Range of Possible Scores

Posted By: bgehres

Range of Possible Scores - 03/14/05 05:55 PM

Can someone clarify what goes into the "Range of Possible Credit Scores" box on the Disclosure of Credit Score Information? We obtain a credit report with credit score but do not have set guidelines or a cutoff score for approving/denying applications based on credit score.
Posted By: Truffle Royale

Re: Range of Possible Scores - 03/14/05 06:00 PM

Each cra has a range of possible scores and, of course, no two are alike.

In order for your client to know what his score means, he has to have the "range" of high and low that it fits into.
Posted By: Lost in a sea of Regs

Re: Range of Possible Scores - 03/14/05 07:23 PM

Here are the range of scores we have been provided by the CRA's. If these differ from anyone else please let me know.
Trans union 336-843 Equifax 300-850 Experian 300-850