FICO Credit Score
The FICO credit score is a rating of a person’s creditworthiness, or the amount of risk he or she poses to potential lenders. Developed by the Fair Isaac Corporation, it is one of the most widely used scoring systems for consumer credit and the most recognized score by banks, lenders, and other financial institutions. FICO scores are available from Fair Isaac and from the three major credit bureaus in the US: Equifax (equifax.com), Experian (experian.com), and TransUnion (transunion.com). FICO is especially popular among mortgage lenders, who use them to evaluate applications and determine interest rates for home loans.