myFICO Survey: Consumers Concerned About Credit Card Debt, Plan Conservative Holiday Spending

 myFICO Survey: Consumers Concerned About Credit Card Debt, Plan Conservative
                               Holiday Spending

Few consumers expect to open new credit card accounts; most plan to charge
holiday purchases and stay within budget

PR Newswire

SAN JOSE, Calif., Dec. 4, 2012

SAN JOSE, Calif., Dec. 4, 2012 /PRNewswire/ --myFICO, the consumer division
of FICO (NYSE:FICO), the company that invented the FICO^® Score, revealed that
credit card debt continues to be consumers' biggest financial worry as the new
year approaches. According to a November survey, nearly one third of consumers
are cutting back on holiday spending and plan to practice conservative credit
behaviors this year. Only 20 percent will consider opening new credit card
accounts, and approximately 65 percent expect to charge less than $500 on
their credit cards – a figure that most consider moderate and within their


Credit Card Use and Repayment Time to Increase in 2012

Approximately half plan to use credit cards exclusively for all their holiday
purchases, while nearly a third will reserve credit cards only for more
expensive gifts. However, 80 percent of consumers will use a fraction of their
credit limit – less than 25 percent – which tends to bode well for a
consumer's FICO Score. "Keeping revolving credit low can have a positive
impact on an individual's credit score, since this accounts for almost 30
percent of a typical score," said Anthony Sprauve, spokesperson for myFICO.

Nearly a quarter of respondents will need more than three months to pay off
their 2012 holiday expenses, compared to 18 percent in a similar survey
conducted in 2010.

"While consumers are using credit cards more this year, it's important not to
get carried away," said Sprauve. "Payment history is the most influential
factor when determining an individual's FICO Score; therefore it's critical to
pay at least the minimum amount on all credit cards every billing cycle."

Concern about Fraud and Credit Score Impact

According to the myFICO holiday spending survey, about 14 percent of
respondents indicated they are concerned about the effect of holiday spending
on their FICO Score. Additionally, 62 percent are concerned about fraud or
identity theft during the holidays; surprisingly, 20 percent of these
individuals take no steps to protect themselves.

"Tools such as Score Watch offered by myFICO can be used by an individual to
detect important changes to that individual's credit report, allowing them to
become aware of fraudulent charges or inaccuracies, so they can take immediate
corrective action to minimize negative impacts to their FICO Score," said
Sprauve. "Regularly monitoring your bank statement and credit report for
errors can be instrumental for identifying fraudulent charges and maintaining
an accurate credit report."

About myFICO

myFICO is the consumer division of FICO, the company that invented the FICO^®
Score, a credit risk score which serves as a de facto credit score used by the
vast majority of lenders in the United States. myFICO offers informative free
credit educational information that helps people understand actions they can
take to achieve and protect their overall financial health.

About FICO

FICO (NYSE:FICO) delivers superior predictive analytics solutions that drive
smarter decisions. The company's groundbreaking use of mathematics to predict
consumer behavior has transformed entire industries and revolutionized the way
risk is managed and products are marketed. FICO's innovative solutions include
the FICO^® Score — the standard measure of consumer credit risk in the United
States — along with industry-leading solutions for managing credit accounts,
identifying and minimizing the impact of fraud, and customizing consumer
offers with pinpoint accuracy. Most of the world's top banks, as well as
leading insurers, retailers, pharmaceutical companies and government agencies,
rely on FICO solutions to accelerate growth, control risk, boost profits and
meet regulatory and competitive demands. FICO also helps millions of
individuals manage their personal credit health through Learn
more at FICO: Make every decision count^™.

For FICO news and media resources, visit

Statement Concerning Forward-Looking Information

Except for historical information contained herein, the statements contained
in this news release that relate to FICO or its business are forward-looking
statements within the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. These forward-looking statements are
subject to risks and uncertainties that may cause actual results to differ
materially, including the success of the Company's Decision Management
strategy and reengineering plan, the maintenance of its existing relationships
and ability to create new relationships with customers and key alliance
partners, its ability to continue to develop new and enhanced products and
services, its ability to recruit and retain key technical and managerial
personnel, competition, regulatory changes applicable to the use of consumer
credit and other data, the failure to realize the anticipated benefits of any
acquisitions, continuing material adverse developments in global economic
conditions, and other risks described from time to time in FICO's SEC reports,
including its Annual Report on Form 10-K for the year ended September 30,
2012. If any of these risks or uncertainties materializes, FICO's results
could differ materially from its expectations. FICO disclaims any intent or
obligation to update these forward-looking statements.

FICO, myFICO and "Make every decision count" are trademarks or registered
trademarks of Fair Isaac Corporation in the United States and in other


Contact: Anthony Sprauve, Director, Public Relations -,
+1-415-491-5235 (Mondays, Wednesdays and Fridays) or +1-408-535-1588 (Tuesdays
and Thursdays),
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