Credit Score Range - 5 Levels And Loan Options

Credit scores range from 300 to 850 and are crucial for loan eligibility. FICO and Vantage are popular scoring models with different criteria and score ranges. Poor credit scores face high interest rates; excellent scores get the best terms. FICO is more popular, has stricter criteria, and uses five factors for scoring. Vantage is easier to qualify for and focuses on credit utilization and mix. Loan options vary greatly with credit score levels.