What is a FICA Score?
A FICO score, sometimes erroneously referred to as a FICA score, is a numerical score that determines how likely a consumer will pay his or her bills. The scores are compiled by a company called Fair Isaac & Co., which began developing credit scores in the latter part of the 1950s. Today, lenders and other agencies rely on FICO scores in order to decide if a consumer should be granted a loan.
