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which bank use beacon 5 like myfico?

Established Contributor

which bank use beacon 5 like myfico?

I know usaa used beacon 5 .

10/2012 Started with 588 EQ Fico score and 20+ CA and CO
1750$ total CL
10/2013 in 700 Club
Personal :Total CL 196K
Business : Total CL 200K
Business LOC : 1M
Garden From 10/13/2013
Message 1 of 10
9 REPLIES
Frequent Contributor

Re: which bank use beacon 5 like myfico?

My Navy fed EQ/TU is always to the T by matching myfico.

BK: 7 filed 3/31/12 - Discharged 6/27/12
Made some poor choices and life snowballed
BK: 13 filed 7/29/16 - on a 36th month time out
No CC - No Loans - Student Loans all current.
Message 2 of 10
Contributor

Re: which bank use beacon 5 like myfico?

what do you mean,please fill me in on this whole "beacon 5" term.

Message 3 of 10
Valued Contributor

Re: which bank use beacon 5 like myfico?


mojobones89 wrote:

what do you mean,please fill me in on this whole "beacon 5" term.


Type of EQ Fico score

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
Message 4 of 10
Established Contributor

Re: which bank use beacon 5 like myfico?

EQ Fico score base on 2004 model.  04 models are the one's used most widely.  

 

quifax Beacon 5.0 Facta
Experian Fair Isaac V2
Trans Union FICO Risk score Classic 04


My Starting Score: EQ: 691 (11/30/11) TU98: 726 (11/30/11)
My Current Score: EQ: 779 (04/22/13) TU08: 835 (06/03/13)
DW Starting Score: EQ: 742 (03/02/12) TU98: 748 (03/02/12)
DW Current Score: EQ: 784 (03/11/13) TU08: 775 (06/03/13)
Message 5 of 10
Mega Contributor

Re: which bank use beacon 5 like myfico?

Not sure about TU04 being widely used currently. Any pulls ive been getting lately for TU is right on with TU08.



EQ FICO 548 3/3/16
Message 6 of 10
Established Contributor

Re: which bank use beacon 5 like myfico?


LS2982 wrote:
Not sure about TU04 being widely used currently. Any pulls ive been getting lately for TU is right on with TU08.

Interesting.  Are you talking about credit card apps?  Most posts says TU04 is still being pulled for mortgage apps.


My Starting Score: EQ: 691 (11/30/11) TU98: 726 (11/30/11)
My Current Score: EQ: 779 (04/22/13) TU08: 835 (06/03/13)
DW Starting Score: EQ: 742 (03/02/12) TU98: 748 (03/02/12)
DW Current Score: EQ: 784 (03/11/13) TU08: 775 (06/03/13)
Message 7 of 10
Established Contributor

Re: which bank use beacon 5 like myfico?

its look like only USAA pulled beacon 5. and another bank they pull by these score systems

10/2012 Started with 588 EQ Fico score and 20+ CA and CO
1750$ total CL
10/2013 in 700 Club
Personal :Total CL 196K
Business : Total CL 200K
Business LOC : 1M
Garden From 10/13/2013
Message 8 of 10
Frequent Contributor

Re: which bank use beacon 5 like myfico?

Wells Fargo uses Beacon 5 for Mortgages.


Starting Score: 6/6/12: TU 585/EQ 472/ EX 561
Current Score: TU04 774, EQ5.0 761/ EXv2 783
New goal 800
Cap1 QS $17k, Chase Southwest- $15k, Discover IT - $40k
Message 9 of 10
Valued Contributor

Re: which bank use beacon 5 like myfico?

NFCU pulls it.  AFAIK, almost any bank that pulls EQ is going to pull this model.  check whogavemecredit or the pulls database

EX:694 TU:744 EQ:777
Amex ED $19.5k - BoA Travel Rewards $15k - CSP $5k - SDFCU EMV $15k - NFCU goRewards $20k - Barclays Arrival $6.5k
Message 10 of 10