Customer Reviews SoFi is generally well-reviewed, with 3.2 stars on TrustPilot. Clients say they are pleased with the ease of the application process, speed of funding and helpfulness of customer support.
Is SoFi legitimate
Is SoFi legal? Yes, SoFi is a legitimate business simply because SoFi is a registered industry in the states it serves, which is usually a legal requirement to become a legitimate lender. Another reason why SoFi personal loans are legal could be that the lender has an A+ rating from the Better Business Bureau.
Is SoFi a Chinese company
also known as SoFi) is an American personal finance company and online bank. Based in San Francisco, SoFi offers financial products including candidate refinancing and auto loans, mortgages, personal loans, credit cards, investments and reviews through mobile apps and desktop interfaces.
Does using SoFi hurt your credit score
Yes, a SoFi personal loan will affect your credit score both when you apply and how quickly you pay off your loan. Initially, a SoFi mortgage will have a negative impact on your credit score, but the long-term impact can be very positive as you potentially repay the loan on the base.
What credit score do I need to get a SoFi loan
Good Consumer Credit Required: SoFi requires a minimum credit score of 680 to qualify for an approved personal loan. No Same Day Funding: According to SoFi, once approved, borrowers will receive funds within a few months.
Is Sofi a good bank
SoFi Money may not be an ideal replacement for your basic checking or money market accounts, but it can still be a good and healthy way to save in the short term and manage the expenses you want to invest through SoFi. Sofi may be right for you if: You will benefit from access to other products, including loans, financial investments, career counseling and free financial travel.
Is Sofi a good loan company
Sofi is a good choice if the person has good or excellent credit (usually around 700). SoFi loans for individuals have many benefits for borrowers, including a maximum payday advance amount ($100,000), competitive interest rates (5.99-18.85%* auto-payment), favorable loan terms (two to five years) and no hidden fees (this means no setup, late or prepaid fees).
Is Sofi a good brokerage
SoFi is regulated by the main financial regulators: the Financial Industry Regulatory Authority (FINRA), the Securities and Exchange Commission (SEC) and therefore can be considered a positive broker. SoFi allows social trading in addition to this trading.