What Qualifies As Bad Credit
650-700 This isn’t exactly bad credit, it’s considered “fair”. It’s skirting the limit between good credit and bad credit. With a score in this range, you may have some older bad marks on your credit report or you may be overextended with debt. It’s to your advantage if you do a little work to bring your score up to the next level which is the 700-750 range which is considered good credit.
600-650 This is bad credit. You are considered high risk with a credit score in this range. Anything below 650 is considered “subprime”. With a score this low you will probably have a variety of negative factors on your credit report. Although you may still be able to get a loan, you will not get a great loan and you can expect to pay more.
<600 This is very bad credit, anything below 600 means lenders view you as a very high credit risk. In this range, it is difficult if not impossible to get loans and credit.
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