Asked by Phoenix Friday on May 09, 2024
Verified
FICO scores range from 300 to about 850.A score above 770 is excellent,a score above 700 is good,and a score below 600 is considered a credit risk.
FICO Scores
A type of credit score created by the Fair Isaac Corporation, used by lenders to assess an individual's credit risk.
- Absorb and put into practice the basic principles distinguishing truth from falsehood in the context of loans, credit cards, and consumer safeguarding.
Verified Answer
SJ
Sladetho JonesMay 12, 2024
Final Answer :
True
Explanation :
This is an accurate description of the FICO score ranges and their corresponding credit ratings.
Learning Objectives
- Absorb and put into practice the basic principles distinguishing truth from falsehood in the context of loans, credit cards, and consumer safeguarding.