Overall, SoFi is a superb choice for individuals who’re wanting a reduced-costs financing. not, there’s something to understand before taking out a great SoFi financing. Make sure you take into account the positives and negatives very carefully prior to making a decision.
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When it comes to borrowing from SoFi, there are a few requirements you’ll need to meet in order to be eligible. First and foremost, you must have a good credit score. SoFi looks for borrowers that have fico scores of at least 680, although the better your credit score, the more favorable the terms of your loan will be.
In addition to a strong credit score, you’ll need to have a steady source of income in order to qualify for a loan from SoFi. This can come in the form of full-time employment, self-employment, or even alimony or youngster help payments. As long as you have a reliable source of income, you should be able to qualify for a loan from SoFi.
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