147 Search Results
147 Search Results
https://www.sofi.com/learn/how-long-does-a-charge-off-stay-on-your-credit-report/
When you stop making payments on a loan or credit card, the creditor may eventually close the account and label it a charge-off, which can stay on your credit report for up to seven years. This can be extremely damaging to your credit report and doesn’t get you off the hook for repaying what you […]
https://www.sofi.com/learn/content/credit-card-bonus-offers/
Limited-time credit card offers require you to take action within a certain time frame to maximize cash back, travel miles, and other perks in return for charging everyday purchases. Setting reminders and taking other steps can allow you to enjoy these credit card offers to the fullest. Learn more about how these programs work. How […]
https://www.sofi.com/learn/content/credit-card-hardship-program/
If you’re experiencing a temporary financial setback and have fallen behind on your credit card debt, you’re not alone. According to Federal Reserve Economic Data, credit card delinquency rates increased 10.7% in the first quarter of this year. Having to repay credit card bills when you’re struggling financially — whether due to an emergency expense […]
https://www.sofi.com/learn/content/does-balance-transfer-affect-credit-score/
A balance transfer can affect your credit score either positively or negatively — though the upsides are likely to outweigh any adverse effects in the long-term if you manage the balance transfer responsibly. Typically, applying for a new line of credit triggers a hard credit inquiry, which temporarily lowers your credit score by five points […]
https://www.sofi.com/learn/content/avoiding-interest-on-credit-cards/
Paying interest can be a fact of life for many credit cardholders. In most cases, carrying a balance month to month on a credit card will trigger interest charges, which is essentially the cost of borrowing money from a credit card company. Compared to other types of debt, such as mortgages and car loans, credit […]
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