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Related to FICO: FICO Credit Score


FICO Score

A way of measuring an individual's creditworthiness. A FICO score is a quantification of a variety of factors in an individual's background, including a history of default, the current amount of debt, and the length of time that the individual has made purchases on credit. A FICO score ranges between 350 and 850. In general, a score of 650 is considered a "fair" credit score, while 750 or higher is considered "excellent." A FICO score is a convenient way to summarize an individual's credit history and is included in a credit report. The term comes from the Fair Isaac Corporation, which created the system.

Fair Isaac Company (FICO) score

A credit score, based on the name of the company that wrote the software that calculates the scores.

References in periodicals archive ?
But you can't ask someone their FICO score on the first date.
While an estimated 160 million Americans have documented credit histories adequate for calculating classic FICO credit scores, an estimated 50 million consumers do not, according to Fair Isaac.
The mathematical formulas used by each scoring company are unique and create credit scores for the same consumers that are often significantly different from their FICO Scores -- sometimes 100 points or more.
FICO Score 9 reaffirms our position as the clear leader in consumer credit scoring and risk management, said Jim Wehmann, executive vice president, Scores for FICO.
The Johannesburg office is part of the global network of FICO offices.
FICO continues to make important contributions to the science and practice of credit scoring and predictive analytics," said Andrew Jennings, chief analytics officer and head of FICO Labs.
Scores to consumers for free, has proven beneficial for both consumers and lenders, as described in a new report published by the Federal Reserve Bank of Philadelphia's Payment Card Center and based on data from Barclaycard, a participant in the FICO program.
This development supports FICO s commitment to consumer empowerment, and complements its highly successful FICO Score Open Access program, which makes FICO Scores available for free to consumers.
FICO provides analytics software and tools used across multiple industries to manage risk, fight fraud, build more profitable customer relationships, optimize operations and meet strict government regulations.
MEXICO CITY -- FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced that the fastest-growing credit information organization in Mexico, Circulo de Credito, will offer FICO([R]) Scores to its banking clients.
FICO ranked amongtop 25 largest financial industry solution providers in the world in FinTech Forward 100 rankings
FICO(NYSE:FICO), a leading predictive analytics and decision management software company, today announced that the winners of the 2014 FICO Decision Management Award for Debt Management are BNP Paribas Bank Polska, which is a part of the international BNP Paribas Group, and Daimler Financial Services, the financing arm of automotive giant Daimler AG.