What is a Bad Credit Score? (Plus How to Improve It)

A bad credit score isn’t just some number. There are many detriments of having a bad FICO credit score. First, a bad credit score is considered 579 or lower. If you have a low FICO score, you can be assured that if you take a loan out, you will definitely have a higher interest rate than someone with a good FICO score. There are many ways to get a better score, and there are professionals that you should look into.

Key Takeaways:

A bad credit score means that your FICO score is below a certain threshold. Usually around 579 or below.
There are many professionals and lessons that you can apply yourself to if you need help.
Poorer credit scores usually means you will have a higher interest rates on your loans.

“The newer VantageScore models also break down the bad credit score range into “poor” and “very poor” categories.”