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FICO ↔ credit score

Relations (1)

cross_type 2.58 — strongly supporting 5 facts

FICO is a primary credit scoring company that calculates credit scores using information from credit reports [1], and its specific scoring models are a standard variation used to determine an individual's credit score [2], [3].

Facts (5)

Sources
Why Credit Reports and Scores Matter to Your Financial Health nul.org National Urban League 5 facts
referenceFICO credit score categories are defined as: Poor (300-579), Fair (580-669), Good (670-739), Very good (740-799), and Exceptional (800-850).
measurementFICO credit scores range from 300 to 850.
claimCredit scores can differ between banks and credit card companies because not all lenders report payments to all three bureaus, scores are calculated at different times, and FICO and VantageScore publish several variations of their credit scoring models.
claimFICO credit scores are used by 90% of top lenders.
claimCredit scoring companies FICO and VantageScore use information from credit reports to calculate an individual's credit score.