0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
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.
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.
Determine beacon score?
Determining a beacon score is difficult, they use a number of factors: Credit history length Payment history Credit utilization ratio Types of credit used
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.
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 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 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.
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.
Determine beacon score?
Determining a beacon score is difficult, they use a number of factors: Credit history length Payment history Credit utilization ratio Types of credit used
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.
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.
Could having an Equity Line of Credit possibly hurt your Credit Bureau Beacon score?
Definitely, your credit score isn
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.
Your credit scores are t628 eq555 ex554 so what is your beacon score?
can someone answer it
Can i buy a car with a 548 beacon score?
Yes you can, just not with regular credit
Is a beacon score of 680 good?
A credit score derived from the application of a credit scoring model created by the Fair, Isaac Company to a consumer's credit file held by a credit reporting company. FICO® scores range from 300 to 850, but almost all consumers have a score between the 600s and 700s. A beacon score of 680 is considered to be falls into the 'Good' category by 5 points.
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?
