FICO score — [ fīkō] n. Finance a person s credit score calculated with software from Fair Isaac Corporation (FICO) Encyclopedic information: The FICO score is a number between 300 and 850, which indicates a person s capacity to repay a loan. The higher the… … Useful english dictionary
FICO — Abbreviation for Fair Isaac Corporation, the biggest credit scoring company. (See also: credit score) Category: Bankruptcy, Foreclosure & Debt Category: Personal Finance & Retirement Category: Real Estate & Rental Property Nolo’s Plain English… … Law dictionary
Credit score (United States) — A credit score in the United States is a number representing the creditworthiness of a person, the likelihood that person will pay his or her debts. Lenders, such as banks and credit card companies, use credit scores to evaluate the potential… … Wikipedia
Credit score — A credit score is a numerical expression based on a statistical analysis of a person s credit files, to represent the creditworthiness of that person. A credit score is primarily based on credit report information typically sourced from credit… … Wikipedia
Credit Score — A statistically derived numeric expression of a person s creditworthiness that is used by lenders to access the likelihood that a person will repay his or her debts. A credit score is based on, among other things, a person s past credit history.… … Investment dictionary
Identity score — An identity score is a system for tagging and verifying the legitimacy of an individual’s public identity. Identity scores are increasingly being adopted as a means to prevent fraud in business and as a tool to verify and correct public records.… … Wikipedia
Cut-Off Score — The lowest possible credit score one can have and still qualify for a loan. Anyone with a score below the cut off score is usually rejected. Of course, the lender can still approve the loan if it so desires with an override approval. Anyone with… … Investment dictionary
Beacon Score — A number generated by the Equifax Credit Bureau to rank an individual s credit worthiness. Beacon scores are credit scores, which are determined through a complex algorithm. These numbers tell the lender how likely it is that the borrower will… … Investment dictionary
Precision Score — A number used by the TransUnion Credit Bureau to quantify the credit worthiness of borrowers. Precision scores used to be called Empirica scores before TransUnion started using the NextGen scoring model. These scores will determine how risky it… … Investment dictionary
credit score — Numerical calculation that creditors use to evaluate the creditworthiness of someone applying for credit, such as a mortgage or credit card. High credit scores (over 700) indicate less risk that you will default on payments, and low scores (under … Law dictionary
