Final answer:
The statement is true; FICO scores range from 300 to 850, with no scores existing below 200 or above 850.
Step-by-step explanation:
The statement "No one has a FICO score over 850 or below 200" is True. The FICO score range is from 300 to 850. Any score lower than 300 or higher than 850 is not possible under the current FICO score system. The FICO system, which stands for Fair Isaac Corporation, is a type of credit score used by lenders to evaluate an individual's credit risk. The score is based on credit files from the three major credit bureaus: Experian, Equifax, and TransUnion. It takes into account various factors including payment history, amounts owed, length of credit history, new credit, and types of credit used to calculate the score.