FICO says its FICO Score 9 for U.S. auto lenders and credit card issuers is now available. The new consumer score is also available to all three major U.S. credit reporting agencies.
The Company says the industry versions of FICO Score 9 are important additions to the FICO Score 9 suite, helping lenders manage risk with greater precision and extend credit safely to as many people as possible.
The predictive power added to FICO Score 9 through important innovations, such as our nuanced treatment of medical debt, helps credit grantors increase lending responsibly, says FICO.
FICO Score 9 can help lenders address their risk and compliance challenges and continue making responsible loans. And as auto lenders extend credit to a larger range of borrowers, the improved predictiveness of FICO Auto Score 9 will be critical.
FICO 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.
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