What Is a Bad Credit Score? On the FICO® Score☉ 8 scale of 300 to 850, one of the credit scores lenders most frequently use, a bad credit score is one below 670. More specifically, a score between 580 and 669 is considered fair, and one between 300 and 579 is poor.

What looks bad on a credit report?

The types of negative account information that can show up on your credit report include foreclosure, bankruptcy, repossession, charge-offs, settled accounts. Each of these can severely hurt your credit for years, even up to a decade.

Is 7 a bad credit score?

Generally speaking, scores between 690 and 719 are considered good credit. Scores above 720 are considered excellent, while scores between 630 and 689 are considered fair. Scores below 630 fall into the bad credit range.

Is 629 a bad credit score?

Your score falls within the range of scores, from 580 to 669, considered Fair. A 629 FICO® Score is below the average credit score. Approximately 27% of consumers with credit scores in the Fair range are likely to become seriously delinquent in the future.

How do I check if I am Blacklisted?

How to check if you have been blacklisted?TransUnion. One of the largest credit bureaus in South Africa, Transunion have an SMS option to find out if you have been blacklisted. Experian. Another leading South African credit bureau, Experian, also offer you a free credit report every year. Compuscan.

What isnt included in your credit score?

Your credit report does not include your marital status, medical information, buying habits or transactional data, income, bank account balances, criminal records or level of education. It also doesnt include your credit score.

What are the consequences of bad credit?

A poor credit history can have wider-ranging consequences than you might think. Not only will a spotty credit report lead to higher interest rates and fewer loan options; it can also make it harder to find housing and acquire certain services. In some cases it can count against you in a job hunt.

What credit score do you start with?

Most in the U.S. start at 300, and sometimes lower, depending on the scoring system — so you cant have a credit score of zero. Some credit scores, such as Bankcard and Auto scores, can range from 250-900. Before your information appears in a credit bureau file, your credit history simply doesnt exist yet.

What are five items that are not in your score?

Whats not in my FICO® Scores However, they do not consider: Your race, color, religion, national origin, sex and marital status. US law prohibits credit scoring from considering these facts, as well as any receipt of public assistance, or the exercise of any consumer right under the Consumer Credit Protection Act.

Does myFICO hurt credit?

Checking your credit report wont affect your FICO Scores, as long as you order your credit report directly from the credit reporting agency or through an organization authorized to provide credit reports to consumers, such as myFICO.

Is TransUnion usually the lowest credit score?

The credit score you see from TransUnion is based on the VantageScore® 3.0 model. Scores in this model range from 300 to 850. A good score with TransUnion and VantageScore 3.0 is between 661 and 720. Some people want to achieve a score of 850, the highest credit score possible.