Fair Isaac & myFICO

Credit scoring is a statistically based computerized method for predicting how likely it is that a borrower will pay back a loan before it's even issued. It automates the process of applying for credit, which saves time and increases accuracy. One example of credit scoring is your FICO score which can be found at myFICO.com.

myFICO is the consumer division of Fair Isaac, the company that invented the FICO credit risk score that lenders use. Starting in the 1960's, Fair Isaac sparked a revolution by pioneering credit risk scoring for the financial services industry. This new approach to lending enabled financial institutions to improve their business performance and expand consumer's access to credit. Today Fair Isaac's FICO score is widely recognized as the industry standard for lenders.

myFICO offers informative, actionable credit-information services that help people improve and protect their overall financial health. Through myFICO.com and their associates, over two million people have purchased myFICO products since they launched their first consumer service in March of 2001.

They have allied with Equifax, TransUnion, Experian, and Intersections to create a new generation of credit information services that empower consumers to understand, improve and protect their true credit standing.

Fair Isaac is publicly traded on the New York Stock Exchange under its symbol FIC.




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