What is FICO?

Asked 9 months ago
FICO stands for Fair Isaac Corporation, a leading data analytics company that provides credit scores. FICO is not a credit bureau itself; rather, it develops the credit scoring models that are widely used by credit bureaus and lenders to evaluate an individual's creditworthiness. The FICO credit score is a three-digit number that summarizes an individual's credit history, helping lenders assess the risk of extending credit. FICO scores range from 300 to 850, with higher scores indicating better creditworthiness. These scores are based on various factors like payment history, debt levels, credit mix, length of credit history, and recent credit activity. Through their credit scoring technology, FICO helps lenders make informed decisions, enables consumers to understand their credit health, and facilitates fair access to credit for individuals.
Christian Allen is the editor / author responsible for this content.
Answered May 3, 2024

Need further help?

Type out your followup or related question and we will get you an answer right away.

Need to contact FICO?

If you need to talk to FICO customer service, now that you have the answers that you needed, click the button below.
Contact FICO

FICO

Find a list of many popular FICO questions with answers or step by step guides on our FAQ page below. Or ask a whole new question and get an answer right away.
FICO Customer Service FAQAsk a Question
Was this page helpful?YesNeeds work
Sharing is what powers GetHuman's free customer service contact information and tools. You can help!