FICO score

FICO score,

Definition of FICO score:

  1. A persons credit score calculated with software from Fair Isaac Corporation (FICO).

  2. The FICO score is a credit score. These are used by mortgage lenders to predict the borrowers ability and willingness to pay debts. FICO is an acronym for the Fair Isaac Corporation, which calculates the credit scores in the United States.

  3. A FICO score is a credit score created by the Fair Isaac Corporation (FICO). Lenders use borrowers' FICO scores along with other details on borrowers' credit reports to assess credit risk and determine whether to extend credit. FICO scores take into account five areas to determine creditworthiness: payment history, current level of indebtedness, types of credit used, length of credit history, and new credit accounts.

  4. Fair Isaac Corporation, or FICO, is a major analytics software company that provides products and services to both businesses and consumers. The company is best known for producing the most widely used consumer credit scores that financial institutions use in deciding whether to lend money or issue credit.

How to use FICO score in a sentence?

  1. Scores range from 300 to 850, with scores in the 670~739 range considered to be "good" credit history.
  2. I know how important credit is, particularly the FICO score, so Im afraid to make such a large purchase.
  3. FICO scoring methodology are updated from time to time, with the most prevalent version now being FICO score 8.
  4. FICO credit scores are a method of quantifying and evaluating an individual's creditworthiness.

Meaning of FICO score & FICO score Definition

FICO Score,

What is FICO Score?

  • Definition of FICO Score: FICO Score is a credit score created by Fair Isaac Corporation (FICO). Lenders use the borrower's FICO score as well as other details in the borrower's credit report to assess credit risk and determine whether to provide a loan. The FICO score covers five areas for determining credit standards: payment date, current level of credit, type of credit used, credit term, and new credit accounts.

    • FICO Credit Score is a way to measure and evaluate a person's credit quality.
    • Your score is 300 to 850, and a score of 670 to 739 is considered good credit.
    • The FICO assessment procedure will be updated from time to time. The latest version is now FICO Score 10 Suite, which was announced on January 23, 2020.

  • FICO Score means, The FICO score is another type of credit score that potential lenders use to assess whether it is appropriate to hire you and your company. The FICO score is an important part of a credit report that lenders use to assess credit risk. It was founded by Fair Isaac Corporation, hence the name FICO.

Literal Meanings of FICO Score

Score:

Meanings of Score:
  1. Total points, goals, points, etc. Performed in a game or by a team or individual.

  2. To score a match, points, goals or run in a match.

  3. Note or note, for example the value obtained in B test.

  4. State the facts about the current situation.

  5. The process of buying illegal drugs.

  6. The process of crime.

  7. A group or a group of twenty or twenty.

  8. Spit or more

  9. A written representation of a musical composition with all the vocal and instrumental parts arranged one below the other.

  10. Music is for movies or dramas.

Sentences of Score
  1. American football fans are notified of the goals scored and their consent, as well as the results and end of the break, each time their team plays.

  2. Students count their daily attendance and absences, the number of teams, the results of games, the chairs and tables, and the important events of their lives these days.

  3. The final result reflects the dominance of local teams, although Oxford athletes are performing well and should be encouraged by their performances early in the season.

  4. After a home battle against rival Laurier, the final result is on Saturday the 11th.

  5. However, the Lancers maintained their lead and won the match with a final score of 6,051.

  6. No matter what is most important to them, this is the end result of the game.

  7. Shortly afterwards, Western scored the third goal and the final result was 30.

  8. Of course, this weekend about 3.2 million people will vote openly for the final results of this game.

  9. Both the fans and the players know that as long as the ball is in the air when the last bell rings, a team can still win the score and as long as the score is close enough.

  10. He saw the results of his favorite team and finally hung up.

Synonyms of Score

outcome, grade, mark, percentage, the position, the facts, the truth of the matter, the state of affairs, the true state of affairs, the picture, the story, how things stand, the lie of the land, a lot, a good deal, a great deal, a great amount, a great number, a large amount, a large number, great quantities