FICO is an acronym for the Fair Isaac Corporation. Founded in 1956 by engineer Bill Fair and mathematician Earl Issac, the company developed the FICO score, which is a way to measure the credit risk of an individual. The score is based on a proprietary formula owned exclusively by its founders. The exact components of the formula and how it is calculated are not available for publication. It is the most widely used credit score in the world.

Here is a sample question from Episode 7, FICO Credit Scores

A FICO score of about 600 is good when?

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