2007-05-24 02:53:04 · 4 answers · asked by Stacey b 2 in Business & Finance ➔ Corporations
FICO stands for Fair, Isaac and Company. It is used by Equifax, Experian and Trans Union to secure a credit score.
Banks, Loan Co. and other institutions use these scores to grant credit. FICO was started in1956, a credit score of 300 to 850 is possible. The higher your score the better your chances and interest rate. Most people have a rating of about 650. You should check your credit score at least once a year. It is free check with each credit reporting agency.
On the other hand if your looking for another FICO it also stands for Flight Inspection Central Operations (FAA).
2007-05-24 03:32:33 · answer #1 · answered by Anonymous · 1⤊ 0⤋
What Does Fico Stand For
2017-01-13 21:02:03 · answer #2 · answered by ? 4 · 0⤊ 0⤋
FICO (rhymes with psycho) is an acronym for Fair Isaac Corporation (traded publicly under the symbol FIC) often refers to the best-known credit score in the United States which is calculated using mathematical formulae developed by this company.
2016-05-21 11:15:16 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Fair Issac & COmpany, the organization that came up with the scoring scale.
2007-05-24 02:57:11 · answer #4 · answered by Scotty Doesnt Know 7 · 0⤊ 0⤋