Fico Score and Beacon Scores

[NLYTN]

So i have recently been speaking with an Auto dealership and found out they pull Equifax and Experian Beacon 4.  My question is do these both exist? I have seen Equifax but not Experian. Also these are completely different from Ficos? Has anyone had any experience with these ( are they typically lower or higher than FICOs?). Any help would be great.

[jamie123]

There are actually many many real FICO scores. There are different flavors used by different industries. You can purchase the 3 Bureau scores and report here at MyFICO for $59.99 and it will give you 19 different scores that include all the important scores that most lenders use. You get the FICO 08, FICO Mortgage, FICO Auto and FICO Bankcard scores from EQ, TU and EX.

[takeshi74]

---

@NLYTN wrote:

Also these are completely different from Ficos?

---

Beacon scores are FICO's.  I've only seen Beacon in reference to Equifax scores.  I don't see a reference to Experian Beacon 4 in there but don't overlook the Understanding FICO Scoring subforum and its stickies.  As stated above there are many FICO models used by creditors -- not just FICO 8.

---

@NLYTN wrote:

So i have recently been speaking with an Auto dealership and found out they pull Equifax

---

 "Equifax" by itself doesn't tell you the scoring model either.  That's just the CRA.  You may want to double check the scores that they said they pull for both of the scores you mentioned.

---

@NLYTN wrote:

are they typically lower or higher than FICOs?

---

In addition to the above your question has another flawed assumption.  FICO models do not all have the same scoring range nor do they all weigh factors the same.  Therefore FICO models do not all generate the same score.  Otherwise there would be no point in having different models.  FICO could just have one model versus a number of different models that all produced the same result.

[Anonymous]

Don't be confused by the name. There are two Experian Fico versions used for auto loans based on experian data: FICO® Auto Score 8 and FICO® Auto Score 2. 

If you want to know your scores, buy the 3B report on myfico.com and you will get 19 different Fico scores.