What does fico mean?
A FICO score is a three-digit number that represents an individual's creditworthiness, calculated based on their credit history and other factors. It is widely used by lenders to determine creditworthiness.
Example
"The bank used the applicant's FICO score to decide whether to approve the loan."
Reviewed by Deb Chak, Editor. AI-assisted content curated by RJS Tech Solutions LLP.