Understanding Credit

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Find all you have to know about credit & credit score, here.

Beacon Score Basics

Your beacon score is a credit scoring system creditors use to help determine whether or not to give you credit.

Information about you and your credit experiences, such as your bill-paying history, the number and type of accounts you have, late payments, collection actions, outstanding debt, and the age of your accounts. Using a statistical program, creditors compare this information to the credit performance of consumers with similar profiles.