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 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.