Understanding FICO Score Versions: Why They Matter

score8FICO Score 8 is a credit scoring model from the Fair Isaac Corporation (FICO) that is widely used by lenders to help determine the creditworthiness of potential borrowers and what interest rate they should beFICO® Score 8 is the most used credit score model by lenders. FICO® Score 8 is still the most widely used credit scoring model [2], with 90% [6] of lenders using some version