Does anyone know the difference between your beacon auto score and FICO are they the same is FICO lower or higher then your beacon score? anyone know....reason why I ask pulled my FICO score on Monday and they were the same scores that my lender gave me when I filed for my Mortgage refi which I got with and average score of 633 not that my new Mortgage shows up which my old one did not scores are all 630 or 665 so anyway would my beacon score be lower then my Mortgage score ?
This happened to me in October 03. The information is exactly the same. However, any lates on installment auto loans are weighted heavier. Therefore, if you have late auto loans ever, your score will be lower than the score you get from mortgage/online scores.
If you have no lates on installment loans (car, boat, riding mower) your beacon will be higher then your EQ fico. If you have any lates on your installment loans, then your beacon wil be lower than your EQ FICO. Beacon score is an EQ product, so it is based only on your EQ report.
