Answer
Credit scores are determined to evaluate the creditworthiness of a person. These scores usually range from 300 to 850 with a higher score indicating better creditworthiness.
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.
