FICO, or the Fair Isaac Corporation, is a company that specializes in data analytics and software used primarily for credit scoring. Their most well-known product is the FICO Score, which helps lenders assess the creditworthiness of individuals. This score is calculated based on various factors, including payment history, credit utilization, and the length of credit history. The FICO Score ranges from 300 to 850, with higher scores indicating better credit risk. Many banks and financial institutions rely on this score to make decisions about loans, credit cards, and interest rates. Understanding your FICO Score can help you manage your finances and improve your chances of securing credit.