BANKING AFFAIRS

Detailed explanation-1: -CIBIL scores can range anywhere between 300 and 900, with 900 denoting maximum creditworthiness. A CIBIL score of 750 or above in your credit report is ideal.

Detailed explanation-2: -Depending on the type of scoring model, a 900 credit score is possible. While the most common FICO and VantageScore models only go up to 850, the FICO Auto Score and FICO Bankcard Score models range from 250 to 900.

Detailed explanation-3: -Credit scores from 660 to 900 are generally considered good, very good, or excellent. There’s no “magic number” to reach when it comes to receiving better loan rates and terms.

Detailed explanation-4: -A credit score of 760 and above is generally considered to be an excellent credit score. The credit score range is anywhere between 300 to 900. The higher your score, the better your credit rating. Your credit score helps lenders to assess your credit capacity.