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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, a credit score of 579 or lower is usually classified as poor, and a score between 580 and 669 is considered fair. Only when a score is 670 or higher does it typically count as good. That said, each lender makes its own determination of […]
Car Rental Rates: How They Work
https://www.sofi.com/learn/content/how-to-get-the-best-car-rental-rates/
If you need wheels for an upcoming vacay, chances are you’re searching for rental options and trying to understand why prices can fluctuate so much. Typically, car rental rates vary based on supply and demand, just like airline tickets and hotel rooms. Lower availability generally means higher rental car rates. There are some obvious times […]
Guide to How Travel Credit Cards Work
https://www.sofi.com/learn/content/how-do-travel-credit-cards-work/
Travel credit cards can deliver such perks as airline miles, hotel points, or other rewards with every purchase. Deciding which travel credit card makes sense will depend on what types of benefits and rewards matter the most for you. If you’re a frequent traveler with one airline or hotel chain, for instance, you might find […]
What Is the Average Credit Score for a 23-Year-Old?
https://www.sofi.com/learn/content/average-credit-score-for-a-23-year-old/
It can take time to build credit and achieve a high credit score, especially for a 23-year-old, who may have recently entered the workforce or still be in school. But as of August 2024, Generation Z, which includes people aged 18-26, has an average FICO® credit score of 681. This is considered a “good” score […]
What’s the Difference Between a Hard and Soft Credit Check?
https://www.sofi.com/learn/content/soft-vs-hard-credit-inquiry-need-to-know/
The main difference between a soft vs. hard credit check is that each hard check can knock a few points off your credit score, whereas soft checks don’t affect your score. Both hard and soft checks pull the same financial data but for different purposes. Hard checks are typically done when you apply for a […]