Real Reviews of KOHO Credit Building

Small steps towards better credit can change everything. KOHO members share how they started and what happened next.

Start Building Credit
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Trusted by 100,000+ Canadians
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3-month average for initial results¹
Price match
No hard credit check required
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Track progress instantly in-app

Featured KOHO reviews

Honest feedback from actual members².

KOHO Credit Building

Build a stronger credit history with consistent credit reporting.

  • Subscribe to Credit Building
  • We report your payments to Equifax and TransUnion®
  • Build credit without accumulating debt
  • Improves the "payment history" part of your credit score (about 35% of your total score)
  • Most see results within 3-6 months³
  • Perfect for newcomers to Canada or people rebuilding credit at any stage
KOHO app

Getting Started is Easy

STEP 1

You sign-up for the KOHO Credit Building. We open a $225 Line of Credit in your name

Start Building Credit
Build Credit

Getting Started is Easy

STEP 2

You set your utilization rate, we recommend 10%

Start Building Credit
Credit building utilization

Getting Started is Easy

STEP 3

You pay your monthly subscription fee

Start Building Credit
Credit building subscription transaction

Getting Started is Easy

STEP 4

KOHO reports them to Equifax and TransUnion®, the credit bureaus, helping strengthen your credit history

Start Building Credit
Credit score ++

Getting Started is Easy

STEP 5

Each new cycle, you'll need to reset your utilization

Start Building Credit
Change credit building utilization

The Benefits of Using KOHO Credit Building

Accessibility

Accessibility

Great for those with limited or poor credit history who are typically rejected by traditional banks

Simplicity

Simplicity

No complicated forms or credit check required to get started

Transparenct

Transparency

Clear fee structure with no hidden costs or interest

No added debt

No added debt needed

Unlike credit cards, you don’t need to add on debt

Monthly reporting

Monthly reporting

Payments are reported to Equifax and TransUnion®, helping build credit history

Digital-first approach

Digital-first approach

Managed entirely through KOHO's user-friendly app

What Do Canadian Customers Say About KOHO Credit Building?

Our members value transparency, which is why we share balanced feedback. Here’s what customers appreciate:

Lightning

Quick in-app sign-up and management, without credit score impact

Coins

Earning cash back with the KOHO card while building credit history

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No interest payments on the Credit Building

Common concerns addressed

Why pay $5-10 monthly when free alternatives exist? Because we build your credit without adding debt or interest. Our members choose predictable fees over unpredictable debt. You're investing in proven credit building, not risky borrowing.
In just 4 months, the average member's score climbs 31+ points*** through improved payment history, though a well-rounded credit score also depends on credit utilization and credit mix.
Our service supports those who want to build their at every stage, from newcomers and students establishing credit to those rebuilding after financial setbacks.
Understanding your credit report is a helpful first step. This feature can help strengthen your payment history and adds diversity to your credit mix, adding to any steps you're taking with existing debts. We're here to support your progress moving forward.

Is KOHO legitimate?

Yes, we're the real deal. We deliver legitimate, innovative financial services Canadians can rely on to make money progress.

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Regulated

KOHO partners with Peoples Trust Company, a federally regulated Canadian financial institution

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Real credit reporting

Your Credit Building payments are reported to Equifax and TransUnion®, Canadian credit bureaus, creating legitimate credit history

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Transparent

Your free in-app Credit Report explains impact on payment history

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Proven results

Thousands of Canadians have established or improved credit history using KOHO

FAQFrequently Asked Questions

Absolutely, KOHO was built with your financial safety as a priority. Your funds are safeguarded through our partnership with Peoples Trust (a federally regulated bank), with up to $100K eligible for CDIC protection when you opt in to Earn Interest. We've invested in top-tier cybersecurity including firewalls, endpoint detection, and 24/7 security monitoring to protect your account. Additionally, your KOHO prepaid Mastercard comes with Mastercard's Zero Liability Protection for extra security.
We charge a small monthly fee because Credit Building costs money to run. The fee covers things like setting up your account, reporting your payments to credit bureaus, and keeping everything running smoothly. Unlike big banks with hidden fees, we keep our price low and honest.
In order for you to use the Credit Building line of credit, you’ll need to sign up through the KOHO app. Tap the Profile icon in the top left corner, scroll down to Credit Building, and follow the steps.
Once you’re set up, you’ll get access to a $225 line of credit with no interest.
To withdraw from the line of credit, tap the Profile icon, scroll to Credit Building Utilization, tap the three dots (...), and select “Transfer.” Confirm the amount you want to withdraw, verify with the code sent to your phone, and the money will arrive in about 96 hours.
KOHO offers a Credit Building program that can help. This program reports your on-time payments to Equifax and TransUnion® (major credit bureaus), helping build your credit history. Many users have reported score improvements after 4 months of using this service consistently.
No, KOHO's Credit Building programs do not require a hard credit check for approval. This makes them accessible options for people with limited or damaged credit histories who are looking to build or rebuild their credit.
Yes, KOHO Credit Building programs are available to eligible customers throughout Canada. You'll need an active individual KOHO Account (not a joint one), a subscription to KOHO Credit Building, and you'll need to have completed the necessary identity verification requirements.
Yes, KOHO reports to both Equifax and TransUnion® when you use KOHO's Credit Building program.

¹Credit scores are based on complex models involving a variety of factors. Consistent on-time payments help improve scores. Missed or late payments may cause credit scores to decrease. Outcomes may vary among users.

²Testimonials provided are a representation of individual experiences and are not intended to guarantee a similar outcome. These are unedited for minor editorial changes for the sake of grammatical corrections and brevity. In come cases names may be changed to protect privacy.

³ On users with a starting score of 500 or less and who signed up for credit building in October 2024. Credit Building is not a credit repair tool and does not guarantee an improvement in credit score. Credit scores are based on complex models involving a variety of factors. Consistent on-time payments help improve scores and missed or late payments may cause credit scores to decrease. Outcomes may vary among users.

TRANSUNION is a trademark of TransUnion LLC. KOHO's use of the TRANSUNION mark is pursuant to a limited license from TransUnion. All right, title, and interest in and to the TRANSUNION mark remain the exclusive property of TransUnion, and any goodwill arising from KOHO's use of the mark shall inure solely to the benefit of TransUnion.