A Path to Credit Access
With FICO® Scores currently in market and under development leveraging new alternative data sources, hundreds of millions of consumers who are currently credit invisible could have a path to access credit. Drawing on reliable new sources of data, FICO scores more creditworthy people who are unable to obtain credit using traditional credit bureau data alone. Whether establishing the first credit score for a nation or safely growing micro credit, FICO partners with credit reporting agencies and data providers around the world to extend credit access responsibly.
About FICO® Score XD
We believe that the key to increasing access to credit is to encourage lenders to test and use alternative data scores. To encourage broader adoption of FICO® Score XD and financial inclusion, FICO is excited to announce a 12-month promotional period (ending January 2022) during which we will waive FICO fees to its distribution partners when lenders pull a FICO® Score XD on consumers that do not have a traditional FICO Score.
Connect with FICO for answers to all your product and solution questions. We look forward to hearing from you.