FICO 08

A credit-scoring model introduced in 2009 by the FICO company to provide a more accurate picture of a potential borrower's ability to repay a loan. In particular, it is meant to provide a more accurate assessment of low-risk consumers whose scores were blemished by minor delinquencies, consumers with minimal credit history and consumers with poor credit.

The new formula ignores minor slipups, such as delinquencies with an original amount of $100 or less. It also weeds out people who had been inflating their credit scores by paying a stranger with better credit to add them as an authorized user on one of their credit card accounts (a practice known as "piggybacking"). The range of possible credit scores remains unchanged under the new system.


Investment dictionary. . 2012.

Look at other dictionaries:

  • fico (1) — {{hw}}{{fico (1)}{{/hw}}s. m.  (pl. chi ) 1 Albero delle Urticali con corteccia grigia, foglie palmato lobate e frutti a siconio dolci e carnosi | Fico del Bengala, fico delle pagode, alberi enormi dell India caratterizzati da grandi radici aeree …   Enciclopedia di italiano

  • Fico — (Capranica,Италия) Категория отеля: Адрес: 01012 Capranica, Италия Описание …   Каталог отелей

  • Fico — Fi co, n.; pl. {Ficoes}. [It., a fig, fr. L.ficus. See {Fig}.] A fig; an insignificant trifle, no more than the snap of one s thumb; a sign of contempt made by the fingers, expressing. A fig for you. [1913 Webster] Steal! foh, a fico for the… …   The Collaborative International Dictionary of English

  • fico — Element prim de compunere savantă cu semnificaţia (referitor la) algă , de algă . [< fr. phyco , cf. gr. phykos]. Trimis de LauraGellner, 25.03.2005. Sursa: DN  FICO , FICÉE elem. algă . (< fr. phyco , phucées, cf. gr. phykos) Trimis de… …   Dicționar Român

  • FICO — Abbreviation for Fair Isaac Corporation, the biggest credit scoring company. (See also: credit score) Category: Bankruptcy, Foreclosure & Debt Category: Personal Finance & Retirement Category: Real Estate & Rental Property Nolo’s Plain English… …   Law dictionary

  • ‒fico — ‒fico, ca. (Del lat. fĭcus, de la raíz de facĕre, hacer). elem. compos. Suele significar que hace, produce o convierte en . Lapidífico …   Enciclopedia Universal

  • FICO — in Vitis SS. Hiberniae, genus calceamenti Monachici, vel forte rusticorum. Certe Italis vox rusticum donotat, C. du Fresne Gloss. E ligno fuisse, legas apud Macrum in Hierolexico …   Hofmann J. Lexicon universale

  • fíćo — m 〈G ē〉 razg. naziv za popularni automobil Fiat 650 i 750 …   Veliki rječnik hrvatskoga jezika

  • -fico — {{hw}}{{ fico}}{{/hw}} secondo elemento: in parole composte significa ‘che fa’: benefico, munifico, prolifico …   Enciclopedia di italiano

  • -fico — [dal lat. fĭcus, dallo stesso tema da cui facĕre fare ]. Secondo elemento, atono, di voci nelle quali significa che fa, che rende , e simili …   Enciclopedia Italiana

  • fićo — fíćo m <G ē> DEFINICIJA razg. naziv za popularni automobil Fiat 650 i 750 ETIMOLOGIJA prema imenu talijanske tvornice automobila Fiat© …   Hrvatski jezični portal


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.