A 650 + is decent. 680+ is much better. 720+ is excellent and can support many loan programs and best interest rates.
no
583-619 is bad credit score in credit score range
NO
Yes. It' very good.
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'.
no
583-619 is bad credit score in credit score range
NO
Yes. It' very good.
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'.
850 is the highest beacon score possible.
yes.
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.
Yes your almost there, the coveted 700 Club
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.
560-619 credit score is very risky. So it is not a good score. At first you have to check why you have this type of score. Then you have to increase it. If your score is higher than 660, you will be considered a good credit risk.
The Beacon version 5.0 is the formula which was created by FICO (Fair Isaac Company) and is used by Equifax to calculate a credit score. Considering that the average FICO score in the US is 680, your score would fall just below average.