What is a good credit score?
March 24, 2022
Firstly, there is no one universal number to quantify the credibility of potential finance applicants. Different Credit Rating Agencies (CRA) evaluate credit risks through complex formulas involving multiple criteria varying from payment history, credit utilization, affordability, electoral roll registration, and many more. FICO designates 850 (100%) as the “perfect” score, and anything above 700 is […]
Firstly, there is no one universal number to quantify the credibility of potential finance applicants. Different Credit Rating Agencies (CRA) evaluate credit risks through complex formulas involving multiple criteria varying from payment history, credit utilization, affordability, electoral roll registration, and many more. FICO designates 850 (100%) as the “perfect” score, and anything above 700 is considered “good.”