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What Is The Scale For Minimum To Maximum Possible Credit Score?
A credit score is a three-digit number that estimates how likely you are to repay borrowed money and pay bills. Credit scores are calculated from information in your credit reports, which include your credit history and current credit situation. The scale for minimum to maximum possible credit score ranges from 300 to 850. This applies to the FICO score and the VantageScore 3.0 model, which are common credit scoring models. A higher credit score is desirable.
Credit scores typically range from 300 to 850. Within that range, scores can usually be placed into one of five categories: poor, fair, good, very good and excellent. In most cases, a credit score of 850 is the maximum possible credit score. Ultimately, lenders typically consider anything above 720 to be an excellent credit score.
The FICO score is the most widely used credit scoring model in the United States. FICO’s credit-scoring models use either a range of 300 to 850 or a range of 250 to 900. VantageScore Solutions LLC also uses a scale of 300-850.
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– https://www.nerdwallet.com/article/finance/highest-credit-score
– https://www.equifax.com/personal/education/credit/score/credit-score-ranges/
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