Thursday, November 13, 2008

How to Calculate Beacon Score

How to Calculate Beacon Score

Your beacon score, or credit score, is crucial to making any type of large purchases or getting a credit card. Missing payments is one of the ways credit scores often plummet. Beacon scores are calculated using a number of different factors. Your score will range from 300 to 850, with 850 being the best. Most people are happy with a score of 600 or higher.

Instructions

    1

    Visit AnnualCreditReport.com to request a free credit report.

    2

    Fill out the form on the site correctly otherwise your score will be incorrect.

    3

    Choose which sites that you would like to receive a credit report from. You will then be taken to each site you chose.

    4

    Answer the questions on each site correctly. This is where account numbers and other account information may be needed.

    5

    Complete the remaining steps, if any, on the site you chose in Step 1. You will then be sent your free credit report with your calculated beacon score.

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