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American credit card debt continues to climb while GenZ is unaware of APR repercussions
According to Bankrate, 46% of credit card holders are currently carrying debt month-to-month due to inflation and paying for daily expenses. 50% of GenZ don’t know and don’t understand the APR linked to their debt. So what does this mean? With no real idea of when inflation will start to go down, many young adults…
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How to Get a Perfect 850 Credit Score
If you suffer from a low or (in many cases) no credit score, it may be quite difficult to achieve some of your personal financial goals. Some of these goals include: obtaining an auto loan, mortgage, or applying for any other types of loans. According to FICO’s most recent statistics, only 1.6% of 232 million…
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6 Tips for First Time Credit Card Holders in 2023
It’s 2023 and you’ve finally decided to open a credit card. Congrats and welcome to the credit building family! We’re so proud of you for taking action towards your personal financial journey 🙂 TomoCredit wants to share with you 6 tips that will help you maximize your Tomo card: 1. Pay your bills on time. Luckily,…
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Goodbye BNPL in 2022, Hello BNPN (Buy Now, Pay Now) in 2023!
BNPL has taken consumers by storm in the last few years. But these apps, like Klarna, Afterpay, etc. should not be expecting the same results from spenders in 2023. Consumers this new year are much more diligent and smart with how they spend their money. With more tools and education on financial literacy and startups,…
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This startup wants you to reach the highest credit score FAST in 2023!
As many of us are planning our New Year’s Resolutions, it seems safe to say that Financial Resolutions usually make the top of the list. This year, TomoCredit, an SF based startup, wants to help millions reach their highest credit score, as FAST as possible. TomoCredit is targeted towards GenZ and Millenials and aimed at…
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How to get approved for credit cards when you have no/bad credit score
This New Year, TomoCredit, a fintech startup based out of San Francisco, CA, wants to help you build credit even if you don’t have a credit history! (or if you simply need to rebuild your score). The Tomo card, better known as “GenZ’s favorite credit card”, lets you build credit without having ANY credit history.…
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Time is Money, and Money is Time
Time management is something we could all get better at, let’s be honest. Whether it be on the job, in school, or even in your personal life, effective time management has significant benefits. Time management helps you accomplish more tasks quickly and leaves you stress free. There are many different ways to go about managing…
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5 best ways to build your credit score
For better or worse, one of the most important metrics in your financial life is your credit score. Most Americans aren’t well informed of this in their traditional upbringing and as a result are left playing catch-up later in life or simply don’t understand some of the core benefits of having a high credit score.…
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Millennial Focus #1: Sri Ramakrishnan
College is one of the toughest times to manage your personal finances. We know this and this is why we interviewed a (relatively) recent college grad and budgeting maestro Sri Ramakrishnan to learn more about his approach regarding college finances and personal tools. Our conversation here below: Tomo: Hi Sri, thanks for taking the time…
