SAN DIEGO, Jun 11, 2003 (BUSINESS WIRE) -- Fair Isaac Corporation (NYSE:FIC) announced today at its InterACT 2003 client conference the launch of its newest consumer product, FICO-Scored Experian Credit Profile, becoming the first company in the nation to offer consumers all three of their FICO(R) credit risk scores -- the industry-standard scores used by lenders when deciding who gets credit and at what rates. Available exclusively on www.myFICO.com, the Experian-based FICO score joins FICO scores from Equifax and TransUnion in the first complete view for consumers of the way lenders really see them.

"This is a big day for American consumers," said Tom Grudnowski, CEO of Fair Isaac. "Having all three FICO scores is like getting a three-dimensional view of your credit road ahead. For the first time, you can compare your three scores just as lenders do. By adding the Experian-based FICO score to FICO scores from Equifax and TransUnion, www.myFICO.com has become an essential stopping point for anyone wanting to get the best deal on a credit card or new loan."

Consumers can buy their FICO scores calculated from the credit reports of each of the national credit reporting agencies. Each score is individually packaged and delivered online with the underlying credit report and Fair Isaac's personalized analysis of that score, including suggestions for improving it over time. The cost to consumers is $12.95 for each FICO-scored profile ($38.85 for all three), the same price that Fair Isaac has charged since it first offered FICO scores directly to consumers more than two years ago.

Fair Isaac is encouraging consumers to check all three of their FICO scores since widely different scores are a good sign that the underlying credit reports contain significantly different information. The company also advises consumers to regularly verify the accuracy of their credit reports, both to protect their FICO scores and to detect early signs of possible identity theft.

The FICO score is used to make billions of credit decisions each year, including more than 75 percent of mortgage loan originations. In addition, more than 40 of the nation's 50 largest financial institutions rely on the FICO score to help them determine an individual's credit risk. The myFICO Web site offers informative, actionable credit information services that help people improve and protect their overall financial health. Through www.myFICO.com and its associates, over two and a half million FICO score-based information products have been purchased to date.

About Fair Isaac

Fair Isaac Corporation (NYSE:FIC) is the preeminent provider of creative analytics that unlock value for people, businesses and industries. The company's predictive modeling, decision analysis, intelligence management, decision management systems and consulting services power more than 25 billion mission-critical customer decisions a year. Founded in 1956, Fair Isaac helps thousands of companies in over 60 countries acquire customers more efficiently, increase customer value, reduce fraud and credit losses, lower operating expenses and enter new markets more profitably. Most leading banks and credit card issuers rely on Fair Isaac solutions, as do insurers, retailers, telecommunications providers, healthcare organizations and government agencies. Through the www.myFICO.com Web site, consumers use the company's FICO(R) scores, the standard measure of credit risk, to manage their financial health. As of August 5, 2002, the business of HNC Software Inc., a leading provider of high-end analytic and decision management software, is part of Fair Isaac. For more information, visit www.fairisaac.com.

Statement Concerning Forward-Looking Information

Except for historical information contained herein, the statements contained in this press release that relate to Fair Isaac 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 any unforeseen technical difficulties related to the implementation, use and functionality of the myFICO(SM) offering, market acceptance of the offering, the risks that customers will not perceive material benefits from the offering, failure of the offering to deliver the expected results, the possibility of errors or defects in the offering, the company's ability to recruit and retain key technical and managerial personnel, the maintenance of its existing relationships with key alliance partners, competition, regulatory changes applicable to the use of consumer credit and other data, a lengthy sales cycle for our products, and other risks described from time to time in Fair Isaac's SEC reports, including its Annual Report on Form 10-K for the year ended September 30, 2002, and Form 10-Q for the period ended March 31, 2003. If any of these risks or uncertainties materializes or any of these assumptions proves incorrect, Fair Isaac's results could differ materially from Fair Isaac's expectations in these statements. Fair Isaac disclaims any intent or obligation to update these forward-looking statements.

Note to Editors: Fair Isaac, FICO, myFICO, FICO-Scored Experian Credit Profile, and HNC are trademarks or registered trademarks of Fair Isaac Corporation, in the United States and/or in other countries. Other product and company names herein may be the trademarks of their respective owners.

SOURCE: Fair Isaac

Fair Isaac
Heidi Flannery, 800/213-5542 (Investors/Analysts)
investor@fairisaac.com
Craig Watts, 415/492-5399 (Media)
craigwatts@fairisaac.com

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