Hear from Canadians who tried KOHO's credit building feature. This is my review and results when using KOHO. Try KOHO credit building here: [ Ссылка ]
👇 Download my Credit Score Protocol here👇
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I spend my free time testing new financial products for Canadians. Just like KOHO’s credit building feature. KOHO will open a dedicated line of credit on your behalf, but you won’t have access to it. Then you choose a set amount to set aside each month from your line of credit. As you pay their monthly fee you’ll also be repaying the full amount on your line of credit.
This is my honest KOHO credit building review so you know the pros and cons of it. That way you can evaluate it to see if it’s right for you.
Credit Building Pros:
Debt-safe way to build credit history.
Grows your credit history by reporting proper credit utilization & repayments to the credit bureaus.
Earn interest on all your money.
Common score upgrades are 20 – 100 points within 6 – 9 months.
Credit Building Cons:
Does not fix outstanding / overdue bills.
Only affects your credit history, there are lots of other factors that go into a credit score.
Costs $10 / month (but at least KOHO is a free app!).
Read my full review here: [ Ссылка ]
Chapters:
0:00 KOHO credit building review
1:30 How it works
2:47 Downsides
3:27 Credit score protocol
4:23 Free credit check
5:30 Credit building results
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Music:
bensound.org
Liability Disclaimer: [ Ссылка ]
*This video is not investment, financial, or legal advice. It may be incorrect, outdated, inaccurate, or reflect personal opinions. This video is for entertainment purposes only.
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