Keyword Analysis & Research: fico

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Frequently Asked Questions

Is FICO the only credit score company?

Although FICO invented the credit score, it certainly wasn't the only company to create credit risk models. In 2006, the three credit bureaus collaborated to create a competing credit score called the VantageScore credit score. Now, there are two commonly used tri-bureau credit scoring models, FICO scores and VantageScore credit scores.

What is the meaning of Fico?

The name Fico is of Italian origin. The meaning of Fico is "fig". Fico is generally used as a boy's name. It consists of 4 letters and 2 syllables and is pronounced Fi-co.

What is a FICO score, and why is it important?

FICO Score is now one of the most popular, inexpensive, and reliable credit scores in the market. As such, banks and businesses rely on the FICO Score of a person to determine the risk of lending to the same. Even insurance companies are known to use credit scores in determining the risk of a person being insured.

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