Is KikOff a scam? Many people who are in the business or economic field are asking this same question.
KikOff is a credit-building company that will provide you with a $750 line of credit on a $5 monthly subscription fee. This is for those with a weak credit score who want a ratings boost.
In this article, we will explain whether KikOff is a scam and how to protect yourself on the platform.
How does KikOff work?
Let us briefly understand how KikOff works. KikOff has three plans;
- KikOff Credit Account: In this plan, KikOff provides users with a $750 line of credit that can be used to buy from KikOff’s online store. One interesting point is that KikOff charges no interest or additional fees. Users can return the amount within a year. KikOff also reports the payments to credit bureaus, improving the credit score.
- KikOff Credit Builder Loan: This is KikOff’s other plan to improve your credit ratings. In this plan, you will buy a subscription of $10 per month for one year and at the end of the year, KikOff will return $120 minus a minute processing fee. KikOff also reports this to the credit bureau to increase your credit ratings.
- KikOff Credit Service Premium: This is for customers who want a larger line of credit. KikOff provides $2,500 on a $20 monthly subscription fee in this plan.
To apply for either of these products, you must head to the KikOff website, create an account, and enter your details, including your name, email and other financial information.
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Is KikOff a scam?
No, Kikoff isn’t a scam and here’s how we reached that conclusion.
To assess KikOff, we head to the Better Business Bureau’s website. The first thing that we noticed was that KikOff is still not BBB-accredited.
Next, we saw that KikOff has almost answered all the queries on BBB.
Next, we headed to Trustpilot and noticed that KikOff has received a favourable rating of 4.3 out of 5. The platform had 893 reviews, of which about 78% were 5-star and about 11% were 1-star.
When we looked at the one-star reviews, we found that most were angry because the company didn’t return the money after the subscription.
CNBC reviewed the business model of KikOff and found no evidence of a scam.
Moreover, the app has a rating of 4.9/5 on the App Store and 4.4/5 on the Google Play Store based on several thousand ratings.
Thus, KikOff is not a scam but a legit credit-building platform. However, that being said, before you go for it, understand how the platform works in detail and know your legal rights before making any financial decisions.
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