Other components include the FICO® Score, a FICO® Score meter, a 12-month FICO® Score trending chart, up to four negative factors impacting the consumer's score and FICO's extensive collection of educational content.
For lenders wanting to offer their customers FICO® Scores and additional education tools, FICO® Custom Credit Education enables them to work with credit bureau partners to provide a powerful collection of FICO® Score-based content and tools.
"Unlike educational scores, the FICO® Score is the most relevant and meaningful score to consumers because of its wide use by lenders in risk management decisions," said James Wehmann, executive vice president, Scores. "Lenders no longer have to choose between the FICO® Score and enhanced credit education tools – now they can offer both to their customers."
With over 10 billion FICO® Scores sold to lenders in 2013, the FICO® Score is the credit score used in the overwhelming majority of lending decisions in the U.S. The company has been educating consumers about the FICO® Score – The score lenders use™ for more than 10 years at www.myfico.com and www.scoreinfo.org.
The FICO® Custom Credit Education solution is available today to U.S. lenders.
FICO (NYSE: FICO) is a leading analytics software company, helping businesses in 80+ countries make better decisions that drive higher levels of growth, profitability and customer satisfaction. The company's groundbreaking use of Big Data and mathematical algorithms to predict consumer behavior has transformed entire industries. FICO provides analytics software and tools used across multiple industries to manage risk, fight fraud, build more profitable customer relationships, optimize operations and meet strict government regulations. Many of our products reach industry-wide adoption. These include the FICO® Score, the standard measure of consumer credit risk in the United States. FICO solutions leverage open-source standards and cloud computing to maximize flexibility, speed deployment and reduce costs. The company also helps millions of people manage their personal credit health. FICO: Make every decision count™. Learn more at www.fico.com.
For FICO news and media resources, visit www.fico.com/news.
FICO, "Make every decision count" and "The score lenders use" are trademarks or registered trademarks of Fair Isaac Corporation in the United States and in other countries.
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