Leading Fintech Achieve Taps FICO Score 10 T to Expand Consumer Access to Personal Loans

BOZEMAN, Mont. — May 8, 2025 – Global analytics software leader FICO (NYSE: FICO) today announced that digital personal finance company, Achieve, and its bank partner are leveraging FICO® Score 10 T for its personal loan marketplace lending platform. With FICO’s most innovative scoring model, Achieve’s pre-implementation testing has shown a meaningful reduction in delinquency rates while expanding access to more borrowers, demonstrating the score’s ability to enhance lending decisions.

Rising inflation has created financial strain for many consumers, increasing the demand for personal loans while also elevating the risk of defaults. By implementing FICO® Score 10 T, which incorporates trended credit data to offer a comprehensive view of borrower behavior, Achieve and its bank partner expect to improve their risk assessment capabilities, with the goal of empowering more informed lending decisions and reducing delinquencies, without affecting approval rates. 

Achieve Personal Loans help individuals responsibly manage high-interest debt by consolidating revolving accounts into easy to manage, more consumer-friendly installment loans. The loans are originated by a bank partner on the Achieve Personal Loans platform. On a standalone basis, Achieve and its partner were able to see a 4% to 7% lift in predictive power over FICO® Score 8 on different applicant segments.

“Implementing powerful credit assessment tools like FICO® Score 10 T helps the Achieve Personal Loans platform expand financial access to more consumers and stay at the forefront of consumer lending,” said Sudip Banerjee, vice president of credit risk and head of risk modeling at Achieve. “We believe implementing FICO® Score 10 T in the Achieve Personal Loans platform will help reduce delinquency rates and allow us to serve our members with greater confidence.”

FICO® Score 10 T’s ability to track payment patterns and credit usage over time helps identify borrower stability more accurately, providing lenders with deeper insights. This advanced scoring model not only supports Achieve’s mission to empower consumers but also demonstrates FICO® Score 10 T’s range of applications and impact across the lending ecosystem.

“FICO® Score 10 T is delivering proven results across a variety of lending portfolios while delivering financial inclusion through innovation,” said Julie May, vice president and general manager of Scores at FICO. “Our partnership with Achieve underscores how fintechs and lenders of all sizes can leverage FICO’s advanced scoring models to manage risk effectively and control default rates while safely expanding credit access with more competitive credit offers.” 
Learn more about FICO® Score 10 T: https://www.fico.com/en/latest-thinking/solution-sheet/fico-score-10-t

About FICO
FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 200 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, insurance, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 80 countries do everything from protecting four billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO® Score, used by 90% of top US lenders, is the standard measure of consumer credit risk in the US and has been made available in over 40 other countries, improving risk management, credit access and transparency.

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About Achieve
Achieve, THE digital personal finance company, helps everyday people get on, and stay on, the path to a better financial future. Achieve pairs proprietary data and analytics with personalized support to offer personal loans, home equity loans, debt resolution and debt consolidation, along with financial tips and education and free mobile apps: Achieve MoLO^® (Money Left Over) and Achieve GOOD™ (Get Out Of Debt). Achieve has 2,300 dedicated teammates across the country, with hubs in Arizona, California, Florida and Texas. Achieve is frequently recognized as a Best Place to Work.

Achieve refers to the global organization and may denote one or more affiliates of Achieve Company, including Achieve.com, Equal Housing Opportunity (NMLS ID #138464); Achieve Home Loans, Equal Housing Opportunity (NMLS ID #1810501); Achieve Personal Loans (NMLS ID #227977); Achieve Resolution (NMLS ID # 1248929); and Freedom Financial Asset Management (CRD #170229). Personal loans are originated by Cross River Bank, a New Jersey State Chartered Commercial Bank, Equal Housing Lender.

Contact
Julie Huang
press@fico.com

Austin Kilgore
press@achieve.com