A FICO score is a variation or type of credit score that is widely used by lenders and banks to determine an applicant’s credit risk.

Did you know that there are over 50 FICO scoring models? Much like how each bureau has their own scoring model which assigns varying weight to certain characteristics of your credit profile, FICO does the same. One scoring model is not better or worse than the other. Financial institutions that originate loans can use these different scoring models in their business decisions. Each one can be slightly different and use different data in unique ways. However, the decision to use a particular scoring model is solely up to the discretion of the lender and Esusu has no ability to influence that decision.