It’s to make people feel better. 300 sounds way better than 0. There’s no legitimate reason otherwise. Before FICO 9, the scale was a 500 point scale from 350 to 850. You could subtract 350, and then multiply the number by two to get your percent likelihood to pay the loan back. For example, a credit score of 800 would be:
800-350= 450
450×2/10= 90% likelihood to pay the loan back
Therefore, the 500 point scale could have been 0-500, but they chose 350-850 because they don’t want you to feel like complete shit.
Edit: 10
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