Question by  speakingthoughts (16)

What would be considered a "low" credit score?

I was turned down because that but I don't know what it means.


Answer by  lexib228 (123)

Given the current state of the economy a low score would be considered anything less than 650. The lower the credit score the higher risk you pose to potential lenders who you request credit from. Also, making inquiries for credit can reduce your score so be hesistant about what you apply for.


Answer by  tamarawilhite (17883)

Credit scores can range from 0 to 850. Below 300 is extremely rare. A score of 500 or less is a low credit score that denies all but sub-prime loans at high interest rates. From 500 to 600, you are considered a credit risk and receive higher interest rates and often higher insurance rates.

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