What is a beacon score on a credit report?

Answer Credit scores and credit reports reflect a complex mathematical formula that credit-rating agencies use to calculate the risk of lending money to you. The beacon score on a credit report is just on... Read More »

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What is a credit report& a FICO credit score?

A credit report is a record of an individual's debts that reflects his creditors and accounts, any public records about him and his identifying information. The credit bureaus use the information o... Read More »

What is the difference between a Beacon score and a FICO score?

The Beacon score was the name for a credit score calculated by the Experian credit bureau. The Beacon score used an older scoring algorithm developed by the Fair Isaac Corporation. It has since bee... Read More »

The Difference Between a Credit Report & Credit Score?

In ads on TV, radio and the Internet and in newspapers, you hear and see announcements about credit reports and scores. It has become so constant that borrowers are getting the message that to buy... Read More »

What does a credit report score mean?

A credit report score is a number ranging from 300 to 850 that indicates an individual's ability to adequately manage his debts. The higher his credit report score, the less risk he presents for le... Read More »