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What is an above average beacon score?

Updated: 9/13/2023
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15y ago

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The ABOVE average score is around 750. Once a person achieves a score of around 725 or more they are going to get the best interest rates available. Most banks guidelines for determining your interest rates cutoff around 725, meaning that a person with a score of 725 will qualify for the same rate as someone with a perfect score of 850. So if your worried about getting that 850 score and your a 750 don't worry either way you are considered great to any bank. The average score today is 675. With the economy bad and the credit crunch happening if you are just average you may have a harder time obtaining a loan.

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15y ago
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Q: What is an above average beacon score?
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Related questions

Is a beacon score of five good with a credit score of 675?

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.


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.


What is a good score for IQ tests?

The average score on an IQ test is about 100. If you score higher than that, your score will be above average.


What is a good score for an IQ test?

The average score on an IQ test is about 100. If you score higher than that, your score will be above average.


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.


What is a Vanguard credit score?

Just curious what the difference is between a Vanguard score and a Beacon score?? Which is the most credible and respected in the credit world and which one should your average consumer be most concerned about?


What is an above average IQ score?

An average IQ score is 90 - 109 points. Technically anything higher than 109 points is "above average," although a "gifted" score is 130 points or more.