Santa’s FICO® Score was calculated using an actual FICO algorithm.
At 757, Santa’s score is well above the U.S. average of 695
The Consumer Scores division of the analytics software firm FICO (NYSE:FICO) today announced Santa has a FICO® Score, and it is 757. Santa’s FICO® Score may qualify him for favorable lending terms, which could save him a sleigh load of money next time he refinances his home “toy factory” mortgage. Santa’s score is an actual FICO Score, which FICO’s data scientists calculated using financial information that commonly makes up an individual’s credit profile. This infographic illustrates the factors that went into Santa’s FICO Score.
“Santa works hard to understand his credit health, especially during the holiday season,” says Ethan Dornhelm, Senior Principal Scientist for FICO. “Santa’s FICO Score represents a snapshot in time. It may be impacted by borrowing money to purchase materials to build millions of toys for kids around the world, and it considers things like whether he pays his bills on time, and the level of his revolving balances after the holidays are over.”
Santa’s FICO® Score was derived by taking into account his recent financing of a new hybrid sleigh purchase, his use of credit cards during the holiday toy production season, his HELOC that he used to expand his toy factory a few years ago, and his long history of using credit responsibly.
“Santa chose to share his FICO Score to encourage others to be proactive about their personal finances and checking their FICO Scores, particularly during the holiday shopping season,” added Dornhelm. “Santa also wanted to call attention to the fact that he can access his FICO Scores through the FICO Score Open Access program. This program gives more than 100 million consumer accounts access to FICO Scores for free through their lenders, so now it is easier than ever to check your FICO Score, and check it twice.”
FICO® Scores are used in more than 90 percent of lending decisions in the US 1. Consumers should be aware that there are other scores available online, but if the score does not clearly say FICO® Score, it is likely not a real FICO® Score. Knowing your FICO® Scores includes having an accurate understanding of how lenders will evaluate you when you apply for a loan. The process of obtaining credit can be confusing, but there’s no better place for you to start than with FICO® Scores. FICO® Scores are used by 90% of top lenders. FICO® Score – The score lenders useTM.