While the FICO credit score is widely known, there is no one true credit score.
In fact, an important component of a FICO credit score is credit utilization.
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But a closer look by the folks at Fair Isaac, a business research firm and father of the FICO credit score, suggests that some industries are indeed riskier than others.
Perhaps the most intriguing idea discussed at demo day was advanced by Clinicast, an analytics company that aspires to develop an industry-standard health risk score, analogous to the FICO credit score.
While rental payments will show up on the firms' credit reports and some credit scores like the VantageScore, they won't be reflected in the FICO credit score, which is commonly used by lenders, says FICO.
But a closer look by the folks at Fair Isaac (nyse: FIC - news - people ), a business research firm and father of the FICO credit score, suggests that some industries are indeed riskier than others.
Prospects with no FICO (a national American credit rating) score, no credit cards and no checking account just look like risk to a bank.
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Listen to my podcast, Credit Score Fact or Fiction, with former FICO executive Tom Quinn.
Mr. HENDRICKS: Fair Isaac is the first creator of the widely used credit score, which is known as the FICO score.
When expats return to the U.S., they might not have a FICO score for as long as six months after new credit transactions are reported.
The limited credit histories of students were not sufficient to drive a meaningful FICO score.
According to Navin Bathija, Neo's CEO, the company does review a user's credit report for red flags and but doesn't use the FICO score in its risk calculation.
In the case of credit card applications, every inquiry is counted separately, but each shaves fewer than five points off a FICO score, according to the CFPB.
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For example, anyone in the country can join Associated Credit Union, which offers a card with a 9.9% APR, for members with a FICO score above 680.
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