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Beacon Score?

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Anonymous
Not applicable

Beacon Score?

We want to apply for a loan......but wanted to know if we would qualify first.

Hubby asked the bank what score you needed to get the best rate........and/or qualify.

They said they use Beacon scores? Where the heck would I find my Beacon score? We wanted to apply tomorrow.....any insight would be helpful.
Message 1 of 6
5 REPLIES 5
shawnette
Regular Contributor

Re: Beacon Score?

Beacon is Equifax.
Message 2 of 6
Anonymous
Not applicable

Re: Beacon Score?

Thanks a bunch!

Is it FAKO of Fico?
Message 3 of 6
Anonymous
Not applicable

Re: Beacon Score?

Beacon is a FICO score-
Message 4 of 6
nosxih
Regular Contributor

Re: Beacon Score?

The way the CR that my lender pulled (which she gave me a PDF version of) is:
 
Equifax          Beacon 5.0 FACTA (FICO)
Trans Union  FICO Classic 04
Experian        FICO v2
 
Please don't ask me to decipher those but maybe someone else can.
 
Message 5 of 6
Anonymous
Not applicable

Re: Beacon Score?

sure-  These are the FICO versions for each CRA-
 
Equifax          Beacon 5.0 FACTA (FICO) - Same Ver as myFICO
Trans Union  FICO Classic 04 - Newer than myFICO-
Experian        FICO v2 -Same Ver as myFICO
 
I heard a rumor that myFICO is putting in the Classic 04 version for TU soon- 


nosxih wrote:
The way the CR that my lender pulled (which she gave me a PDF version of) is:
 
Equifax          Beacon 5.0 FACTA (FICO)
Trans Union  FICO Classic 04
Experian        FICO v2
 
Please don't ask me to decipher those but maybe someone else can.
 



Message 6 of 6
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