A Quick Breakdown of the 5 Categories of Your FICO Score

A better understanding of the most used credit scoring model

Tunji Onigbanjo
Aug 28, 2020 · 4 min read
Image by CafeCredit.com on Flickr

FICO Score is the most used credit scoring model using by issuers when you are applying for a credit card or loan. How do I know this? As stated on the FICO Score website, “FICO Scores are used in over 90% of U.S. lending decisions.”