FICO and Círculo de Crédito Bring World's Leading Credit Score to Peru

SAN JOSE, Calif., Feb. 9, 2017

Highlights:

• FICO and Círculo de Crédito have made the FICO^® Score available to lenders in Peru
• The score is available now through Círculo de Crédito Peru.
• The FICO^® Score is the world's leading credit score, with more than 10 billion sold each year

Millions of Peruvians will find new credit opportunities thanks to the introduction of the FICO^® Score in Peru. Círculo de Crédito, the fastest-growing credit bureau in Mexico, has partnered with Silicon Valley analytics firm FICO to introduce the FICO^® Score, which will help lenders measure risk more accurately and extend credit with greater confidence. The score is available now at Círculo de Crédito's Peruvian licensee.

FICO built the score by applying its advanced predictive analytics and unmatched expertise of credit patterns to data on millions of Peruvians. FICO data scientists studied hundreds of possible variables to build the model, which has performed extremely well in rigorous validation testing.

"Peru joins the more than 20 countries worldwide to benefit from the FICO Score's unparallelled risk assessment," said Jim Wehmann, executive vice president of Scores at FICO. "As always, we have performed the most extensive research possible on Peru's credit patterns to deliver the FICO Score built exclusively for this market. Together with Círculo de Crédito, we are expanding the FICO Financial Inclusion Initiative to Peru, helping lenders gauge credit risk more accurately, which allows them to make more credit available to more people profitably."

The FICO^® Score is the world's leading credit score, and the standard measure of US consumer credit risk. More than 10 billion FICO Scores are purchased each year by lenders. Last year, FICO announced the FICO Financial Inclusion Initiative, aimed at improving access to billions of consumers worldwide.