A FICO Score is a three-digit number based on the information in your credit reports. It helps lenders determine how likely you are to repay a loan. This, in turn, affects how much you can borrow, how many months you have to repay, and how much it will cost (the interest rate).

Nov 9, 2024 · A FICO score is a type of credit score based on information in a borrower's credit report that lenders use to assess credit risk and determine whether to...

Sep 4, 2020 · What is a FICO score? A FICO® score is a particular brand of credit score. A credit score is a number that is used to predict how likely you are to pay back a loan on time. Credit scores are used by companies to make decisions such as whether to …

Sep 5, 2024 · A FICO score is a three-digit number, typically in the 300 to 850 range, that tells lenders how likely a consumer is to repay borrowed money based on their credit history.

Feb 13, 2025 · FICO scores are a type of credit score created by Fair, Isaac, and Company (now called the Fair Isaac Corporation or FICO) in 1989. They’re now one of the industry standards for...

Understand how lenders evaluate credit risk for loans and other credit with FICO Scores. Every year, lenders access billions of FICO® Scores to help them understand consumers’ credit risk and make better-informed lending decisions.

FICO® Scores are the standard for credit scores—used by 90% of top lenders. Credit scores influence the credit that's available to a person and the terms (interest rate, etc.) that lenders may offer. It's a vital part of credit health.

Jul 24, 2024 · Learn what a FICO Score is and how it’s calculated, why it’s important to know your credit score and how to get your FICO Score for free.

Mar 20, 2025 · Many creditors use FICO® credit scores to assess applicants, manage accounts, and determine rates and terms. A FICO® score is a three-digit number ranging from 300 to 850 (and up to 900 for some industry-specific scores).

Oct 20, 2021 · In a nutshell, FICO stands for Fair Isaac Co. FICO is a scoring model meant to give lenders—and sometimes employers—a pretty good idea of how consumers handle money. FICO scores are based on five factors, which we’ll unpack a …