Ideally, you’re not anywhere near the bottom of the range, but it is possible to have a 300 credit score on a 300 to 850 scale.
The good news: A very small portion of the population has such a score.
Is it possible to have a 300 credit score?
A 300 credit score is a bad credit score, unfortunately, as it’s a lot closer to the lowest score possible (300) than the highest credit score (850). As a result, a 300 credit score will make it difficult to qualify for a loan or unsecured credit card.
What is the lowest credit score ever?
The FICO® Score* , which is the most widely used scoring model, falls in a range that goes up to 850. The lowest credit score in this range is 300. But the reality is that almost nobody has a score that low. For the most part, a score below 580 is considered “bad credit.”
How bad is a 510 credit score?
A 510 credit score is classified as “bad” on the standard 300-to-850 scale. It is 190 points away from being a “good” credit score, which many people use as a benchmark, and 130 points from being “fair.”
What is the maximum credit score?
The highest credit score you can achieve (under perfect circumstances) is 850 using the FICO model. However, any score over 740 is generally considered to be great and puts you in range for the best interest rates on things like credit cards, mortgages and car loans.