Building Credit Cred: Knowledge Check
Which one of the following statements accurately
describes FICO?
That’s correct. FICO is a company that uses statistics
and mathematical formulas called algorithms
to pack your financial story into a single
threedigit number between 300 and 850.
That’s incorrect. FICO is a company that uses
statistics and mathematical formulas called
algorithms to pack your financial story into
a single threedigit number between 300 and
850.
That’s incorrect. FICO is a company that uses
statistics and mathematical formulas called
algorithms to pack your financial story into
a single threedigit number between 300 and
850.
That’s incorrect. FICO is a company that uses
statistics and mathematical formulas called
algorithms to pack your financial story into
a single threedigit number between 300 and
850.

