Thinking Mathematically (6th Edition)

Published by Pearson
ISBN 10: 0321867327
ISBN 13: 978-0-32186-732-2

Chapter 8 - Personal Finance - 8.8 Credit Cards - Concept and Vocabulary Check - Page 563: 5

Answer

Credit scores range from 300 to 850, with a higher score indicating better credit (worthiness).

Work Step by Step

Credit scores of the users availing credit card facility are evaluated to determine their creditworthiness. A person having higher credit score indicates the better creditworthiness. The scores of an individual generally range from 300 to 850 depending upon the creditworthiness that they possess. A person having credit score ranging from 20 to 850 is considered as the excellent user while a person having credit score ranging from 300 to 579 is considered as the bad user in terms of his creditworthiness and he may be denied to get the credit facility.
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