FICO Score

FICO Score is the standard 300-850 credit-scoring model produced by Fair Isaac Corporation. It's the score model used by ~90% of US lenders for actual lending decisions. Five factors drive the score: payment history (35%), amounts owed/utilization (30%), credit history length (15%), credit mix (10%), new credit (10%).

FICO scores range from 300 to 850. Industry conventions: 800+ exceptional, 740-799 very good, 670-739 good, 580-669 fair, below 580 poor. Different lenders use different cutoffs, but the categorization tracks. FICO score variants matter for specific products. FICO 8 is the general consumer score most credit-monitoring services show. FICO 2 / 4 / 5 (older models) are used for mortgages by Fannie Mae / Freddie Mac. FICO Auto Score 8 is the auto-loan variant — weights auto-loan payment history more heavily. FICO Bankcard Score 8 is the credit-card variant. FICO vs VantageScore: VantageScore is a competing model from the three credit bureaus. Used by Credit Karma, Credit Sesame, Capital One CreditWise. Tracks closely with FICO but differs by 20-50 points typically. When applying for a loan, the LENDER pulls FICO — VantageScore is an estimate. FICO scores update when the bureaus refresh underlying data (typically monthly). Significant credit events (new accounts, payment history changes, utilization changes) can move the score 20-50 points in a single update. The CFPB's consumer guide on credit reports and scores (https://www.consumerfinance.gov/consumer-tools/credit-reports-and-scores/) explains how FICO scores are calculated and how to access your report. The FTC's guide on the Fair Credit Reporting Act (https://www.ftc.gov/legal-library/browse/statutes/fair-credit-reporting-act) covers your rights to dispute inaccurate data that affects your FICO score.

Examples

Frequently asked questions

What's the difference between FICO and VantageScore?

Different scoring models from different companies. FICO is used by ~90% of US lenders for actual lending decisions. VantageScore is used by Credit Karma, Credit Sesame, and several free credit-monitoring services. The two scores typically differ by 20-50 points; FICO is the one that matters for loan applications.

How can I see my FICO score?

Free options: Experian's free tier shows FICO Score 8. Discover Credit Scorecard (free for non-cardmembers too) shows FICO. Many credit card issuers (Chase, Amex, Capital One) show a free FICO on monthly statements. For all 3 bureaus' official FICO scores, myFICO ($19.95/month) is the direct source.

Related terms

Further reading