What is a Beacon Score?
Answer:
A Beacon Score is a number derived 
from a trademarked credit scoring software program. This program is utilized by creditors to assist in determining if an applicant will pay on time. If your Beacon Score is high, you’re considered to be a low risk for a lender. If your Beacon Score is low, you’re considered to be a high risk for a lender.

There are various Beacon programs. Although the information in your credit report may be the same each Beacon program would result in a different number. Equifax, one of the largest credit agencies has marketed the FICO scoring algorithm under the name BEACON. Therefore, the FICO score is often referred to as the Beacon score.

A new version of the Fair Isaac or FICO score is called NextGen. The three agencies market NextGen scores under different names. Experian, previously FICO, is now FICO Advanced Risk Score. Equifax, previously Beacon, is now Pinnacle. TransUnion, previously Empirica, is now Precision.
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