What types of information are used in calculating my BEACON® FICO® score?
The BEACON® FICO® score evaluates five main categories of information. Listed from most important to least important, these are:
 Payment History - Approximately 35% of your score is based on this category.
 Payment information on accounts such as Visa, MasterCard, American Express and Discover; retail department store accounts; installment loans; finance company accounts and mortgage loans.
 Public record and collection items such as bankruptcies, foreclosures, wage attachments, liens, judgments and delinquencies reported to collection agencies.
 Details on late or missed payments (delinquencies) and public record and collection items, specifically focusing on how late they were, how much was owed and the recency and frequency of the occurrence.
 How many accounts show no late payments.
 Amounts Owed - Approximately 30% of your score is based on this category.
 The amount owed on all accounts.
 The amount owed on different types of accounts.
 Whether you are showing a balance on certain type of accounts.
 The number of accounts with balances.
 How much of the total credit line is being used on credit cards and other revolving credit accounts.
 How much of the installment loan accounts is still owed, compared with the original loan amounts.
 Length of Credit History - Approximately 15% of your score is based on this category.
 How long your credit accounts have been established. The score considers both the age of your oldest account and an average age of all your accounts.
 How long specific credit accounts have been established.
 How long it has been since you used certain accounts.
 New Credit - Approximately 10% of your score is based on this category.
 How many new accounts you have.
 How long it has been since you opened a new account.
 How many recent requests for credit you have made, as indicated by inquiries to credit reporting agencies in connection with transactions initiated by you. The score does not take into account requests a creditor has made for your credit file or score in order to make a pre-approved credit offer, or to review your account with them, nor does it take into account your request for a copy of the credit file.
 Length of time since creditors made credit file inquiries.
 Whether you have a good recent credit history, following past payment problems.
 Type of credit use - Approximately 10% of your score is based on this category.
 What kinds of credit accounts you have and how many of each.

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