406 Search Results
Why Did My Credit Score Drop When My Credit Card Balance Decreased?
Paying down your credit card debt is a huge win for your finances, but you might see your credit score go down even after you lower your balance. While this can be confusing, the drop is often due to other factors, like the types of credit you have and the length of your credit history. […]
Credit Card Debt Forgiveness: What It Is and How It Works
https://www.sofi.com/learn/content/credit-card-debt-forgiveness/
If you’re overwhelmed by credit card debt, you might consider credit card debt forgiveness, which can involve paying less than you owe. This type of credit forgiveness is rare, however, and it usually comes with some financial consequences. Still, if you’re unable to repay your credit card balance, it may be an option worth exploring. […]
How Do I Check My Credit Score?
https://www.sofi.com/learn/content/how-to-check-credit-score-without-paying/
If you’ve ever wanted to check your credit score and do so without dinging your score or paying a cent, guess what? It’s possible. You can get that important three-digit number from a number of sources. In fact, your bank or credit card company may provide just what you are looking for. Why is your […]
10 Common Credit Card Scams and How to Avoid Them
https://www.sofi.com/learn/content/credit-card-scams/
Credit card fraud added up to $246 million last year, rising 12% from the prior year. As scammers come up with new ways to get sensitive credit card information and prey upon consumers, it can be a smart move to acquaint yourself with tactics they commonly use, from phishing scams to credit card reader scams […]
What Is FICO Score vs. Credit Karma Score?
https://www.sofi.com/learn/content/what-is-fico-score-vs-credit-karma-score/
Understanding the differences between a FICO® Score and a Credit Karma Score is essential for managing your credit health. Both scores provide insight into your creditworthiness, but they are calculated using different models and data sources. The FICO Score, developed by the Fair Isaac Corporation, is the most widely used credit scoring model by lenders, […]