I did some research on this topic, and yes, its not a "FICO" formulated score, rather Equifax version of their own scoring model based upon information in your credit file with them, however, the "Beacon" score has been replaced with a newer model called a Pinnacle score. Although most financial institutions dont implement this model, some do such as Alliant Credit Union. Most lenders, banks, and credit unions still use a FICO 5.0 based version to decision most if not all of thier credit applications.

OK, thanks

When they say "at least a 580 beacon score" that means that they pull from Equifax, and it is not FICO based. This score ranges from 300-850 just like FICO except this number is pulled directly from Equifax. A 580 beacon score would be around a 620 FICO.

Where and what is your beacon score? Heard an ad for car loan while in FL that beacon score has to be at least 580 for a loan.