How to Calculate a Beacon Score

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Calculating a Beacon score requires obtaining a credit report from the Equifax credit bureau, as each bureau has its own nickname for their scores. Access your Beacon score by submitting the appropriate forms with advice from a credit repair consultant in this free video on personal finance.

Part of the Video Series: Credit Ratings & Bad Credit
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Video Transcript

Stetson Lowe. In this clip, we're going to talk about how to calculate your Beacon score. Your Beacon score is basically the credit score given the repository called Equifax. Each credit bureau has their own brand name for their credit scores. Equifax is the Beacon score, Experian is the Fair Issac, and TransUnion is called the Classic score. So, you can again visit annualcreditreport.com, choose Equifax, that would be your Beacon score. Fill out the proper information, and make sure it's 100% accurate, or your Beacon score could be inaccurate. So, accuracy is always key when obtaining credit reports. Choose which bureaus you want to receive reports from, and submit those forms. And you'll receive your Beacon score, as well as a Classic and a Fair Issac score as well.

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