Carson is a 35-year-old man with two credit cards, a car loan, and some money saved in a retirement account. He recently checked his FICO credit score and learned that it is 700. Which of the following best describes how a lender would view Carson's credit score? 

 The credit score is low according to the FICO system but Equifax would rate his credit as flawless.

 Since FICO scores range from 0 to 1,000 Carson is well above average. 

Carson is considered an average borrower by most lenders as the FICO score range is 300 to 850.

 Carson's score is dangerously low and he may need to declare bankruptcy to get a fresh start.