FICO^® score is a type of credit score created by the Fair Isaac Corporation (FICO^®). FICO^® is the most common credit-scoring model used by creditors.

According to this model, the higher a consumer's FICO score, the less likely they are to default on the loan.

The FICO^® score is determined by five factors using the information in the credit reports:

1. Payment history;
2. How much debt is owed;
3. Length of credit history;
4. How much new credit the consumer has; and
5. The types of credit borrower currently have in use.