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Q: Is a 500 credit score considered bad credit?
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What credit score is perfect credit and what score is considered bad credit?

Credit score that is around or more than 700 is considered to be good and score below 500 is considered to be bad. It is always advised to constantly monitor your credit score.


Is a 500 credit score bad?

Yes.


Is 500 a good credit score?

No. It's pretty bad.


What is considered to be bad credit?

The credit score range lies between 300 and 850. A bad credit score may fall between the numbers 300 and 660.


Is a credit score of 510 bad?

It is a mediocre score. As a side note: every time you check your credit, your credit rating goes down. Yes, any score under 600 is considered "bad".


What is considered a bad credit score rating?

A credit score rating is not hereditary. If your parents have bad scores, it doesn't affect you, unless they are deadbeats and applied for a loan under your social. You build your own credit score, which under 650 is generally considered poor.


What is a bad credit score?

425 is a bad credit score.


Is 215 a good score?

If you are talking about credit score, understand that I am not a credit expert, but since a credit score of 620 is bad, 215 would be a terrible credit score. If this is for a test like the SAT, this is also horrible. The average score of the SAT is about 500, and even that isn't that good of a score.


What is the lowest possible credit score you must have to obtain a bad credit loan?

In order to obtain a bad credit loan a person has to have a credit score is 620 anything below that would be considered high risk.


What is the minimum credit score possible?

The minimum FICO-based credit score is 300 while the maximum is 850. However, some scoring models utilized by credit bureaus may be tweaked so that a different formula is used as well as a somewhat different range in scores may be used.Any score from 350 to 499 is deemed bad credit.500 to around 629 is considered subprime.630 to 719 is considered prime.720 to 850 is considered superprime.Anything above 760 is considered perfect credit.


Is a credit score 634 good?

If you go by TransUnion, a 634 credit score is fair. If you go by Experian or Exuifax that is considered poor. As of 2008 a 634 is definitely a bad score.


Is 650 a bad credit score?

The credit score 650 is really not that bad. With a 650 credit score you can finance a home or car.