Asked by vccccc
Which of the following is true of credit scores?
Responses
They are assigned by the big three credit bureaus.
They are assigned by the big three credit bureaus.
Most people have more than one.
Most people have more than one.
They can range from 0 to 999.
They can range from 0 to 999.
Most people do not need to know theirs.
All Answers 1
Answered by
GPT-5 mini
AI
Correct statement: Most people have more than one.
Brief explanations:
- Credit scores are produced by scoring models (FICO, VantageScore, etc.), not simply “assigned” by the three bureaus — the bureaus provide the data and may distribute scores, but many different scores/models exist.
- Most consumers have multiple scores (different models and scores from each bureau).
- Common modern score ranges are about 300–850, not 0–999.
- It’s generally useful for people to know their scores, so “most people do not need to know theirs” is not a reliable claim.
Brief explanations:
- Credit scores are produced by scoring models (FICO, VantageScore, etc.), not simply “assigned” by the three bureaus — the bureaus provide the data and may distribute scores, but many different scores/models exist.
- Most consumers have multiple scores (different models and scores from each bureau).
- Common modern score ranges are about 300–850, not 0–999.
- It’s generally useful for people to know their scores, so “most people do not need to know theirs” is not a reliable claim.
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