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Established Contributor
TrishN
Posts: 505
Registered: ‎11-05-2012
0

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
Frequent Contributor
ihatemyscore
Posts: 283
Registered: ‎02-05-2012
0

Re: which bank use beacon 5 like myfico?

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

Last App: 9/16/13
BK Discharge: 6/12
NavyFCU Flagship Visa Sig $10k | NavyFCU nReward Secured $500 | NavChek $5k | Walmart $600 | Capital 1 Quicksilver $750 | Capital 1 Plat $1k | Kays $400 | Amazon $600 | Express $250 |
Contributor
mojobones89
Posts: 252
Registered: ‎01-21-2013
0

Re: which bank use beacon 5 like myfico?

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

Valued Contributor
Dustink
Posts: 2,980
Registered: ‎10-02-2012
0

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:21    


     $14k          $8.5K          $7.5k          $7.5k         $6.5k             $6k             $5k            $5k             $5k              $5k           NPSL       @ 0%
Established Contributor
pakman92
Posts: 650
Registered: ‎03-01-2012
0

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)
Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011
0

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.



Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Established Contributor
pakman92
Posts: 650
Registered: ‎03-01-2012
0

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)
Established Contributor
TrishN
Posts: 505
Registered: ‎11-05-2012
0

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
Regular Contributor
mmmlive1999
Posts: 145
Registered: ‎12-18-2012
0

Re: which bank use beacon 5 like myfico?

Wells Fargo uses Beacon 5 for Mortgages.

Starting Score: 06/06/2012:FAKO TU 585/EQ 472/ EX 561
Current Score: TU08 696, EQ5.0 679/ EX08 660
Goal Score: 700 by 12/2014

Cap1 Venture-$3800, Quicksilver-$1750,Chase Freedom-$2200, Discover IT - $1400
Store Cards: Vic.Sec -$650, Walmart-$650 ,Gap $400( as of 9/19/2014)
Community Leader
Valued Contributor
DaveSignal
Posts: 2,111
Registered: ‎07-29-2011
0

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

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