Hello! Today, I've partnered with Lexington Law to help answer the question “What is a bad credit score?“
People who are thinking about giving you a loan and other people who may be looking into your credit score usually have varying opinions about what a bad, good, or excellent credit score may be.
In general, a good credit score is usually 700+. The higher your number, the better your credit score.
But, what is a bad credit score?
Some may say that a bad credit score is anything that doesn't get you what you want in life. Others may say that you don't need credit to survive in life. However, remember, your credit score impacts so many things other than just a loan! Your credit score can impact you getting a job, your insurance rates, whether or not you'll get even a rental home, and more.
Due to this, knowing your credit score and whether or not you have a bad one is extremely important. [Read more…]