FICO® Score

Key Benefits

• Extend credit with confidence
  FICO® scores are highly predictive measures of applicant and customer risk. Lenders can better determine, for example, which consumers to target, how much credit to extend and whether to raise a credit line.
• Improve decisioning speed
  Scores can be delivered almost instantly, speeding up credit decisions. Automation reduces costs and frees up staff to focus on more strategic tasks.
• Achieve consistency—and compliance
  FICO scores help lenders make consistent, unbiased risk decisions, and support compliance with national, local and global regulatory requirements, such as Basel II. Fair Isaac works to ensure the scores are understood and accepted by regulators worldwide.
• Get the score widely accepted by industry leaders
  In the US, these include Fannie Mae, Freddie Mac and FHA in the mortgage secondary market; and Standard & Poor's and Fitch IBCA ratings agencies that enable securitization of industry loan pools into bond securities.

Features

• Broad-based view of risk
  FICO scores provide a consolidated view of how consumers repay credit obligations, including accounts held by other lenders. The scores are empirically built using credit bureau data from millions of consumers.
• Fresh data leads to sharper scores
  FICO scores are updated regularly to reflect changes in consumer behavior and lending practices.
• One score, multiple scorecards for targeted risk control
  Each scorecard is tuned to assess risk for a specific consumer segment—for instance, consumers with serious delinquencies. To streamline model updates, scorecards are aligned to reflect similar risk across FICO scoring systems and releases.
• Reason codes aid in compliance and customer ties
  FICO scores come with reason codes that indicate why the score was not higher. These support regulatory compliance and communication with consumers so they can improve their credit standing over time.
• Unmatched expertise, dedicated support
  Five decades of analytics experience not only helps us build a better score, but provide superior support through white papers, articles and webinars.

US Versions

• FICO® 8 score
  Evaluations of FICO 8 confirm that it's up to 15% more accurate, especially for consumers who have recently sought new credit and those with prior credit blemishes.
• US availability
  FICO scores are available at the three major credit reporting agencies—as BEACON® at Equifax; FICO® Risk Score, Classic at TransUnion; and Experian / Fair Isaac Risk Model at Experian.
• Industry-specific options
  Industry-specific scores assess risk for targeted credit products, such as auto, bankcard, and mortgage. They are available at Equifax, Experian and TransUnion.
• Custom risk assessment
  For even more precise decisions, Fair Isaac can develop custom risk scores based on your proprietary data, and tailored to your products and customers.

Global Versions

• Canada, South Africa, UK
  FICO scores are available in Canada as BEACON® at Equifax and as EMPIRICA® at TransUnion; in South Africa as EMPIRICA® at Trans Union; and in the UK as CallScore at CallCredit.
• Global availability
  FICO scores can be deployed in any country with bureau dataregardless of whether it's full-positive, partial-positive or negative-only data. Currently, FICO scores are deployed in 17 additional countries in every region around the world. Learn more