What SoFi Just Told the SEC About Discharging Private Student Loans
You’ve been told private student loans can’t be discharged in bankruptcy. SoFi’s own SEC filing says some can — here’s how to find out if yours qualifies.
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Jamie Dimon Just Warned About a Credit Recession. SoFi’s Earnings Confirm It’s Already Starting.
Jamie Dimon warns a credit recession will be ‘worse than people think.’ SoFi held its forecast flat despite record earnings. Here’s what that means for your credit cards, loans, and what to do right now.
Debt Relief Insider: Federal Lawsuit Compliance Briefing — March 3, 2026
Quick Answer: 23 federal debt relief lawsuits were filed this week (February 24–March 3, 2026). This briefing organizes the alleged conduct by risk category — compliance talking points for debt relief company staff and counsel to use when reviewing current practices.23 new federal debt relief lawsuits were filed this week. Below is a compliance analysis …
Is SoFi Legit in 2026? Here’s How to Find Out
Before you borrow from or bank with SoFi, know how to research them. Here’s where to check CFPB complaints, NMLS licensing, OCC enforcement history, and Trustpilot reviews.
SoFi vs LendingClub: Which Is Worth It?
Quick Answer: SoFi appears more reliable than LendingClub, which faced FTC action for charging hidden fees and deceptive practices. LendingClub must refund over $10 million to 15,748 customers who were overcharged through undisclosed fees despite promises of “no hidden fees.Two new companies in the financial space, LendingClub and SoFi had very different days recently. It …
Student Loan Lender Article: Attorney Responds
Quick Answer: An attorney disputes SoFi’s August 2021 article claiming student loans have no statute of limitations, arguing this is misinformation since private student loans (SoFi’s specialty) are subject to statutes of limitations under state law. The article incorrectly stated this exemption four separate times, suggesting deliberate messaging rather than error.On August 4, 2021, SoFi …
SoFi Federal Loan Refinancing: Myth vs Reality
Quick Answer: SoFi is a legitimate refinancing company, but converting federal student loans to private loans eliminates crucial benefits like Income-Based Repayment (IBR). Senior citizens with $100,000+ in federal student debt should typically maintain IBR until death when remaining balances are forgiven.Question:Dear Steve,I am a senior citizen with over $100,000 in student loan debt.I have …
SoFi Review: Is It Legit After FTC Settlement?
Quick Answer: SoFi remains a legitimate student loan refinancer despite settling FTC charges for falsely advertising inflated savings figures since 2016. The company agreed to stop misrepresenting savings amounts that sometimes doubled actual averages by excluding borrowers who would pay more over their loan terms.Online student loan refinancer SoFi has agreed to stop misrepresenting how …
401(k) or Home Equity for Debt: Myth vs Reality
Quick Answer: The reader should avoid 401(k) loans for debt consolidation and instead consider using available property equity from three properties totaling $590K. While the reader wants to avoid property loans, home equity lines typically offer better rates than 401(k) loans and don’t jeopardize retirement savings during strong market performance.Question:Dear Steve,I have approximately $150K in …
SoFi Student Loan Consolidation Review: Is It Worth It?
Quick Answer: SoFi student loan consolidation may be possible for the high-interest Sallie Mae loans, but the borrower’s 650 credit score and past late payments could limit qualification or result in higher rates. Before refinancing, one should verify whether any loans are federal (which offer special repayment protections that would be lost) by checking the …
