What is a FlexScore?

If you have heard of FlexScore, you may be wondering how it compares to your credit score.  A FlexScore is a new scoring system that is aimed at helping individuals improve their finances instead of simply revealing how potential creditors view them when applying for credit.  In addition to the standard question associated with credit scores (“How am I doing?”), the financial advisors who created FlexScores are also trying to answer, “How do I improve my current situation?”  The hope is to help consumers improve their financial situation in addition to telling them their current position.

To find out more about FlexScores read, “Will FlexScore Replace Credit Scores?”