The Credit System
Information On Your Credit Score
How To Improve Your Credit Score
How the Beacon Score System Works
Beacon Scores are determined by the credit reporting bureau (Equifax) based on information
received by your creditors.
The information supplied by creditors to the credit bureau includes items that determine a person's
general credit worthiness; this includes information on: late payments/payments paid on time,
current balances compared to credit limit, and any adverse comments from creditors (judgments,
collections) etc...
This is the credit industry method of giving a universal risk factor to credit applicants. They are
measuring their ’risk ratio’ of not getting paid back in lending the money
How To Improve Your Credit Score
How the Beacon Score System Works
Beacon Scores are determined by the credit reporting bureau (Equifax) based on information
received by your creditors.
The information supplied by creditors to the credit bureau includes items that determine a person's
general credit worthiness; this includes information on: late payments/payments paid on time,
current balances compared to credit limit, and any adverse comments from creditors (judgments,
collections) etc...
This is the credit industry method of giving a universal risk factor to credit applicants. They are
measuring their ’risk ratio’ of not getting paid back in lending the money
Information On Your Credit Score
How To Improve Your Credit Score
How the Beacon Score System Works
How To Improve Your Credit Score
How the Beacon Score System Works
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |