Question

FICO stands for Federal insurance and Credit Operations

A. Federal Insurance and Credit Operations
B. Fair Isaac Corporation
C. Financial Institutions Credit Oversight
D. Federal Investment and Credit Organization

Answer 1

FICO stands for Fair Isaac Corporation. It is a credit scoring system used by lenders to assess an individual's creditworthiness.

Step-by-step explanation:

FICO stands for Fair Isaac Corporation. It is a credit scoring system developed by the Fair Isaac Corporation to assess an individual's creditworthiness. FICO scores range from 300 to 850 and are widely used by lenders to determine whether to grant credit and at what interest rate.