Financial Well Being Check-Up | Credit Score

What is your credit score?

Your credit score (FICO) is an assessment of your ability to repay debt. Banks and other lenders use it to help decide if you will be approved for a credit card or loan. A lower score can make it harder for you to be approved or get the lowest interest rates on a loan. Your credit score is based on your credit history, which includes things like the length of your credit history, percent of available credit used and your payment history.

You can get your credit score in a variety of ways.

This chart from Smart About Money shows the range of credit scores and how lenders view them.
Source: https://www.smartaboutmoney.org/Courses/My-Financial-Well-Being-Plan/Size-Up-Your-Credit-Score

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Marshall Financial Group, Inc (“Marshall Financial”) is an SEC-registered investment adviser with its principal place of business in Doylestown, Pennsylvania.   This newsletter is limited to the dissemination of general information pertaining to Marshall Financial Group’s investment advisory services.  Investing involves risk, including risk of loss.  References to market indices are included for informational purposes only as it is not possible to directly invest in an index. The historical performance results of an index do not reflect the deduction of transaction, custodial, and management fees, which would decrease performance results. It should not be assumed that your account performance or the volatility of any securities held in your account will correspond directly to any comparative benchmark index.

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