How is a credit rating established?

Answer Your credit rating, or credit score, represents how well you have used debt in the past. Credit ratings are an objective way for creditors to measure how likely you are to default on a loan.Feature... Read More »

Top Q&A For: How is a credit rating established

What is the highest rating you can get on a credit rating?

The FICO credit score ranges from 300 to 850, with 850 being the highest possible score. The FICO score, calculated by the algorithm created by the Fair Isaac Corporation, is the most widely used c... Read More »

When was the rating/rank of CPO established?

Though the U.S. Navy has had petty officers throughout its history, it didn't establish the rank of chief petty officer, or CPO, until 1894. About a decade earlier, in 1885, the Navy had establish... Read More »

What rating is a credit rating of 780?

A credit rating of 780 shows that you have near perfect credit and will likely qualify for the best rates lenders have to offer. According to the Fair Isaac Corporation, only about 40 percent of pe... Read More »

How to Improve Your Credit Rating If You Have Insufficient Credit History?

According to MyFico, your FICO score ranges from a low of 300 to a high of 850. The higher the score, the better. If you have insufficient, or limited, credit history, you will need to establish ne... Read More »