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.
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…
No, it's still "bad" not very bad- but "bad" It used to be an okay score; before the FICO 08 score changes.....Fico is the real credit score...not the other you pull from the credit bureaus. Those are estimated scores.MyFICO.com is the official score sight- which can resolve any other questions you may have.
The best way for people with bad credit to get credit is to rebuild their credit score, this can be done by clearing off past due bills and bad debts, how ever responsible users can avail of department store credit cards or some credit card companies will offer people with bad credit score history a special credit card.
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.
If your credit report shows you dont pay on time noone will loan you money to buy a house or car or extend credit to you . A normal credit score in the US is normally between 300-900. A good credit score is considered to be around 800. On the other hand a bad scores is around 300 with the average credit score of an American being approximately 720. If you have a bad credit…