Fri Feb 07 12:12:21 UTC 2025: ## FICO Scores Gaining Ground in India’s Lending Market
**MUMBAI, INDIA** – While CRIF High Mark remains the dominant credit scoring system in India, the FICO score is steadily increasing its presence in the country’s lending market, according to recent financial reports. FICO, a three-digit credit risk assessment developed by Fair Isaac Corporation, ranges from 300 to 850 and provides lenders with a clear indication of a borrower’s creditworthiness based on their repayment history.
Although not yet as widely used as CRIF High Mark, FICO scores are gaining traction, particularly with the adoption of alternative data scoring methods and advancements in technology that improve risk profiling. Understanding FICO scores is becoming increasingly important for Indian consumers seeking credit, as it empowers them to navigate the evolving credit landscape more effectively. Factors influencing FICO scores include payment history, amounts owed, length of credit history, new credit, and credit mix.
The growing importance of FICO in India reflects a broader trend towards more sophisticated credit assessment tools. While CRIF High Mark remains the primary method, the increasing adoption of FICO signals a shift towards greater diversity and potentially more accessible credit options for Indian borrowers.
First Piper 