Beacon Score
When they're not being hacked and losing 145 million users' information, Equifax will generate their own type of credit score, called the Beacon Score, to provide insight or data to potential lenders regarding their customer's creditworthiness. Unique to Equifax, the score is subjected to some slightly different math to determine the borrower's ability to repay the proposed new debt.
Transunion and Experian have their own unique scores, which are dubbed the Empirica Score and FICO Score, respectively.
Related or Semi-related Video
Finance: What is FICA?38 Views
Finance allah shmoop What is fight guy Well there's death
and there are taxes we all pay taxes and if
you don't well then you might be flirting with the
death thing But yeah pretty much everyone pays taxes and
if you accept a paycheck in america someone pays fight
got How does the government know it's going to take
your fi ca well your employer has to withhold it
from your pay He check Pika stands for federal insurance
contributions act and it represents your contribution to medicare and
social security Will fight attacks runs about fifteen point three
percent You pay half and your employer pays half Will
you actually receive the benefit from your contribution Like you
really gonna bet that social security you'll still be around
when you need it Yeah well that's another bala wax 00:00:51.339 --> [endTime] Good luck
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