Terms of Service

1. DESCRIPTION OF SERVICE

Kredinet provides a financial technology platform that allows users ("Sponsors") to finance the purchase of essential assets and services for third-party beneficiaries through authorized international merchants. Our service includes payment orchestration, automated installment scheduling, and credit history reporting to major credit bureaus.

2. ELIGIBILITY

To use Kredinet, you must:

  • Be a legal resident of the United States.
  • Be at least 18 years of age.
  • Possess a valid Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN).
  • Maintain an active U.S. bank account compatible with our Open Banking partners.

3. PAYMENTS AND FEES

  • Initial Payment: A mandatory down payment of 20% of the total asset value is required to activate the service.
  • Monthly Management Fee: Kredinet charges a flat monthly service fee of $9.50 USD. This is a flat fee for platform access and credit reporting services; we do not charge interest rates (0% APR).
  • Payment Method: All payments are processed via Trustly (Open Banking) or authorized ACH transfers. By linking your account, you authorize Kredinet to initiate pre-authorized quincenal (bi-weekly) debits.

4. CREDIT REPORTING DISCLOSURE

Kredinet partners with Bloom Credit to report your payment activity to national credit bureaus (Experian, Equifax, and TransUnion).

  • Positive Reporting: Timely payments may help build or improve your credit profile.
  • Negative Reporting: Late payments (over 30 days) or defaults may be reported to credit bureaus and could negatively impact your credit score.

5. RESPONSIBILITY FOR THE CREDIT

The Sponsor (User) acknowledges that they are solely and exclusively responsible for the total repayment of the credit extended. The obligation to pay Kredinet is independent of the use, location, or status of the financed asset. Kredinet does not pursue collection actions against third-party beneficiaries located outside of the United States.

6. CANCELLATIONS AND REFUNDS

Once the asset has been delivered/verified by the international merchant, the transaction is considered final. Any disputes regarding the physical asset must be handled directly with the merchant under their specific warranty policies.

7. DATA PRIVACY AND SECURITY

We use industry-standard encryption (AES-256) to protect your sensitive information. Your bank credentials are never stored by Kredinet; they are handled securely by our Open Banking partner, Trustly.