So what does it imply to own a poor credit rating? Under the FICO scoring model, individuals with bad credit enjoys scores between three hundred and you can 579. Get the score anywhere between 580 and 669 and you’ll move into brand new reasonable borrowing assortment; hit your own score previous 670 and you may in the end keeps a good credit score.
The newest VantageScore design work likewise. Those with very poor borrowing enjoys a great VantageScore anywhere between 3 hundred to help you 499, individuals with less than perfect credit enjoys a score between five hundred so you can 600, individuals with fair borrowing from the bank features results anywhere between 601 to 660, and a good credit score results initiate in the 661.