The FICO® Score is the most widely used credit score model in the United States and available at the three major consumer reporting agencies. FICO® Scores help lenders make accurate, reliable and faster credit risk decisions and play a critical role in billions of decisions each year. Because a consumer’s credit file may contain different information at each of the bureaus, FICO® scores can vary depending on which bureau provides the information to FICO® to generate the score. Banks, credit unions, and other institutions using such scores as a factor in their lending decisions may deny credit, charge higher interest rates, or require income and asset verification if an applicant’s FICO® credit score is low.
To learn more about FICO® scores, view Understanding Your FICO® Score.