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FICO Score

Definition of 'FICO Score'

In the US, all three credit reference agencies distribute a standardised credit scoring system known as FICO scores, developed by Fair Isaac. The higher your FICO, the better. FICO scores also exist in the UK, but are not distributed by the UK credit reference agencies, who instead distribute their own bureau scores (known as Callscore, Delphi and Wescore).

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