Millennial credit line app Lenny has partnered with FICO (NYSE: FICO) to provide students and post-grads with their FICOÂ® Score, the standard measure of consumer credit risk, the company said.
Through its app, Lenny users can now access their FICOÂ® Scores at no cost, learning where they stand financially and how they can build credit history accordingly.
Lenny users can press a button in the app to view their FICOÂ® Score as well as a historical graph representing how their score has changed over time. FICOÂ® Scores range from 300 to 850, with higher scores representing lower credit risk and eligibility for preferable credit terms.
Lenny offers credit lines from as little as USD100 to USD10,000 with zero percent interest when balances are repaid in full and on time. Lenny uses a credit-deciphering algorithm to determine risk. Once a credit line has been approved, users can cash out to their bank account or instantly pay their friends using the peer-to-peer payment function.
FICO powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in Silicon Valley, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions.