What is considered a bad credit score?

Asked about 2 years ago - Dallas, TX

I am not sure if my score is bad or in the middle. What is a considered a bad score?


Attorney answers (3)

  1. Amy Lavonne Wells

    Contributor Level 14


    Lawyers agree

    Answered . There is no one size fits all answer to your inquiry. There a number of different scoring models. And what is "good" to one lender, or for a particular type of loan, may be deemed unsuitable by another.

    FICO is the most common scoring model. FICO prepares a scoring model for each of the three major nationwide credit reporting agencies: Equifax, Experian, and TransUnion. As a general rule, these scores fall in a range from about 300 to 850. A score lower than 620 is generally considered a poor risk. While the most attractive terms (interest rates) are usually offered to consumers with scores over 720.

    All the best to you.

    NOTE: This Answer does not constitute legal advice. Every case is fact specific. To render a legal opinion, an... more
  2. Nicholas David Russo

    Contributor Level 8

    Answered . I agree with Ms. Wells. I think her answer is spot on. Typically 720 is good. Good luck

  3. Daniel Tam

    Contributor Level 16

    Answered . It depends. What type of credit are you trying to obtain?

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