What is a Fido Score?
Your Fido Score is a measure of your creditworthiness within the Fido platform. It helps us assess your eligibility for credit and determine the credit amounts and repayment terms you may qualify for.
Your score is generated using information gathered during your application process, including your affordability assessment and repayment history.
Why is your Fido Score important?
Your Fido Score helps determine:
- Whether you're eligible for credit
- The credit amount you may qualify for
- The repayment terms available to you
- Your growth through Fido's credit levels
Generally, a stronger score can improve your access to higher credit amounts and longer repayment terms over time.
How is it used?
Your Fido Score is reviewed whenever you apply for credit. The score works alongside our affordability assessment to help us make responsible lending decisions.
Your score is updated regularly based on your repayment activity and overall account behavior.
Fido will not share any information you provide us with third parties without your consent.