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SoFi Blog

Tips and news—
for your financial moves.

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Soft vs Hard Credit Inquiry: What You Need to Know

Did you know that a company can get your credit information with just your name, address, date of birth, and consent? A common misconception is that a social security number is needed.

Credit checks are an uncomfortable fact of adulthood. Everything from buying a home or car, renting an apartment, taking out a personal loan, applying to certain jobs and even having utilities turned on, can involve a credit check. Yet one of the confusing aspects of having good credit is that even as credit checks are becoming more common, having too many can lower your credit score.

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sofi wealth, market commentary

Signs of Expansion – Week of January 11, 2017

So far the world is living up to the hype of a post-election economic expansion. Economies are large, inertial systems and there is little doubt that the seeds of the current uptick in activity were laid several months ago. Regardless, the upward revisions in expected growth and inflation after the election of Donald Trump continue to be vindicated as the data fits the narrative. We are beginning to hear more about increased uncertainty surrounding Trump’s economic policies but our experience is that economic forecasters always view the world as “unusually” uncertain.

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What a Trump presidency means for student loans

What a Donald Trump Presidency Means for Student Loans

With the world’s longest election campaign season finally behind us, people across the country are trying to understand what a Donald Trump presidency means for them. If you’re one of the 40 million Americans with student loans, that means taking a closer look at President Trump’s statements about the runaway growth of college tuition and student loan debt, and his proposed plans to remedy the problems.

And if you missed our CEO Mike Cagney’s recent article in Business Insider discussing how the student loan industry will change this year, we recommend checking it out.

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How to pay off student debt faster in 2017

17 Ways to Accelerate Your Student Loan Payoff

New Year’s resolutions come and go, but student loans? Not so much. When next year rolls around, wouldn’t it be nice to see you’ve made a significant dent in your student debt—or have even decimated it completely?

If you’re serious about paying off student loans, we’ve got 17 easy and effective ways to help you do it. Check out our list, and start committing to your financial resolutions today!

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Physician assistant Ashleigh Shepard on getting out of student debt

How Physician Assistant Ashleigh Shepard Fast-Tracked Her Way Out of $102K in Student Debt and Into Her Happily Ever After

In our latest member spotlight, we speak to Ashleigh Shepard and learn why she chose The University of Florida to pursue her graduate degree in Physician Assistant Studies, and how she tackled a monthly student loan payment that was more than her rent – all the while she and her fiancé save for their first home.

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