ANSWERS: 1
  • Credit scores are developed by major credit bureaus, the most widely used of which is FICO (Fair Isaac COrportation). Factors that determine an individual's credit rating include payment history, debt-to-credit ratio, balances, recent credit use and available credit. A score in the high 700s is considered optimum and a score below 500 is considered below average. The range is from 300 to 850.

    Source:

    Equifax

    Experian

    TransUnion

    More Information:

    FICO

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