100 Billion FICO Credit Scores Sold

fico scores

Fair Isaac Corporation’s best known product, the FICO score, is a teenager who has virtually cornered the market. For eighteen years, the three-digit number has been the preeminent risk predictor used by lenders when deciding whether to grant credit to consumers. To date, over 100 billion FICO scores have been provided to U.S. businesses. If you want to get a credit card, mortgage, auto loan, auto insurance, job, security clearance, apartment, cell phone, or utility service, you may need to have a good credit score.

Today the company also proudly trumpeted the projected rollout this fall of an improved “Classic FICO” scoring product. Fair Isaac claims that the upgraded

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