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FICO (NYSE:FICO) has released its UK Credit Card Market Report for April 2025, revealing ongoing financial pressures in the consumer credit sector. Credit card spending increased 11.8% month-on-month to £825, following seasonal patterns, but remained 0.5% lower year-on-year.

The report highlights concerning trends, including average balances rising 4.9% year-on-year to £1,875 and the proportion of balance paid declining to 33.98%, down 6.2% from April 2024. While accounts with one missed payment decreased by 22.1% month-on-month to 1.29%, the average balance for delinquent accounts increased significantly, with two and three missed payment balances up 6% and 6.3% year-on-year respectively.

FICO (NYSE: FICO), a global analytics software leader, has announced a partnership with MI New York, a professional cricket team in Major League Cricket (MLC), to promote financial literacy and credit education. The collaboration aims to leverage cricket's massive global following of 2.5 billion fans to raise awareness about financial health and credit understanding.

Through this initiative, MI New York cricketers will share financial experiences and credit education content via social media, helping fans access tools and resources for improving their financial literacy. The partnership emphasizes the importance of understanding FICO Scores, which are used by top U.S. lenders for various credit decisions. Consumers can access free FICO Score monitoring and educational materials through myFICO, FICO's consumer platform.

FICO (NYSE: FICO) has announced the integration of its FICO® Score Mortgage Simulator with MeridianLink Mortgage Credit Link (MCL). MeridianLink becomes the first mortgage technology platform to offer this simulation tool, which enables mortgage professionals to analyze how changes in credit report data could impact borrowers' FICO® Scores.

The simulator, exclusively built using FICO® Score algorithms, supports simulations across multiple credit bureaus and classic FICO® Scores (2, 4, and 5) used in mortgage lending. The integration enhances MCL's cloud-based platform by providing lenders with data-driven insights to help borrowers access better loan options and interest rates.

HomeFree-USA has launched the Experian® CreditCenter™, a free tool supported by FICO, to help potential homebuyers achieve their homeownership goals. The initiative will provide 5,000 U.S. homeowners with free access to their Experian Credit Report, FICO® Score 2, and various FICO score tools until June 30, 2026. Recent Experian research reveals that nearly 70% of adults who doubt homeownership cite home prices as the main barrier, followed by down payment requirements and low credit scores. The partnership between Experian, FICO, and HomeFree-USA aims to break down barriers to homeownership by offering personalized credit insights and financial tools. The initiative includes continuing education for HomeFree-USA counselors and the Experian Credit Academy, a financial literacy curriculum for university scholars.

FICO has announced the launch of FICO® Score 10 BNPL and FICO® Score 10 T BNPL, marking the first credit scores from a major provider to incorporate Buy Now, Pay Later (BNPL) data. Set to launch in Fall 2025, these innovative scoring models are designed to better reflect modern consumer behavior and promote financial inclusion. The new scores feature a unique approach that aggregates multiple BNPL loans when calculating variables, potentially increasing FICO Scores for some BNPL borrowers. Developed with input from major U.S. lenders, the scores will be offered alongside existing FICO Score versions at no additional fee, allowing lenders to evaluate the enhanced models while maintaining current operations.

FICO (NYSE:FICO), a global analytics leader, has announced a significant new stock repurchase program authorized by its Board of Directors. The program allows the company to repurchase up to $1 billion of its outstanding common stock through both open market and negotiated transactions. This new open-ended program follows the completion of FICO's previous stock repurchase program that ran from July 2024 to June 2025. The announcement demonstrates FICO's commitment to returning value to shareholders and confidence in the company's financial position.

A FICO survey reveals UK consumers are lagging behind other European markets in real-time payments (RTP) adoption and trust. While 79% of UK consumers have used RTP, this falls behind Sweden (94%) and Germany (83%). Only 35% of UK consumers believe RTP is more secure than credit cards, significantly below the global average of 51%. The lower confidence levels may be attributed to rising scam losses, which exceeded £450 million in 2024 according to UK Finance. FICO's Principal Fraud Consultant James Roche emphasizes the need for UK banks to build consumer confidence through enhanced security measures, clear risk communication, and implementation of scam protection technology.

FICO, in collaboration with the Hispanic 100 Foundation and Congresswoman Young Kim's office, will host a free Score A Better Future™ credit education workshop on June 28, 2025, at the Yorba Linda Public Library. The event, scheduled from 11:00 a.m. to 1:00 p.m. PT, aims to help community members, college students, and adults better understand credit management and FICO Scores. Attendees will receive free FICO Score access and can connect with nonprofit credit counselors. The initiative aligns with California's new personal finance education requirement for high school students starting with the class of 2030. The workshop represents a broader movement to improve financial literacy, particularly targeting the Hispanic community and supporting long-term financial stability through practical credit education and resources.

FICO announced that Guild Mortgage has adopted FICO Score 10 T for non-GSE mortgage loans, marking a significant advancement in credit scoring technology. The new scoring model incorporates trended credit bureau data to better assess consumer credit behavior over time. Early adoption data shows promising results, with 51% of mortgages receiving higher scores and 1.7% more mortgages scoring 740+. Nearly 30 lenders representing over $300 billion in annual mortgage originations and $1.5 trillion in portfolio servicing have joined the Early Adopter Program. Guild Mortgage's implementation of FICO Score 10 T aligns with their mission to serve first-time homebuyers and those with limited traditional credit, potentially making homeownership more accessible while maintaining robust risk management.