Both Credit Building options work together to improve your Credit History!
Credit Building: KOHO gives you a credit line, and you just pay the subscription fee upfront. It's the straightforward choice.
Secured Credit Building: This one requires an upfront deposit but offers more control over your credit growth.
Using both together may help boost your credit history. Here's why it's great:
You have two credit lines, which helps your credit score in several ways:
You get a higher total credit limit, showing responsible credit use and lowering your credit usage rate.
You have two types of credit, improving your credit mix.
When you borrow and repay from both credit lines, your credit report shows a longer history of positive repayments, which lenders like to see!