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Beacon Score/Fico Ssore

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Beacon Score/Fico Ssore

Beacon Score and Fico Score- What's the difference?????

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Re: Beacon Score/Fico Ssore

 


@anderl wrote:

Beacon Score and Fico Score- What's the difference?????


There's no difference.  That's just the name Equifax uses to distinguished itself although FICO is owned by Fair Isaac. 

 

Each bureau uses a different name for its score, even if it uses the same FICO algorithm to generate the score. For example:
- Experian uses the term "FICO or FICO II",
- TransUnion uses "Empirica"
- Equifax uses "Beacon"

For NextGen FICO scores, (created by Fair Isaac Corp.) the new names became:
- FICO advanced risk score, used by Experian
- Precision, used by TransUnion
- Pinnacle, used by Equifax

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Established Contributor

Re: Beacon Score/Fico Ssore

And there are versions of those scores as well.

 

For example, Beacon 5 is the score available to us here at MyFico. It is also the most commonly used version of the EQ Fico score.

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