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What numerical credit score is poor?

Writer Sebastian Wright

Like FICO scores, VantageScores also generally use the range of 300 to 850. With the newer VantageScore models, a score of 601 to 660 is considered to be fair, while a score of 500 to 600 is poor. Scores between 300 and 499 are very poor.

What range of scores describes people with bad credit?

300 to 850
Bad credit is often reflected as a low credit score, typically under 580 on a scale of 300 to 850. People with bad credit will find it harder to get a loan or obtain a credit card.

What is the numerical range for credit scores?

between 300 and 850
A credit score is a three-digit number, typically between 300 and 850, designed to represent your credit risk, or the likelihood you will pay your bills on time.

How bad is a 250 credit score?

FICO industry-specific score ranges

Credit score rangesRating
250–579Poor
580–669Fair
670–739Good
740–799Very good

What is the numerical range for credit scores from the?

More than 90 percent of lenders in the United States use scores based on the FICO model to determine creditworthiness. The FICO scale ranges from 300 to 850, with a zero score signifying the absence of credit entirely. Since TransUnion, Equifax and Experian all use the FICO model, their numeric scales are similar.

What kind of credit score is considered bad?

Based on the FICO ® Score * range of 300 to 850, a credit score below 669 is considered to be either fair or bad. Lenders often refer to this group as “subprime,” which indicates borrowers who may have a hard time repaying a loan.

What’s the range for a FICO credit score?

The base FICO credit score range is 300–850. However, FICO Auto and Bankcard Scores were designed with a range of 250–900. VantageScore ranges can vary as well, but that is based upon the version a lender uses (more on that below). With all FICO and VantageScore models, a higher score signifies that you’re a lower risk borrower.

What should my credit score be on VantageScore?

Like FICO scores, VantageScores also generally use the range of 300 to 850. With the newer VantageScore models, a score of 601 to 660 is considered to be fair, while a score of 500 to 600 is poor. Scores between 300 and 499 are very poor. Applicants will not likely be approved for credit.