A big part of the debt system in the United States is determining the credit worthiness of people trying to access capital and the risk associated with it. FICO scores were created by the Fair Isaac Corporation and are utilized by financial institutions to help determine the risk level of a potential borrower. The FICO score ranges between 300 and 850, and they are calculated by taking five factors into consideration: payment history, amount owed, length of credit history, the amount of credit accounts opened recently,…