Question: What Is The Poorest Credit Score?

Can I get a loan with a 637 credit score?

A 637 FICO® Score is considered “Fair”.

Mortgage, auto, and personal loans are somewhat difficult to get with a 637 Credit Score.

Lenders normally don’t do business with borrowers that have fair credit because it’s too risky..

What is the lowest possible credit score?

300The lowest credit score is 300. The most commonly used credit-scoring models from FICO and VantageScore range from a low of 300 to a high of 850.

Is 637 a poor credit score?

Your score falls within the range of scores, from 580 to 669, considered Fair. A 637 FICO® Score is below the average credit score. Some lenders see consumers with scores in the Fair range as having unfavorable credit, and may decline their credit applications.

Does anyone have a 300 credit score?

Though it’s uncommon to have the worst credit score, having bad credit isn’t. More than a quarter (27.66%) of consumers have a credit score between 300 and 600, which is considered bad credit or subprime credit. Conversely, 20% have a super prime credit score (781 to 850).

Is 600 a bad credit score?

Your score falls within the range of scores, from 580 to 669, considered Fair. A 600 FICO® Score is below the average credit score. Some lenders see consumers with scores in the Fair range as having unfavorable credit, and may decline their credit applications.

What can I do with a 700 credit score?

What a 700 credit score can get you. As someone with a 700 credit score, you have crossed over into the “good” credit range, where you can get cheap rates on financial products like loans and credit cards. The “good ” range starts at 690. A 700 credit score is also good enough to buy a house.

Can I buy a house with a 637 credit score?

If your credit score is a 637 or higher, and you meet other requirements, you should not have any problem getting a mortgage. … The types of programs that are available to borrowers with a 637 credit score are: conventional loans, FHA loans, VA loans, USDA loans, jumbo loans, and non-prime loans.

Is 517 a bad credit score?

Your score falls within the range of scores, from 300 to 579, considered Very Poor. A 517 FICO® Score is significantly below the average credit score.

Is a credit score of 1000 bad?

The score is used by roughly 90% of financial institutions when considering giving you a loan or line of credit. FICO scores range from 350 to 850; under 580 is considered poor credit and 740 or higher is considered very good or exceptional credit.

Can you have a 900 credit score?

A credit score of 900 is either not possible or not very relevant. … On the standard 300-850 range used by FICO and VantageScore, a credit score of 800+ is considered “perfect.” That’s because higher scores won’t really save you any money.

What can I do with a 750 credit score?

A 750 credit score is Very Good, but it can be even better. If you can elevate your score into the Exceptional range (800-850), you could become eligible for the very best lending terms, including the lowest interest rates and fees, and the most enticing credit-card rewards programs.

Can I buy a car with 637 credit score?

A credit score of 660 or up should get you a car loan at a good interest rate, and lower scores can still qualify. … But a higher score will almost certainly get you a lower interest rate on the loan. A target credit score of 660 or above should get you a car loan with an interest rate around 6% or below.