TRUE
Borrowers typically have five FICO scores, as there are three major credit bureaus (Equifax, Experian, and TransUnion), and each bureau may have multiple versions of the FICO score. Additionally, there are industry-specific scores and variations that may also apply. However, the statement that borrowers have "five" FICO scores can be misleading depending on how it's interpreted, but the general idea is that borrowers have multiple FICO scores from different bureaus and possible versions.