What is Secured Credit Building
Updated over a week ago

KOHO’s Secured Credit Building gives you the ability to build your credit history with your own funds! Here’s how it works:

  1. Deposit $30-$500 into your account to create a secure line of credit

  2. Transfer the funds to your KOHO account for spending (we suggest staying within 10% of your deposit)

  3. On your next billing date, we'll automatically move the funds from your KOHO account back into your secure line of credit (just make sure the funds are available in your Spendable)

  4. Start building your credit today 🎉

To opt into this feature just have the subscription fee and deposit ready! To opt in:

  1. Open the KOHO app

  2. Tap the Credit button (bottom right), then tap Secured Credit Building.

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