SoFi Blog

Tips and news—
for your financial moves.

Mar
01
2019
colorful peaks

February Monthly Market Commentary

By | invest, Money | No Comments

The Rise of the Activist Investor

If you’ve been keeping up on the news, you may have heard about SoFi’s latest hands-on way to put your money to work through Active Investing. But are you familiar with the class of investors bearing a similar-sounding title, who are driving dramatic change in the market?

For the uninitiated, activist investors are individuals who buy shares at a public company with the intent of gaining a seat on the board and affecting major change.

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Feb
19
2019

Can I edit my order?

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Market orders cannot be edited, as they will be executed in real-time. Orders can be cancelled if they are scheduled but not yet executed. They cannot be edited after the order has been executed.

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Feb
19
2019

How do I fund the account?

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You can fund the account by linking your SoFi Money account, checking or savings account, or initiating an account transfer (ACAT), rollover, check, or wire. You can either set up a recurring deposit to make sure you have money ready for when you want to buy, or make a one-time deposit any time.

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Feb
13
2019

Relay LP

By | Uncategorized | Comments Off on Relay LP


RELAY FINANCIAL INSIGHTS

Track your money

like a champion.

SoFi Relay tracks all of your money, all in one place.
Get credit score monitoring,
spending breakdowns, financial insights, and more—at no cost.


Get started

Team up to
Get Your Money Right®

SoFi Relay makes it easy to know where you stand,

what you spend, and how to hit your financial goals—all in one app.

See the big picture.

Connect all of your accounts on one mobile dashboard to get a bird’s-eye view of your balances on the go.

Monitor your credit score.

Track your credit score at no cost, with weekly updates to help you stay on top of when your score changes.

Track your spending.

Set monthly spending targets, and review your top spending categories.

Set multiple goals.

Talk one-on-one with a financial planner to set ambitious goals for your money and your life, too.

The power to track what impacts

your credit score.


Understand what affects your score.

Stay up-to-date with any changes to the key factors contributing to your credit score and learn about the influence you can have on them.

Powered by TransUnion®.

Get your VantageScore® 3.0 credit score, a model developed by all three national credit reporting companies.

This won’t hurt your credit score, or your wallet.

We only do a “soft” pull on your credit. Check your score as often as you want—it won’t hurt your score, and it’s at no cost to you.


Get started

FAQs


What accounts can I link?
You can link your deposit account (checking, savings), investment, and retirement accounts as well as credit cards, student loans, mortgages, and other liabilities. If you’re not able to link your account, you will be able to manually add an account or asset (like an owned car or home) so that you’re able to see your entire net worth.


What are the primary components of my credit score?

SoFi leverages the TransUnion VantageScore 3.0 model which includes several key components:

  • Payment History – comprised of whether you regularly pay your bills on time.
  • Credit Age and Type – average age of your credit accounts and mix of various types such as revolving debt and installment debt. An example of revolving debt is a credit card and an example of installment debt is a student loan.
  • Credit Utilization – the percentage of your credit limit you currently have outstanding.
  • Balances – balances on your credit accounts including current balances as well as delinquent accounts.
  • Inquiries – recent inquiries or applications for new credit.
  • Available Credit – amount of available credit that is unused.



Will checking my credit hurt my credit score?

Checking your own credit report is considered a soft inquiry, which does not impact your credit score.



Why does my credit score matter?

Your credit score is used by lenders, among others, as they review your applications for credit and determine your creditworthiness which might influence if they are willing to extend credit and at what terms. It might also be used by landlords, utility providers, and prospective employers.


See more FAQs


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SoFi Daily

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