Answer
True
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 720 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.
Hence, the given statement is true.
