Credit Builder

Compare Credit Builder

Kovo

Fees: $10/month (for 24 months)
Credit Building Tools: Payment Reporting
Credit Bureaus Reporting: 3 Main Credit Bureaus and Innovis
Mobile App: No

Pros:

$10/month only
Easy to apply
Earn rewards

Cons:

24 months lock-in
Courses may have little value to you

Our Review: (4.8) Kovo is a low-cost way to build credit and learn more skills online. Learn Kovo's features, value, and if it's the best credit builder for you... Read full review

Current

Mobile App: iOS & Android

Pros:

High savings rate
Up to 15x cash back at 14k stores
Ability to deposit cash

Cons:

No web platform
Email-based support only
Requires direct deposit to earn the boosted bonus

Our Review: (4.4) Is Current a good fit for you? Discover its benefits and drawbacks, and see how it sizes up against apps like Chime in this review... Read full review

Credit Karma

Fees: Monthly Savings: Starts at $10/month

Credit Monitoring: Free
Credit Building Tools: Credit Builder (line of credit + savings account)
Credit Bureaus Reporting: 3 Main Credit Bureaus
Credit Limit: Line of credit: $1,000
Mobile App: Yes

Pros:

No fees
Reports to 3 credit bureaus
No lock-in period

Cons:

Credit score must be 619 or below
Can't access savings immediately

Our Review: (4.6) Building credit can be simple. Credit Karma makes it easy without fees. But is there anything to look out for? Read on to find out... Read full review

Digital Federal Credit Union

Fees: $0 (membership required)
Credit Building Tools: Credit Builder Loan
Credit Bureaus Reporting: 3 Main Credit Bureaus
Monthly Loan Payment: Depends on loan amount ($500 - $3,000)
Loan Term: 12 - 24 months
APR: 5%
Mobile App: Yes

Kikoff

Fees:
- Credit Account: Starts at $5/month
- Rent Reporting: Free
Monthly Loan Payment: $10/month
Loan Term: 12 months
APR: 0%
Mobile App: Yes

Pros:

Inexpensive way to build credit
Cancel anytime
No lock-in period

Cons:

Does not report to TransUnion
Kikoff Store items may not be valuable

Our Review: (4.4) Kikoff offers an affordable credit line, which can help you build your credit. But what's the catch? Read on to find out... Read full review

Self

Fees:
- Rent Reporting: Free
- Bills Payment Reporting: $6.95/month
Monthly Loan Payment: Starts at $25/month.
Sample loans: $25/mo, 24 mos, 15.92% APR; $35/mo, 24 mos, 15.69% APR; $48/mo, 24 mos, 15.51% APR; $150/mo, 24 mos, 15.82% APR. See self.inc/pricing
Loan Term: 24 months
APR: 15.92% APR for $25/mo plan;
15.69% APR for $35/mo plan;
15.51% APR for $48/mo plan;
15.82% APR for $150/mo plan
Credit Limit: Credit Card: $100 Minimum
Mobile App: Yes

Pros:

No hard credit check
Available in all 50 states
Get your money back (minus interest and fees)
Cancel anytime

Cons:

High APRs
Charges late fees, convenience fees, and closing fees

Our Review: (4.3) Wondering about Self's credit-building claims? Discover in-depth information in this review and decide if it's legit... Read full review