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Why It’s Still Not the Right Time to Refinance Your Mortgage
Last Monday, mortgage rates saw a surprising dip, bringing hope to many homeowners looking to refinance. However, despite the excitement, it may not be the perfect time to jump on the refinancing bandwagon just yet. Here’s why refinancing now might not be the best financial decision and why it’s more important than ever to be…
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Make the Most of Holiday Spending with Smart Planning
The holiday season is a time for joy, family, and, let’s face it, quite a bit of spending. With the holiday shopping season upon us, it’s essential to get prepared so you can enjoy the festivities without experiencing a post-holiday financial headache. Here are some smart ways to maximize credit card perks, set a budget,…
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Great Credit Can Unlock Business Capital
Building a solid credit score isn’t just about securing personal loans or getting favorable rates on credit cards. For small business owners, a great credit score can be the key to unlocking capital, fueling growth, and driving success. A strong credit profile makes it easier to access the funds needed to expand, hire, or cover…
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Smart Holiday Spending: How to Budget and Still Enjoy the Season
The holiday season is a time of celebration, connection, and giving. However, it’s also a time when many people find themselves overspending and feeling the financial strain that often follows in January. With so many expenses tied to gifts, travel, food, and parties, it’s easy to lose track of your budget. But the good news…
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How TomoCredit Simplifies U.S. Insurance to Protect What Matters Most
Insurance plays a critical role in safeguarding your financial well-being, acting as a buffer against unexpected life events that can impact your home, vehicle, health, and even your pets. In the U.S., a wide variety of insurance options exist—homeowners, renters, auto, pet, and life insurance, to name a few. Each serves a specific purpose in…
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How a Potential Interest Rate Drop Could Work in Your Favor
With the potential for an interest rate drop, many consumers may wonder how it could impact their financial situation. A decrease in interest rates can present several valuable opportunities, especially for those looking to borrow or refinance existing debt. One of the most significant benefits of a rate drop is the potential for lower mortgage…
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Divorced and in Debt? Here’s How to Save Your Credit and Bounce Back Stronger
Divorce can be one of the most emotionally challenging experiences a person goes through, with the heartache often extending into unexpected corners of life—like finances. One aspect often overlooked is the hit your credit score might take as a result. While the act of getting divorced doesn’t directly affect your credit score, the financial ripple…
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Fixed- Vs. Adjustable-Rate Mortgage (ARM): What’s The Difference?
With the rate change around the corner, If buying a home has been on your mind, you aren’t alone. Based on our Credit coaching calls with our Tomo members, the number one reason why they want to build credit is “to buy my first house”. Homeownership is a hot topic for GenZ and millennials and…
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Rising Credit Card Delinquencies: Consequences and Solutions
Credit card delinquencies, the state of falling behind on your credit card payments, can create a ripple effect on your financial health. As delinquencies increase, the consequences become more severe, affecting not only your credit score but also your overall financial stability. In this blog, we’ll explore what happens when your credit card delinquencies are…
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Mastering Money at as a young adult: Build Credit, Grow Wealth, and Care for Aging Parents
Entering adulthood is an exciting time filled with new opportunities and responsibilities. A significant part of these responsibilities involves personal finance. Recently, an article featured on Supermoney titled “Can I Get A Credit Card At 17?” highlighted how today’s young adults are proactive and thoughtful about planning their financial future. For many young adults, this…
