{"id":44062,"date":"2023-08-09T20:07:18","date_gmt":"2023-08-09T20:07:18","guid":{"rendered":"https:\/\/hardbacon.ca\/non-classifiee\/build-credit-koho\/"},"modified":"2023-11-21T05:05:46","modified_gmt":"2023-11-21T10:05:46","slug":"build-credit-koho","status":"publish","type":"post","link":"https:\/\/hardbacon.ca\/en\/credit-cards\/build-credit-koho\/","title":{"rendered":"Build Credit With This Super Simple Hack"},"content":{"rendered":"\n

Sponsored by KOHO<\/p>\n\n\n\n\n\n\n\n

Building credit without applying for credit? KOHO they didn\u2019t! <\/p>\n\n\n\n\n\n\n\n

If you\u2019re trying to build or repair your credit score, you probably feel caught between a rock and hard place. In order to build credit, you have to use it. In order to use it, you have to apply for it and get approved.  <\/p>\n\n\n\n\n\n\n\n

Ouch! What a headache. Luckily, new financial solutions exist to make life easier and credit building a lot less painful. <\/p>\n\n\n\n\n\n\n\n

KOHO<\/a> can help you build your credit history without opening another credit card or going into debt. Here\u2019s why a good credit score is essential and how to use the game-changing KOHO Credit Building feature.    <\/p>\n\n\n\n\n\n\n\n\n\n\n\n

Why is credit important? <\/h2>\n\n\n\n\n\n\n\n

Credit scores tell lenders and other interested parties how trustworthy you are with other people\u2019s money. Like it or not, you can\u2019t opt out of them if you want to meet certain financial milestones.  <\/p>\n\n\n\n\n\n\n\n

At some point, you\u2019re going to need to borrow money, use a credit card, rent an apartment, or apply for your dream job. Yes, even some employers check your credit score and it\u2019s becoming more common. <\/p>\n\n\n\n\n\n\n\n

If you have bad credit or worse, no credit at all, accessing the stuff you need gets hard. And hella expensive too.  <\/p>\n\n\n\n\n\n\n\n

Did you know?<\/h3>\n\n\n\n\n\n\n\n

People with good credit get way better interest rates. On average, Canadians with good credit scores get rates 10% to 20% lower than Canadians with bad credit scores. Yep, true story. <\/p>\n\n\n\n\n\n\n\n

The credit building conundrum<\/h2>\n\n\n\n\n\n\n\n

In the past, the only way to build credit was to use it. But low scores create barriers to the credit-boosting products and services you need. Ugh, I get mad just thinking about it.  <\/p>\n\n\n\n\n\n\n\n

Such a conundrum prevents too many of us from reaching our financial goals. And it puts others at the mercy of predatory lenders with insane interest rates. <\/p>\n\n\n\n\n\n\n\n

Until recently, Canadians had exceedingly few options to build credit. But now, disrupters like KOHO<\/a> are flipping the script. Finally, we have options that didn\u2019t exist before. <\/p>\n\n\n\n\n\n\n\n

A better way to build credit<\/h2>\n\n\n\n\n\n\n\n

In February of 2021, credit-challenged Canadians got an early Valentine\u2019s Day gift when KOHO announced the launch of their new Credit Building program. It\u2019s aptly named Credit Building<\/em>, because who doesn\u2019t love simplicity? <\/p>\n\n\n\n\n\n\n\n

There\u2019s no credit check, interest, or tail-chasing. But there is<\/em> guaranteed approval. What\u2019s not to love about that? <\/p>\n\n\n\n\n\n\n\n

Here\u2019s what to know about this credit-building Cupid<\/p>\n\n\n\n\n\n\n\n

How to use the KOHO Credit Building feature<\/h2>\n\n\n\n\n\n\n\n

First thing\u2019s first, open a KOHO account<\/a>. It\u2019s totally worth it because you get tons of perks, including:
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