cancel
Showing results for 
Search instead for 
Did you mean: 

Is SoFi Elite MC considered CFA?

tag
Anonymous
Not applicable

Is SoFi Elite MC considered CFA?

Theres been rumblings that SoFi is considered a Consumer Finance company which would classify it as a CFA according to FICO and result in a ding on your CRs for 10 years. 

 

Considering they recently came out with the Elite MasterCard with 2% CB issued by the Bank of Missouri I was wondering if that would fall under CFA?

 

Can anyone confirm if SoFi and or their CC is tagged CFA? 

1 REPLY 1
FinStar
Moderator Emeritus

Re: Is SoFi Elite MC considered CFA?


@Anonymous wrote:

Theres been rumblings that SoFi is considered a Consumer Finance company which would classify it as a CFA according to FICO and result in a ding on your CRs for 10 years. 

 

Considering they recently came out with the Elite MasterCard with 2% CB issued by the Bank of Missouri I was wondering if that would fall under CFA?

 

Can anyone confirm if SoFi and or their CC is tagged CFA? 


Their PLs have been known to trigger the negative [CFA] reason codes, but not their Credit Card.

Message 2 of 2
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.