Also found in: Dictionary, Thesaurus, Medical, Acronyms, Encyclopedia, Wikipedia.
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 ?
Predictive information considered in the formulation of the FICO Expansion score includes payment performance data on financial activities such as deposit accounts, payday loans and retail product purchase payment plans.
More than 10 billion FICO scores were sold to businesses last year, accounting for 90 percent of lending decisions in the US.
Thats why were making FICO Score 9, along with every commonly used version of the FICO Score, available at myFICO.
Chase Slate cardholders are expected to have access to updated FICO scores each month, along with tools and resources to help them manage their financial health.
As previously announced, FICO deployed OpenShift Enterprise, Red Hat s award-winning private PaaS offering to easily build analytic applications and run them in its cloud architecture, reducing the time to value by up to 70 percent compared to its legacy software.
Participating customers are able to view their free FICO score from either website when they log into their account.
FICO (NYSE: FICO) has announced the availability of FICO Origination Manager 4.
FICO, the predictive analytics and decision management software company, today announced that FICO Score 9 is available now at Experian for U.
BANKING AND CREDIT NEWS-February 10, 2015-FICO, TransUnion renew long-term agreement to provide FICO scores
TELECOMWORLDWIRE-October 18, 2013-FICO picks Cloudera as Big Data backbone for FICO Analytic Cloud(C)1994-2013 M2 COMMUNICATIONS http://www.