43 Search Results
43 Search Results
https://www.sofi.com/learn/content/does-financing-a-phone-build-credit/
If you’re wondering whether financing a phone builds credit, the answer is that it depends. In some cases, financing a phone may help you build credit — but only if the financing company reports your payment activity to the credit bureaus. Further, you’ll need to consistently make on-time payments if you’d like to build your […]
https://www.sofi.com/learn/content/why-did-my-credit-score-drop-20-points-for-no-reason/
There are several explanations for why your credit score might fluctuate by a few points now and then. But if you’ve noticed that your score is down by as many as 20 points, and you can’t think of any reason for this dramatic drop, it’s a good idea to do some checking ASAP. This can […]
https://www.sofi.com/learn/content/what-are-credit-card-points/
Credit card points are a common incentive for cardholders to actively make purchases on a rewards credit card. Once earned, cardholders can use credit card points toward a redemption option they find worthwhile. This can include travel or a purchase credit toward a good or service. Read on to learn more about how credit card […]
https://www.sofi.com/learn/content/refinancing-credit-card-debt/
Spending is on the rise — and so is consumer debt. Americans carry, on average, three credit cards and have $6,501 in credit card debt. Overall, U.S. credit card debt is $129 billion higher than it was one year ago. That amount of debt can be a challenge to pay down along with regular monthly […]
https://www.sofi.com/learn/content/charge-card-vs-credit-card/
Though the terms may be used interchangeably, there are major differences: With a credit card, you can either pay your full monthly bill or a portion of it. With a charge card, no matter how much you owe, you’re expected to pay the monthly bill in full. That’s not the only thing that sets these […]
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