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FICO Score

   Also found in: Wikipedia 0.07 sec.
FICO Score
A standard credit score which makes up a substantial portion of a credit report that credit bureaus sell to lenders so they can asses an applicant's credit risk and whether to extend them credit.

It is an acronym for the creators of the FICO score, Fair Isaac Credit Organization.

Notes:
Using mathematical models, the FICO score takes into account various factors in each of these five areas: payment history, current level of indebtedness, types of credit used and length of credit history and new credit in determining credit risk.


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which tabulates the famous FICO score named for it, found that financial problems actually create more stress than infidelity.
Many lenders reserve their most favorable quotes of rates and fees for applicants in the upper FICO score ranges -- 700 and above.
 
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