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Tips and news—
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Financial Insights

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FINANCIAL INSIGHTS

Track and manage all
your finances, all in one place.

✓ Log in to just one app to view all your financial accounts.
✓ See your spending, set budgets, monitor credit, and more—for free.
✓ Keep your data protected with multifactor authentication.


Get started

Checking your rate will not affect your credit score.


Based on SoFi Members. This claim may not be representative of the experience of all other customers. | Updated: 3/27/2025

See how SoFi could help you get
your full financial picture.

1/5

Credit score monitoring

Track your credit score with weekly updates and
earn rewards points1 every time it goes up five
points or more.


Learn more

2/5

Budgeting and spending

Set budgets, categorize your spending, and spot
upcoming bills with a free budget planner.


Learn more

3/5

Property tracking

Track the value of your home and real estate
investments right along with the rest of your
personal finances.


Learn more

4/5

Debt summary

View, organize, and understand your current debt and
learn how to better manage it with insights from our
free debt tracker.


Learn more

5/5

Investment portfolio

See all your investment accounts at once and
track how they change with the market.


Learn more


See all your accounts—not just SoFi ones.

You can instantly connect to more than 12,000 financial institutions. That means your easy-to-use dashboard could include your checking, savings, student loan, credit card, mortgage, investment, retirement, and other accounts—plus credit score monitoring, budgeting tools, and more. Did we mention it’s free?


Get started

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Knowing your credit
score is the
first step to financial wellness.

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Keeping score.

Get weekly updates, understand the factors that drive your credit score, and get rewards points every time it goes up five points or more.

You’re covered.

Multifactor authentication helps keep your personal data safe and secure.

Check it anytime.

We only do a “soft” pull on your credit, so it won’t hurt your score or your wallet—plus it’s free.

Powered by TransUnion®.

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


Get started

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Don’t take our word for it.
See what members have to say.


I love using SoFi to see an up to date snapshot on my full financial picture. Being able to pull in all my accounts, review equity in my home, and monitor my credit score gives me a true one stop shop to “get my money right.” Having up to date info all pulled together let’s me save time and feel confident that I know my full financial picture.

—Brad S.

Actual SoFi Ambassador.

SoFi has been the best tool to save me time, money and helps me accomplish my future financial goals and the best of all it’s all in one app. The setup is simple and you never have to go through several logins to see all your information on one screen.

—Anja C.

Actual SoFi Ambassador.

The best part about using SoFi is the ability to see your financials broken down by cash, investments, credit cards, loans and property. It helps me have a better understanding of where all of my money lives and how it increases or decreases my net worth over time. SoFi has helped me become more confident with my financials and help me start to better prepare for retirement. This is a tool that everyone should take advantage of.

—Betty T.

Actual SoFi Ambassador.

SoFi has been incredibly helpful in having a clear, consolidated picture of my finances. A regularly updated credit score encourages me to constantly improve it, while seeing my investments gives me confidence for future goals and retirement. SoFi also keeps me honest when spending money and guides me towards better habits.

—Ethan T.

Actual SoFi Ambassador.

The best part about SoFi is the ability to see all my accounts, investment, credit, and more all in one place. SoFi offers me a one-stop-shop to view my net worth on all one platform. My spending and investing habits have improved thanks to the ability to see upcoming recurring expenses, monthly savings, and spending categories. Credit score monitoring also provided me with reminders that I was doing the right thing with my credit habits. All in all, I feel more confident than ever to lead my wallet into the world safely.

—Austin W.

Actual SoFi Ambassador.


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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.


How many financial institutions can I connect to SoFi?
You can securely connect to more than 12,000+ financial institutions with SoFi. Once you’ve linked
your account, you can track all your finances across both your SoFi and external financial accounts in one
money tracker app. If your bank is not listed, you can manually link your accounts or assets to view your
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.

Learn more: What Factors Affect Your Credit Score?


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.

Learn more: Does Checking Your Credit Score Lower Your Rating?



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.

Learn more: Why Does Creditworthiness Matter?



Are SoFi’s financial insights features free?
Yes, all of SoFi’s features including credit score monitoring, online budgeting and spending tracker,
debt summary and more are free to use!


See more FAQs

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Learn more about budgeting.








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Master your finances all in one place.

See all your accounts in one free, easy-to-use dashboard.


Get started


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Online Life Insurance


Powered by
Ladder

Life insurance
made easy.

SoFi has teamed up with Ladder to

bring you term

life insurance that’s

competitive, quick to set up, and

easy to understand.


Get my quote


Calculate my needs

We are directing you to Ladder to complete your application. SoFi will not be your host and is not responsible for content provided. You will be subject to Ladder’s Privacy Policy and Terms & Conditions. SoFi is compensated by Ladder for each issued term life policy.

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Why Ladder?

Apply for life insurance coverage in minutes and get a decision instantly. As your life changes, you can always decrease or cancel your coverage with a couple of clicks. No fees, no hassle.

Flexible coverage

Get coverage that ranges from $100K to $8M and 10 to 30 years. Adjust at any time.

Great rates

Ladder offers competitive insurance rates for the coverage that’s right for you.

Quick application

Get your quote and apply in minutes. Medical tests are not required for eligible applicants.1

Trustworthy

Rated 4.8 out of 5 stars on Trustpilot on over 2,500 reviews.

How to get life insurance:

1

Get started

Select your coverage
amount and term.

2

Apply online

Complete your application in
minutes—eligible cases don’t require a medical test.1

3

Instant Decision

We value your time.
Check it off your list.


Get my life insurance quote

Easily create and manage your estate plan.

For a limited time get 20% off a trust, will, or guardianship through our partner, Trust & Will.*


Learn more


The service provides forms for your use, not legal advice. Using these documents is not a substitute for obtaining legal advice.

Life Insurance FAQs


What is term life insurance?

Term life insurance is life insurance that provides coverage at a fixed price for a specific period of time. As such, it is often less expensive than permanent life insurance products that typically cover you for the entirety of your life. To find out more about term life and other helpful articles, visit Ladder’s Knowledge Center. You can also reach out to their helpful experts with any questions at 1-855-622-0299.



What is life insurance?

Life insurance is a contract that provides your loved ones with a lump-sum, tax-free payment, known as a death benefit, after you pass away. In exchange for your regular premium payments, it acts as a financial safety net to help your family cover expenses like mortgage payments, college tuition, or daily living costs.


What is whole life insurance?

Whole life insurance is a type of permanent life insurance that provides coverage for your entire life and also builds a cash value that you can borrow against. Unlike term life insurance, which only covers you for a specific period, a whole life policy doesn’t expire and its premiums typically remain the same.



Is life insurance taxable?

No, the death benefit from a life insurance policy is paid out to your beneficiaries almost always 100% income-tax-free. This is one of the most significant advantages of life insurance, as it allows you to pass on money to your loved ones without creating a tax burden for them.


How does life insurance work?

Life insurance works in a few simple steps: you purchase a policy and pay regular premiums to keep it active. If you pass away while the policy is in force, the insurance company pays the predetermined death benefit to the person (or people) you named as your beneficiary. They can then use that money for any purpose.



How much is life insurance?

The cost of life insurance varies widely but can be surprisingly affordable, especially for young, healthy individuals. Your specific premium is based on factors like your age, health, lifestyle (e.g., smoking), and the type and amount of coverage you choose. A healthy 30-year-old, for example, might find a significant term policy for less than $30 a month.


What does life insurance cover?

Life insurance provides a cash payout that your beneficiaries can use for any financial need without restriction. Commonly, life insurance covers everything from immediate expenses like funeral costs to long-term needs like replacing lost income, paying off a mortgage, funding college education, or simply providing a financial cushion during a difficult time.



How much life insurance do I need?

Life insurance needs vary from person to person. Calculate your needs by using this life insurance calculator.


Is there someone I can call to learn more?

You can speak with Ladder’s helpful experts by calling 1-855-622-0299. They are licensed, but not commissioned agents that can answer any questions you might have.


See All FAQs

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