FICO® Score XD
Improve consumer credit access by identifying credit-ready borrowers who are unscorable with traditional credit bureau data alone.
Start extending your scorable universe by millions of consumers
Lenders are now able to offer credit to millions of U.S. consumers who otherwise cannot be scored accurately due to insufficient or stale data in traditional credit bureau files. FICO® Score XD — developed in partnership with LexisNexis® Risk Solutions and Equifax® — is a credit score that leverages alternative data sources to give lenders a new opportunity to assess consumers who do not have an established credit history or whose credit files contain limited or outdated information. FICO Score XD is designed with precision and compliance in mind to enable lenders to safely extend credit to a largely unserved market of potential borrowers using an accessible and familiar FICO® Score.
FICO® Score XD — how it promotes financial inclusion
FICO® Score XD uses alternative data sources to give lenders a second opportunity to assess credit risk and enhance financial inclusion by identifying new credit-ready loan applicants. Alternative data — including phone and utility provider payment history, public records, and asset insights — are leveraged in this highly predictive, innovative analytic model to help lenders more accurately assess borrowers through a more inclusive lens without a traditional credit score. Financial services lenders can improve their lending strategy and increase their automated loan decisions with a waterfall credit score methodology combining FICO® Score and FICO® Score XD to broaden accessibility and improve financial inclusion for borrowers with no-hit or very little tradeline credit history.
About FICO® Score XD
Statistics, Numbers & Data
See how FICO helps deliver significant business and financial results and a more inclusive customer experience for leading organizations across global industries.
70%
FICO® Score XD version 2 generates a credit score for more than 70% of credit loan applicants with thin or no credit files, many of whom may have been denied due to a lack of prior credit history.
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