Fair Isaac Corporation

Fair Isaac Corporation, commonly known as FICO, is a global analytics company that specializes in credit scoring. They develop algorithms that analyze an individual's credit history—such as loans, credit cards, and payment behaviors—to produce a credit score. This score helps lenders assess the risk of lending money or offering credit, influencing decisions like loan approval and interest rates. FICO scores are widely used in the financial industry, serving as an essential tool for evaluating creditworthiness and promoting responsible lending practices.