Question

What is the lowest possible FICO credit score? a. 0 b. 100 c. 300 d. 520

What is the lowest possible FICO credit score?

a. 0

b. 100

c. 300

d. 520
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Answer #1

FICO score is the credit scroe which has been created by Fair Issac Corporation. With the help of this score along with some other details, one can know the credit worthiness of the borrower and decide if more money can be given to borrower or not.

FICO mainly considers following 5 factors to determine the credit worthiness:

- Payment History

- types of credit used

- Lenght of credit history

- new credit accounts

- current level of indebtness

FICO score ranges from 300 to 850.

Hence lowest possible FICO score is 300 (Option c)

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