Ever wonder how Círculo de Crédito can help millions

more Mexicans get access to credit?

FICO Extended Score uses census data to generate household view of credit risk

Meet Círculo de Crédito

With more than ten years in operations and a healthy 45 percent market share, Círculo de Crédito provides data, custom solutions and valued-added products – like FICO® Scores – for banks, retail, micro-financers, telecommunications and government institutions in Mexico. Today, Círculo de Crédito provides credit information on 60 million Mexicans, and processes more than 150 million credit transactions a year from 1,200+ credit institutions. 

Roughly 9.9 million Mexican consumers lack a traditional credit history to calculate a reliable score. At the heart of the problem is that there was no way to authenticate identity and associated risk for these citizens.  Círculo de Crédito turned to applying additional bureau data to build out a more accurate view of an individual’s propensity to repay their debt.  

Fueling Financial Inclusion

Círculo de Crédito’s mission is to create a progressive credit environment that minimizes risk and promotes greater access to credit for Mexican society.  Círculo had an idea that they could learn more about the credit-worthiness of the consumer by the people who live with them.

FICO did the research on this household data to leverage the payment history of the people around consumers with limited or no credit history through a combination of the FICO® Score for International Markets and FICO® Extended Score. The Extended Score expands the scorable universe by millions of consumers and has shown to enable lenders to score approximately 40% of all applicants that have previously been unscorable.

Círculo is proud to empower citizens like students and stay-at-home mothers with a FICO® Score of their own.

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