![What is a FICO score and why does it matter for your financial health? | Mint What is a FICO score and why does it matter for your financial health? | Mint](https://i0.wp.com/www.livemint.com/lm-img/img/2025/02/07/1600x900/credit_score_1_1738869471835_1738920263480.jpg?w=600&resize=600,400&ssl=1)
What is a FICO score and why does it matter for your financial health? | Mint
Source: Live Mint A FICO score is a credit risk measurement tool. It is developed by Fair Isaac Corporation. It is a tool which summarizes an individual’s repayment behavior and it is primarily based on their credit history. It is important to acknowledge that the FICO score is not used extensively in India like the…