84 Search Results
What Is a Tradeline on a Credit Report?
https://www.sofi.com/learn/content/what-is-a-credit-tradeline/
A tradeline is the term used by the three major credit reporting bureaus — Equifax®, Experian®, and TransUnion® — to describe any one of the accounts listed on your credit report. Each account has its own tradeline, and each tradeline contains information about the creditor, your account, and your debt. Tradelines make up a good […]
Why Did My Credit Score Drop 100 Points for No Reason?
https://www.sofi.com/learn/content/why-did-my-credit-score-drop-100-points-for-no-reason/
Credit scores measure your financial health at a given point in time. Ideally, your score increases as you build your credit history, so a sudden decline can leave you wondering why. Several things can cause a credit score to fall 100 points (or more), and late payments are often at the top of the list. […]
Reasons for a Denied Personal Loan
https://www.sofi.com/learn/content/denied-for-personal-loans/
There are several reasons why you might be denied a personal loan, ranging from a lower credit score or income than required to incorrect information on your application. No doubt about it, though: Being denied for a denied personal loan can add stress to your life when you expect money to come through. Follow this […]
Guide to Canceling a Credit Card Payment
https://www.sofi.com/learn/content/cancel-credit-card-payment/
Whether you’ve noticed a potentially fraudulent charge or you simply changed your mind on a purchase, there are a number of reasons why you might want to cancel a credit card payment. Luckily, there are actions you can take to do so, assuming the payment falls within certain parameters. Read on to learn how to […]
Does Applying for Credit Cards Hurt Your Credit Score?
https://www.sofi.com/learn/content/does-applying-for-credit-cards-hurt-credit-score/
Applying for credit cards isn’t something you should take lightly because it can lower your credit score with each application you submit. Reviewing a credit card application typically involves a hard credit inquiry, which usually lowers a score by perhaps five points or so. If you were to fill out several credit card applications at […]