Definition
A FICO score is a three-digit number, ranging from 300 to 850, that assesses a consumer's creditworthiness based on data from credit bureaus. It is the industry standard for risk evaluation.
Algorithmic Impact
FICO scores dictate both approval probabilities and interest rates. A score of 700 or above opens access to premium liquidity networks, while a sub-600 score may require specialized subprime matching algorithms.