Saturday, September 13, 2008

Beacon Scores Explained ... part 2

Today's post in our continuing series on the components that make up your Equifax Beacon Score is on "Payment History"

Score Weighting: 35%

Notes: Factors in the recency of, and number of, payments over 30 days late, collections, judgments, and bankruptcies. A single 30-day late payment can drop your score 15-20 points.

Check back for our next post in this continuing series - look forward to seeing you again soon.

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