The Fair, Isaac and Company credit scoring system used by many lenders to determine a borrower's ability to repay a mortgage; uses a scoring range of 450 to 850 - the lower the score, the higher the risk
FICO is a mathematical model created by the Experian credit bureau as a tool for lenders to use in evaluating the risk associated with lending you money FICO stands for Fair Isaac Company, the company that created the original scoring model (More Info)
>> The name given to a numerical score assigned by credit bureaus to measure a borrower's credit characteristics
A fig; an insignificant trifle, no more than the snap of one's thumb; a sign of contempt made by the fingers, expressing
(See Fig ) "Fico for the phrase " Shakespeare: Merry Wives of Windsor, i 3 "I see contempt marching forth, giving me the fico with his thombe in his mouth " - Wit's Miserie (1596) Fiddle (Latin, fidis or fides) He was first fiddle Chief man, the most distinguished of the company To play second fiddle To take a subordinate part The allusion is to the leader of concerts, who leads with a fiddle The Scotch fiddle or Caledonian Cremona The itch As fiddlers scratch with a bow the strings of a fiddle, so persons suffering from skin-irritation keep scratching the part irritated
The most common credit-scoring model used by lenders, it is also known as a Fair, Isaac score Your FICO can range from 200 to 900 According to this model, the higher your score, the less likely you are to default on your loan