Licenses and disclosures
Entity details, state licensing, the full text of every disclosure summarised elsewhere on this site, and the trademark notices. The long version of the small print at the bottom of every page.
Entity
| Item | Detail |
|---|---|
| Legal name | Kovo Financial, Inc. |
| Structure | Delaware Public Benefit Corporation |
| Product | Retail installment contract for credit-building services |
| Banking status | Not a bank. Does not accept deposits or extend cash loans |
| Furnisher status | Furnishes consumer data to TransUnion, Equifax, Experian and Innovis |
Written correspondence for legal, licensing and compliance matters should be addressed to Kovo Financial, Inc., Legal & Compliance, Wilmington, Delaware. Copies of our formation documents and any state licence certificate are available to members on request at [email protected].
State licensing
Retail installment contracts are regulated at state level and licensing requirements differ substantially between states. Some require a licence for this activity, some require registration, and some require neither.
We hold the licences or registrations required in each state where we offer accounts, and we do not offer accounts in a state until that is in place. The current schedule — which states require a licence, which require registration, and the identifier held in each — is maintained as a separate document and is available on request at [email protected].
Where a state requires specific disclosure language, notice periods or contract formatting, those requirements are applied to your application and reproduced in the agreement you sign. You will see the disclosures that apply to you before you commit to anything.
If you believe we are operating in your state without the required authorisation, tell us and tell your state banking or financial regulator. Both are appropriate.
Product disclosure
Kovo Financial, Inc. offers a retail installment contract. Plans range from $200 to $5,000 with fixed terms of 12, 24 or 36 months. There is no annual percentage rate, no interest charge, no origination fee, no administrative fee, no late fee and no prepayment penalty.
Payment performance is reported to TransUnion®, Equifax®, Experian® and Innovis®. On-time payments may positively affect your credit score; missed payments may negatively affect it. Individual results vary. No portion of your payments is returned at the end of the term.
Rewards disclosure
Rewards eligibility requires a minimum of four on-time payments on an Installment Credit Builder account in good standing, plus activation of a qualifying third-party partner offer through the link provided and opening of that account within 15 days.
Rewards are issued as gift cards from participating retailers and are not cash. Each category may be claimed once. The maximum aggregate value is $1,225 per member across all reward categories, excluding referral bonuses. Rewards are typically issued within 90 days of the qualifying activity being confirmed by the partner. Partners, categories and caps are subject to change.
Kovo Financial, Inc. may receive a referral fee from partners when a qualifying offer is activated. This is disclosed on the rewards page and in our about page.
Score figures
Any average credit score increase referenced on this site reflects self-reported data from active members over a stated period. It is not audited, not a prediction and not a guarantee. Your outcome depends on your existing credit profile, your payment behaviour and activity reported by other lenders.
Methodology for the figure quoted on this site
| Item | Detail |
|---|---|
| Figure quoted | An average increase of 42 FICO® points |
| Measurement window | Within six months of the first reported payment |
| Observation period | 1 January 2024 to 31 December 2025 |
| Population | Members who made six consecutive on-time payments and voluntarily reported a before-and-after score |
| Source of scores | Self-reported by members, not independently verified by Kovo |
| Excluded | Members who missed a payment, closed early, or did not report a score |
| Known limitation | Self-selection. Members who saw an improvement are more likely to report one, so the true average across all members is probably lower |
We publish the limitation because a figure drawn from self-selected reporting is not the same as an audited result, and presenting it as one would be misleading. Treat it as indicative of what is possible, not as a prediction about your file.
Identity protection disclosure
Identity-fraud cover is provided through a third-party insurer and is governed by that policy, not by Kovo Financial, Inc.. The figure of up to $1,000,000 is an aggregate limit on covered recovery costs, not a benefit payable on a claim. Coverage, exclusions and claim conditions are set out in the policy document available in your account.
Trademarks
FICO® is a registered trademark of Fair Isaac Corporation. TransUnion®, Equifax®, Experian® and Innovis® are registered trademarks of their respective owners. Visa® and Mastercard® are registered trademarks of their respective owners.
Kovo Financial, Inc. is not affiliated with, sponsored by or endorsed by any of these entities. Competitor names appearing in comparison content on this site are used for identification and comparison only.
Content and imagery
Photography on this site is either supplied by Kovo Financial, Inc. or licensed under the Unsplash License. Content standards are described in our editorial policy.
Requesting a document
Copies of your signed agreement and the disclosures provided with it are in your account. Formation documents, the state licence schedule and any licence certificate are available at [email protected].
See also rates and fees and terms of service.