HispanicBusiness

FICO (NYSE: FICO), the credit-scoring company, has announced that its credit reports and FICO scores are now available in Spanish on its myFICO en Espanol website. Visitors to the website can get their personal credit report, FICO score and analysis in Spanish for the first time ever, according to a company news release.

"Today more than ever, American consumers need information, insight and tools that can help improve their understanding of how credit works in the U.S. financial marketplace," said Mark Greene, CEO of FICO. "We felt it was essential to extend the award-winning resources on myFICO.com to the more than 34 million native Spanish-speaking consumers in the U.S. and Puerto Rico."

The FICO score is a standard measure of consumer credit risk in the U.S., where large banks use the score to determine a customer's mortgage rates, car financing and credit card terms.

"MyFICO.com will change the way Spanish-speaking consumers approach credit, just as (FICO) has done for English-speaking consumers since 2001," said Sergio Ugarte, vice president of scores business development, FICO.

The new site enables users to toggle between Spanish and English, a format that is preferred by many bilingual speakers. More than 600 pages of Spanish-language consumer financial educational materials are available to visitors.

"As someone who regularly works with Spanish-speaking consumers, I can tell you that myFICO en Espanol is groundbreaking," said Yamila Ayad, associate vice president, First Nations Home Finance. "This site is critical not only for the Latino consumer, but for many of the professional practitioners who help educate Hispanic families who want to become homeowners."

The site is live at the following link: http://espanol.myfico.com.