0
BEACON is the trademarked name of a scoring software program. It uses the information displayed in an Equifax credit file. (Think Kleenex vs. tissue paper) There are many different versions of BEACON programs. Some of these are BEACON 96, BEACON 5.0 and BEACON Auto Enhanced. A score requested with each program would yield a different number, even though the data in your credit report was the same. All scoring programs originate with the Fair Isaac Company, headquartered in California (FICO). They lease FICO software to Experian (formerly TRW). EMPIRICA is leased by TransUnion. Consumers may also get their own version of a score from certain companies.
Wiki User
∙ 18y 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.
