Up to date info on credit scores - Posted by Ed Garcia
Posted by Ed Garcia on January 14, 2001 at 10:38:17:
Up to date info on credit scores
For those of you who are concerned about finding out your credit score. Isaac revealed details this week about its plan to offer consumers their FICO scores over the Internet.
According to Fair, Isaac, the service will provide consumers with individual Equifax credit profiles and their BEACON scores. BEACON is the name Equifax gives to FICO scores, three-digit numbers that are based on a formula created by Fair, Isaac.
Consumers will also receive personalized score analyses that explains how their scores may be interpreted by lenders. The analyses will also explain how their credit behavior affects their scores.
I think this news is important because we should have access to these scores since they effect how lenders view us. Our borrowing power depends on such scores.