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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.…

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,…

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, 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…

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…

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.…

Life is unpredictable. Emergencies, unexpected expenses, and financial shortfalls can arise when you least expect them. Whether it’s a medical bill, credit card bill, a car repair, or just making ends meet before your next paycheck, having access to quick cash can be a lifesaver. Without a safety net, these financial challenges can create unnecessary…

AI tools continuously analyze your spending patterns to detect unusual activities. Services like machine learning-based fraud alerts can instantly flag suspicious transactions, enabling you to take swift action before significant damage occurs. Many banks and credit card companies now use AI algorithms to monitor real-time transactions, detecting and blocking fraudulent charges proactively. Choosing financial institutions…

As we embark on a new year, there’s no better time to take control of your financial future. Whether you’re looking to build your savings, pay off debt, or prepare for big life changes, setting both short-term and long-term financial goals is essential. Here’s a guide to help you define, plan, and achieve your financial…

Credit card debt has become a persistent challenge for a significant portion of the U.S. population. According to recent statistics, the average American household carries over $8,000 in credit card debt, a financial burden that can quickly spiral out of control. While some individuals face credit card debt due to unavoidable circumstances like medical emergencies…