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Super Contributor
MidnightVoice
Posts: 8,161
Registered: ‎03-25-2007
0

Beacon, Fair Isaac and Empirica - confused

This is not in Credit Scoring 101!!
 
I recently was aproved for a new mortgage (didn't move, didn't need it).  But it gave me all 3 of my credit scores, which were pretty much where I expected. 
EqufaxBeacon
ExperianFairIsaac
TransunionEmpirica
 
So far, so good.  BUT - below the scores it said:
 
Here is the range of credit scores for the credit scoring companies above:  Experian Fair Isaac 375 to 900; Beacon - 350-950; Empirica - 300-850.
 
I thought that "FICO (Aka Classic or BEACON FICO) scores can range from 300 to 850" (from Credit Scoring 101) for a start.
 
And are the others FICO or FAKO?
 
And whichever they are, they are the scores my mortgage company is using.
 
So I am really dazed and confused.
 
 
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Moderator Emeritus
Tuscani
Posts: 6,182
Registered: ‎03-29-2007
0

Re: Beacon, Fair Isaac and Empirica - confused



MidnightVoice wrote:
This is not in Credit Scoring 101!!
 
I recently was aproved for a new mortgage (didn't move, didn't need it).  But it gave me all 3 of my credit scores, which were pretty much where I expected. 
EqufaxBeacon
ExperianFairIsaac
TransunionEmpirica
 
So far, so good.  BUT - below the scores it said:
 
Here is the range of credit scores for the credit scoring companies above:  Experian Fair Isaac 375 to 900; Beacon - 350-950; Empirica - 300-850.
 
I thought that "FICO (Aka Classic or BEACON FICO) scores can range from 300 to 850" (from Credit Scoring 101) for a start.
 
And are the others FICO or FAKO?
 
And whichever they are, they are the scores my mortgage company is using.
 
So I am really dazed and confused.
 
 



These are your true FICOs. The ranges listed are incorrect though. Also, don't let the BEACON, EMPIRICA, ect. confuse you.
Super Contributor
MidnightVoice
Posts: 8,161
Registered: ‎03-25-2007
0

Re: Beacon, Fair Isaac and Empirica - confused



Tuscani wrote:
 
These are your true FICOs. The ranges listed are incorrect though. Also, don't let the BEACON, EMPIRICA, ect. confuse you.


Thank you - again.  I would rate your post a 5, but....  :smileyhappy:

 
It was the ranges that threw me.  All the rest seemed correct.  But when I called the Mortgage Company they could not explain it.  Should I call them and tell them some guy on a message board knows more than they do?  :smileyvery-happy:
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Moderator Emeritus
Tuscani
Posts: 6,182
Registered: ‎03-29-2007
0

Re: Beacon, Fair Isaac and Empirica - confused



MidnightVoice wrote:


Tuscani wrote:
 
These are your true FICOs. The ranges listed are incorrect though. Also, don't let the BEACON, EMPIRICA, ect. confuse you.


Thank you - again.  I would rate your post a 5, but....  :smileyhappy:

 
It was the ranges that threw me.  All the rest seemed correct.  But when I called the Mortgage Company they could not explain it.  Should I call them and tell them some guy on a message board knows more than they do?  :smileyvery-happy:


Yes you should... JK. :smileyhappy:

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