Get it from us: Your credit score is more important than you think.
The higher your score, the more discounts you will get on mortgages, car loans or credit cards, and even the deposit for your next apartment or car rental.
Your credit score is a three-digit number from 300 to 850. It is based on your payment history, the credit limit you use, the credit limit, the type of credit limit, and other factors.
Basically, it measures how well you managed funds in the past and is used to predict how you will manage funds in the future. Banks and credit card companies use it to determine whether they are willing to lend you money-and at what interest rate. Landlords and potential employers will also look at your score.
So what is your score and how do you improve it?You can find using a free tool called SoFi Relay, Please rest assured that your credit will not be damaged
SoFi will check your score for you and send you an alert when your score changes. It can also give you insight into the main factors that affect your credit score.
However, this free money management application does more than that. Once you link your account to it, it will track all your funds in one place. It is an expense tracker that helps you see where your money is going and shows you a high-level overview of your financial situation-all on your phone. If you want, the spending tracker will help you set monthly spending goals.
More than 500,000 people are already using SoFi Relay. If you join them, SoFi will provide you with a cash reward of up to $10 for your registration credit score monitoring within a limited time.
How to get $10 just by signing up for credit monitoring
SoFi is a financial company, probably best known for refinancing student loans at a better interest rate. But it also has a range of other financial services-such as mortgages, personal loans, investments, automatic investments, IRA, life insurance, and credit cards.
SoFi members can also chat one-on-one with financial planners for free. This financial advisor can advise you and help you set goals.
and yours $10 reward for registration Used for credit scoring monitoring? It will be deposited into your SoFi Money cash management account, and you can open the account within 60 seconds.
SoFi Money can help you save, spend and earn interest. It pays six times the national average interest rate, and does not charge account fees or overdraft fees. If you set up direct deposit, you can get your salary up to two days in advance. There is no minimum balance requirement.
The following are its other functions:
- A debit card that can use more than 55,000 ATMs for free.
- Auto-save feature allows you to allocate salary to specific savings goals
- The FDIC provides insurance for your deposits.
- Regular cashback offers.
- If needed, savings can be automatically summarized. Let your debit card round your purchases to the nearest dollar so you can save or invest in changes in your numbers.
In short, SoFi provides you with many tools to help you manage your funds in a better and smarter way.
There are no overdraft fees. Free consultation with financial advisors. Take some loans at the lowest interest rate. Different investment methods.
Now, a free way to track your credit score-and tips on how to improve it. Start here See how much you can improve.
Mike Brasfield ([email protected]) Is the senior writer of The Penny Hoarder. You better believe that he will pay close attention to his credit score.
* Penny Hoarder is a paid affiliate/partner of SoFi. This material is not intended as a recommendation, nor is it intended to indicate that any product mentioned is suitable for all members, as personal results, needs and financial conditions may vary.
** Please refer to SoFi.com to see all product disclosures, terms and conditions, state restrictions, and applicable fees.