Fair Isaac Corp. has named MicroBilt Corp. the exclusive licensee of its FICO Expansion score for thin-file credit applicants.
The Minneapolis company's model is designed for the estimated 50 million to 70 million people with either no traditional credit history or "thin" files with the credit bureaus.
The agreement, announced last week, gives MicroBilt the right to use FICO's scoring model in the United States to calculate and sell FICO Expansion scores to lenders and businesses that grant credit.
