The most commonly used credit score. The name comes from the Fair Isaac Corporation, which developed the scoring model, and is used to predict the likelihood that a person will pay his or her debts.
is your credit rating. Most lenders base approval on them. You have three FICO scores, one for each credit bureau; Experian, TransUnion and EQUIFAX.
The most common credit score, named after Fair Isaac Company.
This is a credit scoring system developed by TRW in association with Fair, Isaac, and Company, and used by Experian, a major credit bureau. The FICO Score enables lenders and credit providers to identify the creditworthiness of prospects. The term "FICO/Beacon Score" simply refers to the combination of both FICO and Beacon scores.
a credit score based on a mathematical analysis of the information contained in your credit report
a credit score derived from the credit model developed by Fair Isaac Corporation
a credit score developed to determine a borrower's ability to repay a loan
a credit scoring system determined by certain credit reporting repositories, and used by many mortgage companies to determine creditworthiness of an individual
a credit scoring system developed by Fair Isaac and Company, and it acts as a method of determining the likelihood that credit borrowers will pay their bills
a factor that lenders use when determining your credit risk
a generic term for a type of score
a mathematical equation used to evaluate your credit bureau information and the information is compared with your past credit reports to determine future credit risk
an assessment of an individual's credit worthiness based on a statistical analysis of the information contained in his or her credit report
an imprecise attempt to quantify the quality of creditworthiness
a number determined by a formula developed by The Fair Isaacs
a number given to your credit history by the credit reporting agencies
a number that rates a borrowers credit record
a number that tells a lender how likely you are to repay a loan or make credit payments on time
a number which is calculated using a mathematical formula, based on your credit history, that evaluates all of the information on your credit report
a numerical evaluation of your creditworthiness as a borrower
a numerical score assigned to you based on your credit repayment history
a scoring method developed by the Fair Isaac Corp
a scoring method that determines the credit worthiness of a particular credit user
a snapshot of your credit rating at a particular point in time
a snapshot of your credit risk at
a standardized ranking generated by the three credit reporting agencies, based on your credit history
a three-digit number that determines the interest rate you will pay on your credit cards, car loan, and home mortgage, as well as whether you will be able to get a cell phone or have your application for a rental apartment accepted
a three-digit number used to predict how risky it is to extend credit to an individual
a three digit score developed by Fair Isaac and Company that uses a method to determining the likelihood that credit users will pay their bills
a three-digit score developed by the Fair Isaac and Co
a way of measuring an individual's creditworthiness without requiring access to their income history or employment status
A numerical scoring system that reflects the repayment history of the borrower.
a number used to score credit worthiness of an individual based on many factors including history of timely payments, outstanding debt and ability to pay.
The widely used credit scoring model that is used to determine a person's credit risk. Created by Fair, Isaac and Co.
A numerical rating developed and maintained by Fair Issac and Company that is an indicator of a borrower's creditworthiness based on a number of criteria, and is the basis upon which many lenders will decide to loan money.
Your credit score is a number based on the information in your credit file that shows how likely you are to pay a loan back on time - the higher your score, the less risk you represent. The credit score that lenders use is called a FICO® score. Your FICO score helps a lender determine whether you qualify for a loan and what interest rate you'll pay.
An acronym referring to "Fair Isaac Credit" ratings, which grade consumers' credit ratings with a numeric score.
The Fair Isaac (FICO) score is the registered trademark for the most commonly used methodology for determining a consumer's credit score.
Fair, Isaac & Company credit-scoring system used by many lenders to determine a borrower‘s ability to repay a mortgage. FICO scores range from 300 to 850 - the lower the score, the higher risk. You can check your FICO score through the three major credit rating agencies - Equifax, Trans Union and Experian. Source: “On the Road: Buying a Home," edited by Sheryl Garrett
A FICO score is a credit score developed by Fair Isaac & Co. Credit scoring is a method of determining the likelihood that credit users will pay their bills. Scoring has become widely accepted by lenders as a reliable means of credit evaluation. A credit score attempts to condense a borrowers credit history into a single number.
A FICO score is a credit score. It stands for Fair Isaac Company, Inc., one of the companies that develops the formulas to calculate credit scores, and assess credit risk. Prosper uses a different scoring model than FICO.
A credit score developed by the Fair, Isaac Company that is used by credit reporting companies and creditors to help assess risk.
FICO scores are the most widely used credit score in U.S. mortgage loan underwriting. This 3-digit number, ranging from 300 to 850, is calculated by a mathematical equation that evaluates many types of information that are on your credit report. Higher
Credit bureau scores are often called "FICO scores" because most credit bureau scores used in the US are produced from software developed by Fair, Isaac and Company (FICO). That score is calculated by a mathematical equation that evaluates many types of information that are in your credit report. By comparing this information to the patterns in millions of past credit reports, the score identifies your level of future credit risk.
The most common credit score model, also known as a Fair Isaac score. A FICO score ranges from 200 to 900 and a higher score makes a person a more reliable borrower.
A credit bureau risk score produced by the Fair, Isacc & Co. Fico scores are used by lending institutions and others to determine a borrowers or existing customers credit worthiness.
A credit scoring model created by the Fair, Isaac Company. Fair, Isaac provides the FICO scoring formula to credit reporting agencies; creditors can choose to apply that formula to consumers' credit reports. FICO scores range from the 300s to the 900s, but almost all consumers have a score between 500 and 850.
A credit rating generated by an automated processing of a credit report. Mortgage lenders utilize the score to assist with the credit decision. Higher scores are indicative of better credit. Many situations can negatively effect ones score, including: delinquent accounts, history of late payments, collection accounts, bankruptcy, limited credit history, high credit card/credit line balances. Additionally, other credit report inquiries reduce ones score
Credit bureau scores, referred to as FICO scores, are based solely on information in consumer credit reports. When a loan application is submitted, the lender sends a request to one of the national credit bureaus to run a credit bureau score. The credit bureau then uses Fair, Isaac's software to calculate a score from your credit bureau information. Once the score is calculated, it is returned to your lender. Credit Scoring is Fast, Accurate and Fair Fast: Loans that used to take weeks for approval — such as mortgage and home equity loans — can now be granted within a few hours. Accurate: Credit scoring considers all available information, positive and negative, that is proven to predict future credit risk. All other information is ignored. Fair: With credit scoring, everyone gets a fair shot at a loan or new line of credit.
Fair Isaac's Corp. standard measure of credit risk.
Enables a credit grantor to identify credit prospects with the best credit opportunities.
A credit score given to a person that establishes creditworthiness based on present financial condition, experience and past credit history.
Computer score, based on information from a borrower's credit history, used by a lender to predict the likelihood that the borrower will repay a mortgage.
A credit evaluation score developed by Fair, Isaac, and Co., used by lenders as one factor in making a loan decision.
A score which is calculated by the credit bureau specifically for real estate loans. Each person has a FICO score between 300 (worst) to 850 (best). A higher FICO score (700 and above) allows a borrower to receive a better interest rate and loan terms.
number generated by one of the three Credit Report Agencies (Equifax, TransUnion and Experian) based on your credit history, that helps lenders predict how likely you are to pay your loans on time in the future. !-- google_ad_client = "pub-0490340061077392"; google_ad_width = 468; google_ad_height = 60; google_ad_format = "468x60_as"; google_ad_type = "text_image"; google_ad_channel =""; google_color_border = "FF3333"; google_color_bg = "FFFF66"; google_color_link = "3333FF"; google_color_url = "000033"; google_color_text = "000033";
A generic credit score developed by Fair, Isaac and Company, Inc., that was designed to predict the possibility of borrowers becoming seriously delinquent in their credit obligations.
The primary credit score used by lenders to assess a potential borrowers risk. FICO stands for Fair Isaac Company, the company that created the original scoring model.
fixed rate Federal credit agencies
Scores in a credit scoring system developed by Fair, Isaac & Co. (FICO) for potential mortgage borrowers. FICO scores are an industry standard and are supplemented by proprietary scoring systems developed by most mortgage insurers. The scores are used to assist lenders and insurers in determining whether or not to extend credit or provide insurance, not to raise or lower interest charges or premium (see risk-based pricing).