ECONOMICS
CREDIT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Fair Isaac Corporation
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Fair Isaac Newton
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Fair Isaac Company
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Fair Investment Corporation
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Detailed explanation-1: -FICO is the acronym for Fair Isaac Corporation, as well as the name for the credit scoring model that Fair Isaac Corporation developed. A FICO credit score is a tool used by many lenders to determine if a person qualifies for a credit card, mortgage, or other loan.
Detailed explanation-2: -FICO was created in 1956 by engineer Bill Fair and mathematician Earl Isaac, and its name comes from what was Fair, Isaac, and Company. The initial goal was to improve business decisions by using data intelligently. Fair and Isaac developed and sold their first credit scoring system in 1958.
Detailed explanation-3: -FICO stands for Fair Isaac Corporation. You are entitled to a free copy of your credit report twice a year. What is the highest credit score number?
Detailed explanation-4: -Originally called Fair, Isaac and Company (hence the abbreviation FICO), this name was changed to Fair Isaac Corporation in 2003.
Detailed explanation-5: -FICO is a major analytics software company that provides products and services to both businesses and consumers. The company is best known for producing the most widely used consumer credit scores that financial institutions use in deciding whether to lend money or issue credit.