WalletScore^®

WalletScore is an innovative tool that tells you how financially healthy you are, based on your:

1. Credit: This category measures your creditworthiness, which impacts your ability to access credit when you need it at a good price.
   
2. Spending: This category measures your ability to pay off your expenses and debt to ensure you are living within your means.
   
3. Emergency Preparedness: This category measures your ability to handle a financial emergency, considering your savings, insurance policies, etc.
   
4. Retirement: This category measures your ability to retire at a reasonable age with sufficient funds from your income sources, investment accounts and other assets. 

A good WalletScore is a score between 70 and 90.

Your WalletScore is calculated based on your:

• Credit;
• Spending;
• Emergency Prep;
• Retirement.

Depending on your age, each category will weigh differently on your WalletScore.

If you want to know how to improve your WalletScore, you can check the main WalletScore page and follow your customized plan.

While your credit score is one of the four components used in calculating your WalletScore, WalletScore itself does not have any impact on your credit score. So don't worry, go ahead and get your free WalletScore today!

The main objective of WalletScore is to holistically monitor your financial health. Once you submit all the inputs requested by the tool, you will be assigned a rating for each component, evaluating your performance in that particular financial area. These ratings help you understand which areas need your immediate attention. Plus, you'll find actionable advice for how to improve any areas of your WalletScore where you might be lacking.

Your WalletScore tells you how financially healthy you are overall, while a credit score mainly tells you how responsible of a borrower you've been in the past. A traditional credit score also is an ingredient in your WalletScore, but just a small component of the overall score. In other words, WalletScore is a few steps ahead of your credit score in understanding your financial planning.