0
Determining a beacon score is difficult, they use a number of factors:
Credit history length
Payment history
Credit utilization ratio
Types of credit used
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
Is your beacon score and FICA score the same?
A beacon score is just the name given to the equifax branded FICO score. So your FICO score and beacon score will be the same if your FICO score is pulled using your equifax credit report.
What is the difference between your credit score and your beacon score?
Your beacon score is basically an equifax branded FICO score, there is no difference except that a beacon score uses data found in your equifax credit report only. So if data furnishers do not report to equifax it will not appear on their credit report and thus this information will not be reflected in your beacon score.
Is 500 a good beacon score?
no
What is a excellent beacon score?
850+
Is a 5 beacon score good or bad?
A Beacon score of 5 is impossible, the score ranges between 300 and 850. I'll assume you meant 500, this is considered to be 'very bad'.
What is the highest beacon score possible?
850 is the highest beacon score possible.
Is your beacon score and FICA score the same?
A beacon score is just the name given to the equifax branded FICO score. So your FICO score and beacon score will be the same if your FICO score is pulled using your equifax credit report.
What is the difference between your credit score and your beacon score?
Your beacon score is basically an equifax branded FICO score, there is no difference except that a beacon score uses data found in your equifax credit report only. So if data furnishers do not report to equifax it will not appear on their credit report and thus this information will not be reflected in your beacon score.
Beacon score zero what does that mean?
This means that you have no credit history according to equifax and thus they were not able to produce a beacon score.
Is 500 a good beacon score?
no
What is a excellent beacon score?
850+
What is the purpose of the beacon score?
The beacon score is a very important equation in your credit score. It is a number generated by the Equifax Credit Bureau that determines ones credit worthiness.
Is a 5 beacon score good or bad?
A Beacon score of 5 is impossible, the score ranges between 300 and 850. I'll assume you meant 500, this is considered to be 'very bad'.
What is a Beacon 5.0 score?
beacon 5.0 is a system equifax uses to calculate your credit in numerical form which produces a number known as a credit score.
Is a beacon score different from a fico score?
Beacon is the trade name that Equifax uses to describe their version of the FICO score it is the same scoring model though for more information see thecreditguy.tv
Is 689 a good beacon score with a 5.0 factor?
NO
What if the score is higher than beacon score?
Your question does not make any sense, please rephrase it.
