Understanding FICO & Beacon & Empirica Ratings

What's the difference between FICO, FICOII, Credit Beacon Ratings and Empirica Ratings? FICO is an acronym that stands for Fair Isaac Corporation - it's the standard by which credit ratings are calculated. All of the others are the way that each of the Big Three credit reporting agencies apply the FICO calculations. Each is slightly different - learn more in Equifax Credit Beacon Scores vs. Empirica Scores and FICO II.