A woeful credit score are going to be damaging – and you will demoralizing – particularly if your submit an application for a home loan otherwise the newest car loan. FICO credit scores start from 300 to help you 850 – and also the high the score, the quicker risk are on the lending money or credit to help you you.
Occurrences eg missed money, foreclosures and you may personal bankruptcy the end in a woeful credit get. Good FICO rating or other credit score out-of five-hundred otherwise below is known as very poor.