What is the lowest credit score ClearScore?

What is a low score on ClearScore?

What is a good/bad credit score?

Credit score Experian band ClearScore name
0-549 Below average This indicates a below average Experian Credit Score and is likely to be considered a poor credit score by a credit provider. Raise your game
550-624 Fair This indicates a fair Experian Credit Score. On the up

Is 3.0 A bad credit score?

What’s a Good Score on the VantageScore 3.0 Model? The VantageScore model runs from 300 to 850. According to VantageScore, a good credit score on their model would be 661 to 780, and an excellent score would be anything above that.

Is 200 a bad credit score?

For instance, most major credit scoring models follow a 300 to 850 range (the lower the score, the worse for wear, but more on this in a minute), and, while you’re looking at a score measured this way, you can generally assume anything below 600 is a bad credit score. … Excellent Credit: 750+ Good Credit:700-749.

Is 599 a good credit score in South Africa?

A score of 600+ will give you a fair chance of home loan approval. although this may vary according to which bank you use. A score of 670+ is considered an excellent credit score, significantly boosting your chances of home loan approval. Scores below 600 would be considered high to very high risk.

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What is the lowest credit score UK?

Lowest 10 UK credit scores

  • St. Helens – 692.
  • Hartlepool – 690.
  • Merthyr Tydfil – 688.
  • Middlesbrough – 683.
  • North East Lincolnshire – 682.
  • North Ayrshire – 678.
  • Blaenau Gwent – 674.
  • Knowsley – 674.

What is a perfect credit score?

If your goal is to achieve a perfect credit score, you’ll have to aim for a score of 850. That’s the highest FICO score and VantageScore available for the most widely used versions of both credit scoring models.

Can you have a 250 credit score?

Base FICO consumer scores — These scores predict the likelihood a consumer won’t make a payment as agreed on any type of account in the future, whether it’s a mortgage, credit card or student loan.

FICO industry-specific score ranges.

Credit score ranges Rating
250–579 Poor
580–669 Fair
670–739 Good
740–799 Very good

Can you buy a house with a 500 credit score?

Generally speaking, to get maximum financing on typical new home purchases, applicants should have a credit score of 580 or better. … Those with credit scores of 500 or better are eligible for 100% FHA loan financing with no down payment required when using the FHA 203(h), Mortgage Insurance for Disaster Victims.

Is 300 a good credit score UK?

The above information highlights the most important information about credit scores and ratings in the UK. In general, most ratings fall between 300 and 850 and the higher the score, the better it is for you when taking out loans.