What’s the difference between a FICO score and a credit score?

A man looking at a chart on a tablet.


A FICO score can actually impact your credit score.

A FICO score is different from a credit score.

A credit report is a three-digit summary of a consumer’s credit report and the numerical representation of their creditworthiness.

There are different models for calculating credit scores. The Fair Isaac Corporation (FICO) Score is one of the most popular scoring models. So, a FICO score is a credit score calculated using the FICO scoring model.

Just like every other credit score, the FICO score predicts a consumer’s creditworthiness and the risk they might present to a potential lender. This is calculated using the company’s proprietary algorithm and the details in the consumer’s credit report.

In very simple terms, a FICO score is a specific type of credit score because FICO is a company that uses its own model to calculate credit scores. There are other companies that use their algorithm to assess credit reports and compute credit scores, such as VantageScore.

It is noteworthy that your FICO score can vary depending on the credit bureau that furnished the information being analyzed. The top credit reporting bureaus are Experian, Equifax, and TransUnion.

More about the FICO Score

The FICO score ranges from 300 to 850. Scores between 300 and 579 are considered “poor”, while scores from 580 to 669 are deemed “fair.” “Good” scores range from 670 to 739, while scores from 740 to 799 rank as “very good.”

A FICO score that hits 800 or above counts as “exceptional.”

The company considers multiple factors in your credit report when calculating a FICO score. The factors are grouped into 5 different categories, which impact the score differently:

  • Payment history: 35%
  • Amounts owed: 30%
  • Length of credit history: 15%
  • New credit: 10%
  • Credit mix: 10%

Having pointed out the difference between a FICO score and a credit score, it is imperative to mention that errors in a credit report can cause a drop in your FICO score. This is because your FICO score is a type of credit score.

Our team at Consumer Attorneys contains experts in matters relating to credit scores. Should you have any issues, don’t hesitate to contact us

Contact Us

+1 877-615-1725



Related Articles

Credit cards pockets


Why Your Credit Score Isn’t Actually Yours and Other Lies Consumer Reporting Companies Tell

Do You Know Who Really Owns Your Credit Score? (Hint: It's Not You)



How an Equifax Coding Blunder Led to Millions of Incorrect Credit Scores Issued to Lenders

Equifax Coding Snag Led to Millions of Erroneous Credit Scores Issued to Lenders


Hyundai Capital America’s $19-Million Credit Reporting Catastrophe, Explained

Hyundai’s $19-Million Credit Reporting Catastrophe, Explained



What the F(CRA) is a Permissible Purpose?

What the F(CRA) is a Permissible Purpose?


How to Write a Dispute Letter to Credit Bureaus

How to Write a Dispute Letter to Credit Agencies

Medical debts compromise the credit reports of more than 23 million Americans


In the News: Changes by Credit Reporting Bureaus Could Wipe Your Medical Debt From Your Credit Report

Up to 70% of medical debt will be removed from Americans' credit reports starting July 2022

View all articles