Who Uses Fico Score?

FICO Scores are used by 90% of top lenders to make decisions about credit approvals, terms, and interest rates. Chances are when you apply for a mortgage, an auto loan, credit card, or a new line of credit, the bank or lender is looking at your FICO Score.

Which credit agency uses FICO score?

In the U.S., there are three national credit bureaus (Equifax, Experian and TransUnion) that house credit histories on most of us. Each of these agencies uses the FICO^® Score algorithm to produce a version of the FICO^® Score based on the data they collect on each consumer.

Is the FICO score the most commonly used?

FICO scores are the most widely used credit scores in the U.S. for consumer lending decisions. There are multiple FICO credit scoring models, each of which uses a slightly different algorithm.