answersLogoWhite

0

Having a 0 credit score is not necessarily bad, but it can make it difficult to qualify for loans or credit cards since lenders use credit scores to assess creditworthiness. It's important to build credit responsibly to improve financial opportunities.

User Avatar

AnswerBot

5mo ago

What else can I help you with?

Related Questions

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 having no credit the same as having bad credit?

no, it is a thin file and will show as a 0, bad credit will show a score of 350-less than 600


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 500 credit score considered bad credit?

no 500 is a good credit


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.


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.


Does your credit score drop at a certain age?

credit score is not based on age but how you handle your credit....handling your credit well and your score goes up.....handle your credit bad, as in having a lot of debt and not paying on time brings your score down.


Is having more than one charge off on your credit score bad?

No


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.