Category: Uncategorized

  • What Is a Good Credit Score? (Hint: You Don’t Need an 850)

    When it comes to building credit, many people think they need to hit the magic number: 850—the highest possible credit score. But here’s the truth: you don’t need a perfect score to unlock excellent financial opportunities. In fact, once your credit score is in the high 700s, you’re already sitting in prime position to qualify…

  • Emergency Funds & Credit Scores: The Ultimate Glow-Up Combo

    The last few years have been a masterclass in economic whiplash. From pandemic-induced job losses to inflation spikes, housing market volatility, and rising interest rates, young adults—especially Gen Z—have entered adulthood under financial pressure. And with a job market that’s increasingly competitive and tech layoffs making headlines, the message is loud and clear: it’s time…

  • Navigating Tariffs and Personal Finance Amidst Panic Buying

    Tariffs are becoming an increasingly influential force in our economic lives, quietly reshaping the cost of everyday items. These import taxes, once a topic for trade economists and policymakers, now touch every consumer’s wallet. As governments impose tariffs on foreign goods—whether due to trade disputes or economic strategy—the prices of electronics, clothing, household products, and…

  • Credit Card Debt Hits Record High: How to Protect Your Finances in 2025

    As of Q3 2024, Americans are carrying a staggering $1.16 trillion in credit card debt—an 8.6% increase from the previous year and a new all-time high, according to recent market reports. The average individual balance has also climbed, rising 3.5% to $6,730. While inflation and rising living costs have contributed to this trend, it’s clear…

  • TomoCredit Recognized with “Personal Finance Innovation Award” in 9th Annual FinTech Breakthrough Awards Program

    TomoCredit is on a mission to simplify access to credit and provide personal finance education with an emphasis on inclusion for individuals often overlooked by traditional credit scoring systems. In the U.S. alone, over 28 million consumers are credit invisible, unable to fully participate in the economy due to the lack of a credit score.…

  • Why a Monthly Credit Report Check Matters

    If building or rebuilding your credit is one of your goals this year, here’s a simple habit that can make a big difference: check your credit report every month. It’s easy, free, and can help you spot errors that may be quietly hurting your credit score.Your credit report is like your financial report card. Lenders,…

  • What to do when only one spouse has great credit

    Opposites attract—especially when it comes to money. And when one partner has a strong credit score while the other is just starting to build credit, the imbalance can add unexpected stress to the relationship. A big gap in credit scores doesn’t just affect borrowing power—it can impact everything from renting an apartment to securing a…

  • TomoCredit Welcomes Former Experian CTO, Joseph Lindsay, as Chief Technology Officer

    TomoCredit, the AI-powered financial wellness platform dedicated to helping immigrants and other underserved communities access essential credit without relying on traditional credit scores, has announced that Joseph Lindsay, former CTO of Experian Open Banking, is joining the company as its new Chief Technology Officer (CTO). His extensive background in fintech and data-driven financial services positions…

  • Hard Pull vs. Soft Pull: What’s the Difference and Why It Matters for Your Credit?

    Understanding how credit inquiries work is essential for anyone looking to apply for credit, whether for a new credit card, a loan, or a mortgage. One of the most overlooked aspects of the credit approval process is the difference between a hard pull and a soft pull. While both involve a review of your credit…

  • How to Utilize High-Yield Saving for Long Term Financial Freedom

    In today’s economy, financial freedom isn’t just about earning more—it’s about making your money work for you. While investing in stocks, real estate, and retirement accounts is crucial, one often overlooked tool is a high-yield savings account (HYSA). It’s a powerful way to build wealth, maintain financial stability, and reach long-term goals without unnecessary risk.…