Understand Your FICO® Score

What’s a FICO® Score?

A FICO® Score is a three-digit number that represents your credit risk. Your score is based on your credit reports held at consumer reporting agencies.

A FICO® Score helps lenders evaluate how likely you are to repay a loan. Your score can impact the credit available to you and the terms, such as interest rate, lenders offer you.

How Are FICO® Scores Calculated?

FICO® Scores are calculated from a wide range of data in your credit report. The data is grouped into five categories: 

• Payment History
• Amounts Owed (Outstanding debt)
• New Credit (requests) 
• Length of Credit History 
• Credit Mix 

Each category percentage reflects its importance in calculating a FICO® Score.