Who has the lowest credit score?

Asked by: Tommie Doyle  |  Last update: January 5, 2023
Score: 4.4/5 (5 votes)

Here are the top 10 states with the lowest credit scores in 2020:
  • Mississippi: 675.
  • Louisiana: 684.
  • Alabama: 686.
  • Texas: 688.
  • Georgia: 689.
  • South Carolina: 689.
  • Arkansas: 690.
  • Oklahoma: 690.

How bad is a 300 credit score?

Your score falls within the range of scores, from 300 to 579, considered Very Poor. A 300 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.

What is lowest possible credit score?

In common credit scoring models, 300 is typically the lowest possible score. However, scores that low are extremely rare. There are two major credit scoring models: FICO and VantageScore.

Is it possible to get a 300 credit score?

Yes, there are people out there who have a 300 credit score, though this is fairly rare. A score this low would be the result of many significant negative items in a borrower's credit history. People with scores this low are considered subprime or deep subprime borrowers.

What is the lowest credit score to buy a car?

There is no set credit score you need to get an auto loan. If you have a credit score above 660, you will likely qualify for an auto loan at a rate below 10% APR. If you have bad credit or no credit, you could still qualify for a car loan, but you should expect to pay more.

Which credit bureau has the highest score? Lowest credit scores? Equifax? TransUnion? Experian?

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Can a credit score be 900?

FICO® score ranges vary — they can range from 300 to 850 or 250 to 900, depending on the scoring model — but higher scores can indicate that you may be less risky to lenders.

Is a credit score of 200 good?

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.

Why is Equifax the lowest score?

Your Equifax score is lower than the other credit scores because there is a slight difference in what is reported to each credit agency and each one uses a slightly different method to score your data.

Can I get a car with a 450 credit score?

With a 450 credit score, you may not get approval for a car loan without going through a specialized lender. A 450 credit score is in the deep subprime range, and most banks and credit unions aren't willing to work with such a high-risk candidate.

Is 559 a good credit score?

Your score falls within the range of scores, from 300 to 579, considered Very Poor. A 559 FICO® Score is significantly below the average credit score.

Is Credit Karma accurate?

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.

Is 777 a good credit score?

Your score falls within the range of scores, from 740 to 799, that is considered Very Good. A 777 FICO® Score is above the average credit score. Consumers in this range may qualify for better interest rates from lenders. 25% of all consumers have FICO® Scores in the Very Good range.

Is 1000 a good credit score?

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.

Who has most accurate credit score?

WalletHub, Financial Company

The most accurate credit scores are the latest versions of the FICO Score and VantageScore credit-scoring models: FICO Score 8 and VantageScore 3.0.

Is Experian usually the lowest score?

Credit scores help lenders evaluate whether they want to do business with you. The FICO® Score , which is the most widely used scoring model, falls in a range that goes up to 850. The lowest credit score in this range is 300. But the reality is that almost nobody has a score that low.

Which credit score do car dealerships use?

Auto dealerships use the FICO credit bureau, which stands for Fair Isaac Corporation. They also use the FICO Auto Credit Score, which has a range of 250 to 900. This may mean that an auto dealer has a different credit score for you than the one you see on your personal credit report.

How do you get a 999 credit score?

To get a 999 credit score, you ideally need to have a credit history that spans several years. During this time, you should have never missed a credit repayment and have always paid your debt back on time. Your credit utilisation ratio also needs to be low.

How can I fix my credit score quickly?

Here are some strategies to quickly improve your credit:
  1. Pay credit card balances strategically.
  2. Ask for higher credit limits.
  3. Become an authorized user.
  4. Pay bills on time.
  5. Dispute credit report errors.
  6. Deal with collections accounts.
  7. Use a secured credit card.
  8. Get credit for rent and utility payments.

Is 711 a good credit score?

Your score falls within the range of scores, from 670 to 739, which are considered Good. The average U.S. FICO® Score, 711, falls within the Good range.

Is 867 a good credit score?

An 867 credit score is excellent.

Is a 740 credit score good?

A 740 credit score is Very Good, but it can be even better. If you can elevate your score into the Exceptional range (800-850), you could become eligible for the very best lending terms, including the lowest interest rates and fees, and the most enticing credit-card rewards programs.

Is a 720 credit score good?

Your score falls within the range of scores, from 670 to 739, which are considered Good. The average U.S. FICO® Score, 711, falls within the Good range.