ECONOMICS
CREDIT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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First Intern Corporation
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Foreign Investment Corporation
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Future Interest Corporation
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Fair Isaac 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 is an acronym for Fair Isaac Corporation, the company that developed the FICO® credit scoring models that many lenders use to help accurately predict a consumer’s ability to repay a debt on time.
Detailed explanation-3: -Originally called Fair, Isaac and Company (hence the abbreviation FICO), this name was changed to Fair Isaac Corporation in 2003.
Detailed explanation-4: -The company provides analytics software and tools used across multiple industries to manage risk, fight fraud, build more profitable customer relationships, optimize operations and meet strict government regulations.
Detailed explanation-5: -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.