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  • Writer's pictureNate Baim, MBA, CFP®

Your Credit Score May Be Changing

Enjoy this week's edition of the Planner's Beta

Beta (n) - climber's jargon that designates information about a climb This digest's purpose is to share observations, ideas, and treasures found this week which you may also find insightful. Sharing does not mean it's an endorsement. I am endorsing the pursuit of knowledge and exploration.

Something Fun

Drones, Phones, Clothes: New Technology Helps Search Teams In Northwest Woods And Mountains (OPB) - Getting lost in the mountains can be fun. Part of the benefit is cutting all connection to the outside world. However, if you are lost, hurt, or stranded, having a link to the outside world becomes very important. Becky and I use GPS when in the hills (and we are shopping for a simple two-way satellite communication unit). Fortunately, we have never needed help. But when it comes time for the professionals to help those in need, technology is aiding search and rescue response times. Which got me thinking, it will be interesting to see how even more remote communication access will change our relationship with the wild. Are people going to take more risks?

Something about Personal Finance

FICO Is About To Change Credit Scores. Here's Why It Matters (NPR) - Do you know your credit score? Your credit score impacts the interest rates of your loans, what apartments you may rent, and potential job opportunities. FICO (short for Fair Issac Corp), usually updates how they track credit scores every five years. With this update, FICO will place a heavier emphasis on personal loans. With these changes, there may be as much as a 20 point swing in individuals' credit scores. FICO is doing this to enable lenders to understand how people are using debt. They want to identify people who may be using personal loans to reduce interest rates and consolidate debt but are not reducing their total debt burden. Having a lot of debt is seen as risky to banks. Although these changes may have an impact on your credit score, it is essential to remember the core five metrics will remain the most important for determining the rating. These factors are payment history, percentage of credit used, the mix of loans, length of credit history, and how many new account applications.

Something about Investing / Economics

How Global Trade Runs on U.S. Dollars (The Wall Street Journal) - Does your retirement or investment accounts hold international mutual funds or ETF? Understanding of the influence of the dollar on global trade is essential. This short WSJ video explains how the dollar acts as the conduit for international trade. The video also examines cases where other countries and trading blocks trade with state actors such as Iran and North Korea without entangling itself into U.S. legal jurisdiction. It is incredible when one steps back to see how interconnected the world is, how many independent actors there are, and how innovation and competition are ever-present.


Have something on your mind? Schedule a free call with Nate.


Pursuit Planning and Investments, LLC is an Investment Adviser registered with the State of Oregon. All views, expressions, and opinions included in this communication are subject to change. This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. We may, from time to time, have a position in the securities mentioned and may execute transactions that may not be consistent with this communication's conclusions. Past results do not guarantee future results. Please contact us at 971-803-5948 if there is any change in your financial situation, needs, goals or objectives, or if you wish to initiate any restrictions on the management of the account or modify existing restrictions.  Additionally, we recommend you compare any account reports from PPI with the account statements from your Custodian.  Please notify us if you do not receive statements from your Custodian on at least a quarterly basis.  Our current disclosure brochure, Form ADV Part 2, is available for your review upon request, and on our website, This disclosure brochure, or a summary of material changes made, is also provided to our clients on an annual basis.


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