FICO® Score
FICO® Scores are used by the top 90 US lenders for their credit risk assessment needs.
More accurately assess consumer credit risk
The FICO® Score is used by lenders to help make accurate, reliable, and fast credit risk decisions across the customer lifecycle. The credit score rank-orders consumers by how likely they are to pay their credit obligations as agreed. The most widely-used broad-based credit score, the FICO Score plays a critical role in billions of decisions each year across the credit ecosystem.
FICO® Score 10 Suite, Predictive Power, Explainability, Transparency
Credit scoring with improved predictive power, including trended data, without sacrificing the familiar FICO® Score user experience. The credit score you know and trust with more power and flexibility than ever.
done
Get a broad-based view of credit risk
FICO® Scores provide a consolidated view of how consumers repay credit obligations, including accounts held by other lenders. FICO credit scores are empirically built using consumer bureau data from millions of consumers. FICO Scores are updated regularly to reflect changes in consumer activity and lending practices which may influence the credit ecosystem.
done
Extend credit with confidence
FICO® Scores are highly-predictive measures of applicant and customer risk. Credit grantors can better determine, for example, which consumers to target, how much credit to extend, and whether to raise a credit line streamlining credit risk management.
done
Attain targeted risk control from a multi-scorecard design
A FICO® Score is generated using multiple scorecards, with each scorecard tuned to assess risk for a specific consumer segment — for instance, consumers with serious delinquencies. To streamline credit scoring model updates, scorecards are aligned to reflect similar risk across FICO credit scoring systems and releases.
"FICO is seen as an industry leader in model development technology, strategy, in pretty much anything when it comes to data and data mining analytics."
Alfred Furth Capital Services
done
Flexible
Gain all the benefits of new credit scoring innovations, backward compatibility with prior FICO® Score versions eases adoption.
done
Powerful
Use the FICO® Score that best captures today’s consumer credit activity to grow portfolios responsibly. Provides unprecedented power of predictive analytics in mortgage, auto, bankcard, and consumer lending.
done
Trusted
Always safe and sound, the most widely used and trusted credit score in the credit ecosystem for responsible lending decisions, helping lenders comply with existing US regulations with more confidence and ease.
done
FICO® Score 10 Suite
The FICO® Score 10 suite outperforms all prior FICO® Scores, offering the precision you need based on a proven credit scoring blueprint. Now featuring FICO® Score 10 T which integrates trended data. The choice is yours.
done
Achieve consistency and compliance
FICO® Scores help lenders make consistent, unbiased credit risk decisions, and support compliance with national, local, and global regulatory requirements, such as Basel II. FICO works to ensure that credit scores are understood and accepted by regulators worldwide.
done
The credit score widely accepted by industry leaders
The FICO® Score is used by Fannie Mae and Freddie Mac. It is the credit score used by rating agencies including Standard & Poor's and Fitch IBCA in the securitization of industry loan pools into bond securities.
done
Support compliance and customer relationships
A FICO® Score comes with reason codes that indicate why the credit score was not higher. These support regulatory compliance and communication with consumers helping them improve their credit standing over time.
Explore our extensive collection of thought leadership in credit scoring.
Our industry-leading innovations offer a path to credit access for an estimated 1.3 billion underserved consumers globally. FICO® Scores are the industry standard in credit scoring, with expertise in developing credit scores for over 30 countries, supporting financial inclusion across the credit ecosystem.
From the Blog
April 12, 2023
The FICO® Score is Built to Last
For more than 30 years, the FICO® Score has been carefully developed to be robust and reliable assessments of credit risk throughout the credit cycle
Top 10 Reasons to Migrate to FICO® Score 10 T
Read more
What Does The Rest of 2023 Have in Store for U.S. Credit Risk and FICO Score Trends
Read more
VIDEO: Fighting Bias in AI, Analytics and Scores
Read more
FICO® Resilience Index - Benchmarking Portfolio Resilience
Read more
Using Alternative Data in Credit Risk Modelling
Read moreLearn more
Contact us to get more information.