Answer
The given statement is False. The correct statement is, “Credit scores range from 300 to 850, with a higher score indicating better credit”
Work Step by Step
A credit score is a document created in the next process which is performed by the credit bureau in order to check the creditworthiness of the credit card holder.
Credit bureau performed the next process by analyzing the credit report of the credit card holder to ensure the creditworthiness of the cardholder. A credit score is created by the credit bureau using the data of the credit report.
Hence, the given statement is false.
