Questions: Which of the following is the most commonly used credit score range? 300-850

Which of the following is the most commonly used credit score range?
300-850
Transcript text: Which of the following is the most commonly used credit score range? 300-850
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Solution

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The answer is the second one (B): 300-850.

Explanation for each option:

  1. 200-800: This range is not commonly used for credit scores. Most credit scoring models, such as FICO and VantageScore, do not use this range.

  2. 300-850: This is the most commonly used credit score range, particularly for FICO scores, which are widely used by lenders to assess creditworthiness.

  3. 400-850: While this range overlaps with the common range, it does not represent the full spectrum of the most widely used credit scoring models.

In summary, the 300-850 range is the standard for most credit scoring models, making it the most commonly used range.

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