westernrvparkowner wrote:
Your lender was mistaken. You can check the websites of all three major credit bureaus TransUnion, Experian and Equifax. They will all confirm the highest possible score is 850.
Direct from FICO's website:
FICO® Auto Scores and FICO Bankcard Scores have these aspects in common:
Many lenders may use these scores instead of the base FICO® Score.
It is up to each lender to determine which credit score they will use and what other financial information they will consider in their credit review process.
The versions range from 250-900 (compared to 300-850 for base FICO® Scores) and higher scores continue to equate to lower risk.
The credit bureau's use a
BASE FICO score to report credit standing, but lenders use a score more representative of the type of loan they are providing. As a result, minimum and maximum scores are not the same as Base scores and the criteria used to create the scores also varies.
