repay your line of credit, we’ll report your activity to the bureau which establishes and grows a positive credit history. This option is ideal if you want to have complete control over your credit growth and have the money to do so.