Category: Uncategorized

  • 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…

  • The Impact of Debt on Credit Scores and the Path to Financial Recovery

    In today’s fast-paced world, it’s not uncommon for people to find themselves in debt. Whether it’s due to student loans, credit cards, medical bills, or unexpected expenses, debt can accumulate quickly and become overwhelming. Unfortunately, carrying significant debt can severely impact your credit score, which can, in turn, affect your ability to secure loans, rent…

  • How Long Does It Take to Build Your Credit to an Ideal Score?

    Building your credit to an ideal score is crucial to financial health. It can significantly impact your ability to secure loans, obtain favorable interest rates, and even rent an apartment. For most people, the journey to an ideal credit score can range from 3 to 6 months, depending on their starting point and the strategies…

  • Why a Good Credit Score is Important and How TomoCredit’s Dispute Service Can Help

    A good credit score is more than just a number; it’s a key indicator of your financial health and stability. In today’s high-interest market, having a good credit score opens doors to various opportunities and can save you significant amounts of money over time. Understanding why a good credit score is important and how to…

  • Is TomoCredit Legit?

    In today’s financial landscape, finding a trustworthy and reliable credit service can be challenging. In fact, financial services are typically the least trusted industry by the general population – and the economic crisis of 2008 is one of many reasons why new customers are generally cautious when it comes to new financial products.  With so…

  • New Challenge for US Credit System: Modernizing the Outdated Credit Score 

    Across industries, consumers exchange personal data for greater convenience and personalized experiences. From tailored recommendations on shopping sites to customized streaming selections, sharing data like browsing history and household habits leads to improved services. However, the financial services industry lags in using data to enhance credit experiences. Today’s credit system relies on three major U.S.…

  • A Young Professional’s Guide: How to make smart career moves in a high interest rate environment:

    At TomoCredit, we understand the unique challenges young and mid-age professionals face in today’s dynamic job market. As you navigate career transitions, explore new opportunities, and consider purchasing property, understanding the financial landscape is crucial. Here’s a closer look at the recent trends in mortgage rates, their implications for homebuyers, and strategies for managing your…

  • Revitalize Your Credit Score through TomoCredit’s Rent Reporting Magic

    Credit scores are integral to financial freedom and stability, influencing everything from housing opportunities to loan conditions. For many, especially young adults and new immigrants, building a robust credit score can be a formidable challenge. Recognizing this, TomoCredit has introduced a novel approach to credit building through their TomoCredit Rent Report service, which allows rent…

  • Redefining Creditworthiness: TomoCredit’s Revolutionary Cash Score and AI Financial Advisor

    In 2024, TomoCredit unveiled a transformative advancement in the realm of credit scoring: the TomoCredit Cash Score. This pioneering feature is designed to empower individuals with less-than-excellent credit scores by evaluating their creditworthiness based on their assets rather than just their credit history. Coupled with the AI Financial Advisor, this innovation is set to revolutionize the…

  • The Credit System Is Broken

    Here at Tomo, we are thrilled to announce TomoScore. Have you ever been frustrated because you were rejected by a credit card or mortgage? We’ve got your back. Now with Tomo, you can leverage your existing bank account to get approved instantly. You can add any bank accounts that you currently have with Tomo, and…