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Glite Dictionary
💳 A credit score 🏢 An analytics company
FICO

FICO

1 7.4
An American company that makes credit scores and software banks use to check loan risk
  • proper noun
  • /ˈfaɪkoʊ/
translation icon : FICO
  • Sign up for a 10-day trial subscription to FICO's Score Watch and you get a free FICO score as part of the deal. The catch is, you need to cancel the subscription before the trial ends or you'll be charged.
  • FICO score

So I still don't get though, like what is Fico's difference?

Examples

  • Many people monitor their FICO scores to better understand their creditworthiness.

  • Formerly of FICO and Equifax, John is the only recognized credit expert who actually comes from the credit industry.

    Blog text (3)

  • In its analysis of losses for credit cards from January 2010 to September 2011, FICO found that card-not-present fraud losses increased at twice the rate of counterfeit card losses.

    Blog text (20)

  • The FICO score of FHA borrowers was 701, according to Ellie Mae, whose software platform processes about 20 percent of all U.S. mortgage originations.

    Blog text (9)

  • FICO, the company that created the FICO credit score, has significantly impacted how lenders evaluate financial risk.

  • The Fair Isaac Corporation, also known as FICO, offers reliable tools for assessing credit risk.

Surface Forms

FICO main

Morphology

FICO = F + I + C + O

This is the company name in acronym form; the letters themselves do not transparently indicate the company's business or the product.

Etymology

The word FICO as a company name is short for Fair Isaac Corporation, named after its founders Mr. Fair and Mr. Isaac. That's why FICO is the company that created the well-known credit 'score' and the computer programs lenders use to judge credit risk.