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FICO
FICO is a type of credit score. It is the most widely used type of credit score, used often to assess the credit worthiness of a mortgage or loan applicant. The FICO score is developed by a company known as the Fair Isaac Corporation.There are two types of FICO credit scores. FICO refers more to the actual scoring model. The FICO scoring model uses credit reporting histories to calculate a numeric value. There is an Equifax FICO score and there is a TransUnion FICO score. Both Equifax and TransUnion are top three credit bureaus. Experian, another major credit bureau, no longer works with and uses the FICO scoring algorithm.
In addition to the FICO score, there are other types of credit scores. There is a Vantage Score. Each credit bureau also has its own bureau credit score.
ReportsAndScores.com and the featured sponsors/paid ads on this website are NOT affiliated to the annual free credit report program. According to FTC(via ftc.gov), everyone has the right to receive a free copy of their credit report once every year from each of the three nationwide consumer reporting agencies. To get your free annual report with respect to this law, you need to visit www.annualcreditreport.com.
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