A specific credit score developed by Equifax. There are thousands of slightly different credit scoring formulas used by bankers, lenders, creditors, insurers and retailers. Each score can vary somewhat in how it evaluates your credit data. Check your credit score online.
"BEACON" and "Empirca" are used interchangeably within RSBL, as both are Credit Bureau Application scores. BEACON is calculated from a customer's Equifax credit file and is used to understand a customer's likelihood to repay. The score uses a mathematical equation that evaluates information on the customer's credit file compared to information patterns in millions of past credit files. BEACON scores can range from 300 to 850. The higher the score, the lower the risk to creditors. The Trans Union (Canada's other main bureau provider) equivalent of the BEACON score is the Empirica score.
A credit score that is calculated from Equifax credit report, on the basis of scoring models formulated by Equifax and Fair, Isaac and Company Inc
This is your credit score that creditors look at when determining if you are credit worthy. Your Beacon Score is determined by negative entries such as late payments which would decrease your score or a positive, timely payment history on your accounts which would increase your score.
A Beacon score is a credit scoring system used by Equifax, one of the the major credit bureaus. This score is used by many lenders to evaluate one's ability or creditworthiness to repay loans. See also FICO Score.
a credit score used by Equifax credit bureau
a number used by lenders to help determine the likelihood that an applicant will pay creditors on time
a number used by lenders to help determine the Welcome to newsseer
a rating issued by Credit Reporting agencies for the purpose of determining what your creditworthiness is
a trademarked term used by Equifax
Your Beacon Score is determined by negative entries such as late payments which would decrease your score or a positive, timely payment history on your accounts which would increase your score. This is the score creditors use when determining your credit worthiness.
A credit score that ranges from 300 - 850 and is based on how well you have repaid your obligations.
A credit rating, also referred to as a credit score, used by banks and other lenders, indicating a person's credit worthiness (poor, fair, good, excellent, etc.) in comparison to others.
Your Beacon Score is the credit score that creditors look at when determining if you are credit-worthy. Itâ€(tm)s determined by negative entries for late payments, and positive entries for payments on time. Note that every time you apply for credit, it becomes a negative entry.
Your beacon score is recorded on your credit report, telling creditors if you're creditworthy. It's determined by the amount of activity on your report, including positive factors like timely payment of loans, and negative factors like late payments. Every time you apply for credit, it's counted as a negative on your beacon score.
