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Lets look at a bad credit score and what you’re free to do to improve your rating.
Worried about whether your credit score is good or bad?
Under mostscoring models, a bad credit score is between 300 and 579.
Generally, ifyour credit scoreis lower than 580, lenders see you as a high-risk borrower.
Different scoring models have slight variations in ranges, but the fact is that bad credit makes borrowing harder.
Ultimately bad credit will impact your pocketbook.
What Causes a Bad Credit Score?
If you become careless with your financial behavior, this will likely lead to a bad credit score.
Even a few missed payments will likely send your credit score downward.
Getting rejected for loans?
Need acosignerfor your apartment?
These are the financial consequences that can impact your life.
If your credit score improves, you will see the biggest difference in your pocketbook.
Can You Fix a Bad Credit Score?
There are some easy ways to improve your credit score.
Here are some potential ways:
How Long Does It Take to Fix Bad Credit?
you could strategically work toward fixing your bad credit by understanding what caused your low score.
Depending on the cause of your low credit score, it may take months or years to improve.
The key is the faster you address these causes, the quicker your credit score will improve.
Want to learn more?Explore our expert credit repair guides here.
FAQs About Bad Credit Scores
Information is accurate as of March 19, 2025. it’s possible for you to learn more about GOBankingRates processes and standards in oureditorial policy.
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