Score distribution
Cred's score reflects an account's ability to fulfill obligations relative to the whole population of accounts.
Cred's score is informed by, and incorporates "probability of default" but it is not a direct probability. Rather it reflects the distribution of "probaliity of default" across the population of accounts. An Excellent Cred Score means a lower probability of loan default relative to others, whereas a Low Cred Score implies a higher probability of loan default relative to others.
Rating | Percentage of population | Approximate score ranges |
|---|---|---|
Excellent | 27% | -1000 |
Very good | 20% | |
Good | 34% | |
Fair | 12% | |
Low | 7% | 300- |
Last modified 8mo ago