Reply
Super Contributor
Posts: 8,188
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
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
Posts: 8,188
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
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:
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.