Financial planning is key when it comes to making different types of investments. However, technology now plays a key role in financial planning with the increasing use of software to analyze and predict certain financial outcomes. Access to historical data to compare different types of investments, assess their viability and predict a profit margin are all tasks which have been simplified due to this premium software.
Valuation formulas for different types of securities, risk assessment, equity analysis done in real time within seconds are just some of the highlights of these financial planning tools. The five most popular softwares which have now become mainstream financial planning tools include:
Money Tree: Money Tree has designed a number of softwares and additional tools to be primarily used by bankers. The Silver program, MoneyGuidePro, eMoney Advisor are just some of the financial products associated with this software beneficial for estate planning, retirement planning, and even educational funding plans. An easy to use software which can be integrated with various third-party programs, especially to run certain scenarios to predict financial outcomes making it one of the popular financial planning tools available in the market.
MoneyGuidePro: Visually interactive, MoneyGuidePro is designed to engage whoever is using it to input different choices and mimic certain desired financial outcomes. This software can be integrated with many third-party programs, similar to that of Money Tree which makes it a comprehensive financial planning tools for end users.
eMoney Advisor: Cash flow analysis module is the premier highlight of this software, with a financial feed that provides you with real-time data for analysis. Additional features allow clients to access their financial data to take printouts. Real-time data helps financial advisors stay on top of their game and assess the best investment options available.
Advicent: While the eMoney advisor is best known for its cash flow analysis module, NaviPlan by Advicent features a detailed cash management module. The user interface of this software includes a side by side on screen comparison for investments and scenario simulations best suited for financial analysis for retirement accumulation, distribution of the assets and liabilities of clients.
Advizr: This software offers sophisticated financial planning tools for social security, stress tests for retirement planning and more. Of all the software available in the market, Advizr is the only one which has a comprehensive focus on retirement planning which makes it one of the best financial planning tools for investment advisors.
There are companies that work on collecting and maintaining credit information of consumers. These are known as credit reporting agencies (CRAs). There are three such major CRAs in the country, namely Equifax, Experian, and TransUnion. Apart from these, there are other smaller-scale agencies too that specialize at the job. If you’re worried about “where to get my credit score?,” the larger CRAs are the most reliable bets.
These major CRAs obtain information from companies that you hold business and transactions with. People or companies that lend you money regularly report to these CRAs on your repaying status. There is also detailed information on the amount you are indebted and whether you have ever defaulted on your payments. Aside from the reports obtained from lenders, these companies also tally your general records based on certain other aspects. Some of these aspects are your public records from the local and state judiciary. These include your tax records and bankruptcy information. This information makes up an important chunk of your credit score and its report.
Equifax
Present in 24 countries, Equifax is an agency that offers consumers protection against identity theft and credit fraudulence. They also sell credit reports and credit monitoring assistance to businesses.
Experian
Experian started off in London and is now a trusted agency in 39 different countries. It provides you with a credit score, credit report, and even credit tracker on subscription. The agency uses FICO 8 system of credit score calculation. Experian was a part of Forbes’ “World’s Most Innovative Companies” in 2018.
TransUnion
Based across 30 countries with a database of over 1 billion consumers, TransUnion is another CRA giant. The agency, like the other ones, will provide you with your credit score and your credit reports. In case you decide to freeze your TransUnion credit report, it will also go the extra mile to notify Equifax and Experian, which frankly is a big help especially in case of identity theft and credit fraud.
So, the next time you are sat wondering “where to get my credit score?,” think of these three giants that provide you with an annual credit score and credit report for free once each year. However, if you are looking for more frequent updates, you can subscribe to their services and receive your monthly updates.
Did you know that you have more than a single credit score? Agencies calculate your credit score based on the data in your credit reports. If you are wondering, “where to get my credit score?,” there are three main credit reporting agencies. These can have different credit scores for you if your information on each of their credit reports is different. Also, these agencies charge a fee to reveal your credit score.
Recently, it has become easier to track and get hold of your credit score without paying any fees. You can get it from your credit card company, your loan provider, and even from a non-profit counselor. Here are a few tips you can use to check your score.