Share this article Share this article SAN JOSE, Calif., Feb. 2, 2021 /PRNewswire/ -- FICO® Scores are one of the key metrics that many lenders use to evaluate a borrower's creditworthiness. For this reason, your credit score can impact not only your loan approval odds but also the rates and terms you're offered. What follows is what you need to know about prime vs. subprime loans and how they are different, from myFICO. For more loan and credit education, visit myFICO's blog at https://www.myfico.com/credit-education/blog The various FICO® Score ranges that borrowers may belong to are often described as "prime" or "subprime." Borrowers with the strongest FICO Scores may be offered prime loans, while borrowers with bad or damaged credit may only qualify for subprime loan options.