What is a bad credit score?
A bad credit score means that you have unpaid accounts reported on your credit history. A credit score can range from 300-900 points. A score in the 500′s or below would mean bad credit. Anything above 750 might be considered good credit. Such a score can affect your ability to qualify for financing a home or car, getting an apartment and may even make you a security risk in your place of employment. This score can be improved by removing delinquent accounts and continued good use of credit. If you have a bad credit score, filing for bankruptcy would be the first step towards fixing it.
August 3rd, 2010 by Administrator
Posted in credit report
