CFA Charterholder Francisco Faraco Finds the Solution for a Stagnating Average Credit Score in FINRA BrokerCheck
The New York-based expert thinks people can use the free online tool to improve their credit scores.
The national average credit score in the US has remained unchanged for a year, according to a report by FICO. This shows that the debt ratio is rising, which will drastically impact the living standards of Americans.
However, Francisco Jose Faraco, a CFA Charterholder and Teaching Assistant at the University of Chicago, has found a solution to this emerging financial issue.
“The expert financial advisors at FINRA BrokerCheck help individuals secure their financial future by guiding them towards making the right financial decisions .”
According to Faraco, the solution lies in using FINRA Brokercheck to help people find reliable financial advisors who can help them improve their credit scores.
The BrokerCheck database screens brokers and financial advisors before adding them to the system. The advanced system values transparency and showcases a report summary of the advisor’s credentials, including disputes, disciplinary events, and criminal records that they have. This helps people seeking financial help with their credit scores find experts in the field that they can trust.
Financial advisors chosen from Francisco Faraco FINRA BrokerCheck review clients’ credit reports, access their finances, discuss ways to improve their financial situation, come up with a tailored budget, and help them make secure investments. All of this combined helps ensure the client’s financial well-being, which paves the path to better credit scores.
Talking more about it, the CFA Charterholder said, “With inflation at an all-time high, Americans need to be more proactive about their finances.
The first step toward this is hiring a professional advisor who can give financial advice to address their current economic issues and help secure their future.
This is where BrokerCheck comes in. It’s a platform that enables people to find reliable financial experts who can guide them in their financial matters. With their help, people can make financially-sound decisions and eventually build their credit scores from the ground up. “
Francisco Jose Faraco has had decades of experience in the financial world. The CFA Charterholder has previously worked with financial giants as a Sales Trader, Portfolio Advisor, and Executive Director.
Faraco has taken his role as an educator to the next level. As a Teaching Assistant in the University of Chicago’s Financial Mathematics program, he has taken it upon himself to offer guidance to students that enable them to become financially independent in the future.
About Francisco Faraco
Francisco J. Faraco is a CFA Charterholder and a Teaching Assistant in the Masters of Science in Financial Mathematics program at the University of Chicago. Faraco helps people navigate their financial careers and has previously worked with renowned national and international financial firms.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Economic Think journalist was involved in the writing and production of this article.