Takeaway: The lowest possible credit score you can have is 300. Standard credit scores range from 300 to 850. It's impossible to have a credit score outside that range. The national average credit score in 2021 was 716 for FICO and 694 for VantageScore.
For instance, most major credit scoring models follow a 300 to 850 range (the lower the score, the worse for wear, but more on this in a minute), and, while you're looking at a score measured this way, you can generally assume anything below 600 is a bad credit score.
Your score falls within the range of scores, from 300 to 579, considered Very Poor. A 550 FICO® Score is significantly below the average credit score. Many lenders choose not to do business with borrowers whose scores fall in the Very Poor range, on grounds they have unfavorable credit.
According to FICO® Score, 15.5% of the population has a credit score below 600, while the average credit score sits at 716. Having a 600 credit score places you below the national average and into the “fair credit” category.
Your score falls within the range of scores, from 300 to 579, considered Very Poor. A 570 FICO® Score is significantly below the average credit score.
The most common type of loan available to borrowers with a 588 credit score is an FHA loan. FHA loans only require that you have a 500 credit score, so with a 588 FICO, you will definitely meet the credit score requirements.
FICO considers a credit score to be poor if it falls below 580. According to FICO, a person with a FICO score in that range is viewed as a credit risk. Why? Their research shows that about 61% of those with poor credit scores end up delinquent on their loans.
A 572 FICO® Score is considered “Poor”. It means you've had past payment problems, including collection accounts, judgments, bankruptcy or worse. With a “Poor” score, it's harder to obtain credit cards, loans, and favorable interest rates.
70% of U.S. consumers' FICO® Scores are higher than 660. What's more, your score of 660 is very close to the Good credit score range of 670-739. With some work, you may be able to reach (and even exceed) that score range, which could mean access to a greater range of credit and loans, at better interest rates.
Your score falls within the range of scores, from 300 to 579, considered Very Poor. A 450 FICO® Score is significantly below the average credit score. Many lenders view consumers with scores in the Very Poor range as having unfavorable credit, and may reject their credit applications.
The higher the score, the lower a risk the credit reference agency is assessing you as. 999 is the maximum, anything from 881 is good, anything between 71-880 is fair, below that is poor.
First of all, a 900 credit score isn't really possible. And just 1% of the population can achieve a credit score of 850, so there's a certain point where trying to get the highest possible credit score isn't realistic at all. Only a few credit score models have a credit score limit of 900 as is.
If the maximum score is 750, you're pretty much a credit genius. If the max is over 1,000, you're sporting a C average—not really all that impressive.
A 300 credit score can be a sign of past credit difficulties or a lack of credit history. Whether you're looking for a personal loan, a mortgage or a credit card, credit scores in this range can make it challenging to get approved for unsecured credit, which doesn't require collateral or a security deposit.
A: It really is entirely possible to apply successfully for an auto loan with a credit score of 570. Look carefully at this loan data which comes from Experian: Indeed, Experian also highlighted that vehicle loans for applicants having credit scores below 570 accounted for twenty percent of all auto loans during 2019!
Your score falls within the range of scores, from 300 to 579, considered Very Poor. A 544 FICO® Score is significantly below the average credit score.
You'll pay higher loan fees and interest rates
Although you may be able to get a new loan or credit card with a 450 credit score, the incredibly high fees and interest rates you'll be offered will take a toll on your finances, meaning it may not be worth it.
While it may seem like a good idea to pay someone to fix your credit reports, there is nothing a credit repair company can do for you that you can't do yourself for free.
Your score falls within the range of scores, from 300 to 579, considered Very Poor. A 486 FICO® Score is significantly below the average credit score. Many lenders choose not to do business with borrowers whose scores fall in the Very Poor range, on grounds they have unfavorable credit.
The credit scores and reports you see on Credit Karma should accurately reflect your credit information as reported by those bureaus. This means a couple of things: The scores we provide are actual credit scores pulled from two of the major consumer credit bureaus, not just estimates of your credit rating.
FHA allows you to get a 96.5 percent mortgage with credit scores down to 580, and requires ten percent down with a FICO as low as 500.
FHA loans are intended for people with lower credit; they allow a minimum credit score between 500 and 580. If your FICO score is below 580, you'll need a 10% down payment. If it's above 580, you only need to put 3.5% down.