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Which Credit Score Do Lenders Use? 

CreditStrong for Business

FICO is overwhelmingly used by most consumer credit lenders. VantageScore vs FICO Most people use the terms credit score and FICO Score the same way, but there’s more than one type of credit score. Both are valid and used by multiple types of lenders to determine your likelihood of repaying debts and credit risk.

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FCA’s Consumer Duty Mandates Sharper Use of Technology

FICO Blog

They apply to both new and existing products and represent one of the single biggest compliance overhauls since the publication of the regulator’s Treating Customer Fairly Initiative in 2006. Plenty still have siloed data across marketing, credit risk, customer management, fraud, compliance, and collections operations.

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The Different Credit Score Ranges for the Ten(ish) Most Popular Credit Scores

Fundera

Your credit score is a three-digit number that gives potential lenders an idea of how likely it is that you’ll be able to pay off debt. The higher, the better: most credit score ranges begin at 300 and increase until 850. What are the different credit score ranges and what do they mean? Credit Scores are a Good Thing (Really!).