A person’s beacon score is a number that defines that person’s credit-worthiness. In your words, it is also your credit score. Getting a good beacon score would mean that you could be deemed worthy to purchase large amounts with your credit card. Credit scores can be affected negatively when you miss paying your credit card bills. Beacon scores are usually measured from a scoring range of 300 to 850. A beacon score of 600 and above is deemed worthy for credit. If you would like to find out what your beacon score is, here are some simple steps on how to do it.
- Get a credit report. Getting a credit report would enable you to review and calculate your score well. You can get your free credit report by visiting sites that offer such services. You can access sites like annualcreditreport.com to get these kinds of reports. These sites may offer to give you the reports in one go so you can view your credit information as a whole, or you can opt to get the reports at regular intervals so you can keep track of them religiously.
- Download the form. After you have entered the site, you may find a link there that will let you download a form, which you will then have to fill up. Sometimes, the form will be available immediately, and you do not have to download it. Fill up this form honestly and as accurately as you can. Doing this will give you an accurate reading on your score.
- Choose the credit card companies you wish to get a credit report from. This allows you to get the status of your credit standing from each card company. Once you have chosen the companies, you will be redirected to their respective websites. From here you will be asked to input your account numbers and other details. Don’t worry, most credit card sites have encrypted their sites, which means that your account information will be safe and cannot be hacked by other people.
- Finish all steps from the site. After you have input all the information needed, completing the request will be pretty simple. Just follow all instructions and you will be able to credit report in no time at all. If you wish to understand what goes into the computation of your beacon score, you may search the website for a FAQs or Resources section which will provide a detailed formula on how these scores are calculated. It will be best to know how this works so you know which steps to take so you are ensured of good credit standing all the time.
Whenever you deal with credit card transactions over the web, always be sure that the site is secure. Be vigilant when giving away credit card information, as they could easily be hacked by virtual thieves. Make sure that the site you are on is equipped with encryption and security software that prevents such mishaps from taking place. If possible, choose a site that is known for being secure.