what is considered bad credit ???

Asked by Debbie Apr 30, 2015 at 11:12 PM

Question type: Shopping & Pricing

What is considered a good credit score

4 Answers
145

Mirak answered 9 years ago

Anything 700 and over should qualify you for the best rates and programs available.

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105

jkm1317 answered 9 years ago

Anything over 600 and I can get you into the high single digits (9.99% or under). Anything over 700 credit and we are looking at less than 5%. Even if you income is hard to prove or verify, you should still be able to get a great deal above 600. If you are in the 450+ range you can get a loan...it won't be pretty but it will still work. The car will be a little uglier and so will the rate. But it will put another loan on your credit report and start you back towards building your score.

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105

jkm1317 answered 9 years ago

So to answer your question better...bad credit is <600 IMO. You are in the lowest 25% of all people when you are below 600. Remember credit is a daily number. It can change from one day to the next. I can personally swing my credit over 100 points in about 30 days either way - up or down. It is not a permanent number - you can fix it.

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