Skip nav to main content.

New FICO Score Aims to Expand Access to Credit

There’s a new version of the famous FICO Score – one the company hopes will…

  • July 14, 2018

There’s a new version of the famous FICO Score – one the company hopes will help expand credit opportunities to millions people whose consumer files were previously unscorable.

Called FICO Score XD 2, the new score utilizes the most recent data from expansive data sources, ensuring the scoring results reflect current behavior trends.

FICO Score XD 2, developed in partnership with LexisNexis Risk Solutions and Equifax, utilizes alternative data – data that resides outside of traditional credit files – to generate scores for consumers who do not have credit files or whose credit files contain outdated or limited information.

Bankcard issuers can use FICO Score XD 2 in the originations process alongside standard FICO Scores, which means lenders do not have to replace existing systems.

FICO Score XD 2 continues to leverage the same proven modeling methodology and scoring range (300-850) as used in traditional FICO Scores.  This helps maintain consistency of scoring results between versions and enables a seamless transition between scores.

Further, FICO Score XD 2 replicates advancements made in FICO Score 9, including predictive enhancements to medical debt collections.

FICO utilizes Fair Credit Reporting Act (FCRA) compliant alternative data sources to provide reliable FICO Scores to people who can’t be scored using traditional credit bureau data alone.

In evaluating and selecting data for the model, FICO put each data type through a rigorous six-point test including ability to comply with relevant regulations, depth and breadth of information provided, scope and consistency of coverage across populations, accuracy, predictiveness, and additive value.

FICO Score XD 2 scores more than 26.5 million previously unscorable consumer files

FICO findings demonstrate that consumers with a FICO Score XD 2 over 620 that go on to obtain credit maintain a high traditional FICO Score in the future – 75% scored 620 or higher in the subsequent 24 months.

It’s all part of the FICO Financial Inclusion Initiative, in which FICO worked with LexisNexis Risk Solutions and Equifax to launch the first version of FICO Score XD in April 2016.

FICO Score XD was specifically designed to provide a reliable credit score for consumers that were previously unscorable based on their traditional credit data alone.

With today’s release, FICO Score XD 2 has been further optimized to leverage alternative data sources to increase credit access and give bankcard issuers a second opportunity to assess otherwise unscorable consumers.

Find out more at


Leave a Comment