FICO Score

What is a FICO score?

In the US, all three credit reference agencies distribute a standardised credit scoring system known as FICO scores, developed by Fair Isaac . As this creates a standardised, universal score card, the higher your score, the better. The FICO score was first introduced to the American public in 1989.

In the UK, credit scores are primarily distributed by the three main Credit Reference Agencies (Callcredit, Equifax and Experian) who instead distribute their own credit scores (known as Callscore, Delphi and Wescore ). As there is no universal score card used in the UK, the scores and reports generated by each credit reference agency should be treated individually.


Q: Is my FICO score checked in the UK?

A: If you’re applying for any kind of mainstream credit, checks will be carried out by checking your credit report as it is reported by one or more of the four main credit reference agencies in the UK. Your FICO score doesn’t factor in to it at any point.

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