Understanding Your FICO® Scores
What consumers and lenders need to know about the most widely used credit scores in lending decisions. Understand how lenders evaluate credit risk for loans and other credit with FICO Scores.
Fact Sheet
Every year, lenders access billions of FICO® Scores to help them understand consumers’ credit risk and make better-informed lending decisions. By providing lenders with a fast, reliable, and objective measure of credit risk, FICO Scores have made the lending process faster and fairer — helping millions of credit ready people get access to the credit they deserve. Understanding your FICO® Score is a vital part of your credit health. They can influence credit approvals and the terms for which one qualifies.
- What are FICO® Scores – the most widely used credit score
- How are FICO® Scores calculated - credit report data and the 5 key ingredients
- Why FICO® Scores matter - a vital part of financial health
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