What is the scale for credit scores?

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What is the scale for credit scores?

2007-10-18 06:53:56 · 2 answers · asked by Anonymous in Business & Finance ➔ Credit

2 answers

Experian, Trans Union & Equifax (the main 3 bureaus) and 4th largest is Innovis, all use a formula within FICO.

FICO scores range from 350 to 850.

I'm in the credit business and would be happy to share anything else you need to know.

2007-10-18 07:45:02 · answer #1 · answered by Mark S 1 · 1⤊ 0⤋

Each credit agency has their own system, although they are very close to each other. Last I heard, Trans Union considers a perfect score around 860. Experian is very close to that. The three companies use different formulas to arrive at their scores. The formula is secret and is not disclosed to the public. No one in the world has a perfect score.

2007-10-18 07:08:51 · answer #2 · answered by Bibs 7 · 0⤊ 0⤋