“Balance Transfer for Bad Credit”

117 Search Results

117 Search Results

What Is a Secured Credit Card & How Does It Work?

What Is a Secured Credit Card & How Does It Work?

https://www.sofi.com/learn/content/what-is-a-secured-credit-card/

A “secured” credit card is one that requires a security deposit — typically several hundred dollars — that is used as collateral in case the cardholder fails to make payments. If you have a brief credit history or dinged credit, a secured credit card can be a good tool for building credit. Why care about […]


Breaking Down the Different Types of Credit Cards

Breaking Down the Different Types of Credit Cards

https://www.sofi.com/learn/content/different-types-of-credit-cards/

With so many credit card options out there, it may be hard to choose a new one. Are you loyal to a particular airline or hotel chain? Perhaps you want to redeem credit card points as statement credits. Or you’re a big grocery or gasoline spender. Savvy consumers may be interested in innovative uses like […]


Paying off $50,000 in Credit Card Debt

Paying off $50,000 in Credit Card Debt

https://www.sofi.com/learn/content/50000-credit-card-debt/

Not all debt is bad. In fact, taking out loans and using credit cards responsibly is how most people build credit to access low-interest loans in the future. However, a problem arises if budgeting is poorly managed or finances become tight. In either case, it’s easy to slide further and further into debt with no […]


Balance Transfer Credit Cards vs Personal Loans

Balance Transfer Credit Cards vs Personal Loans

https://www.sofi.com/learn/content/balance-transfer-vs-personal-loan/

Three ways to consolidate and pay off debt are a balance transfer credit card, a personal loan, or a combination of the two. Which option is best depends on the type and amount of debt you have and your ability to pay off that debt over time. For instance, a balance transfer credit card might […]


What Is Considered a Bad Credit Score?

What Is Considered a Bad Credit Score?

https://www.sofi.com/learn/content/bad-credit-score-range/

On the popular credit score spectrum of 300 to 850, where does a score start breaking bad? Different sources cite 670 or 630 or 600. But each lender makes its own determination of which credit scores are considered risky. You usually need a credit score of at least 620 to get a conventional mortgage (one […]


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