Bad Credit ScoreWhat is Considered a Bad Credit Score?

750-850700-749

600-699

500-599

300-499

Bad Credit ScoreBad Scores Can Affect Your Life

A bad credit score can stop you from getting a job.

Bad Credit ScoreBad Scores Can Affect Your Life

A bad credit score can stop you from getting an apartment or home

Bad Credit ScoreBad Scores Can Affect Your Life

A bad credit score can stop you from getting auto or homeowners insurance.

Bad Credit ScoreBad Scores Can Affect Your Life

What is considered a bad credit score? Generally speaking, anything below 620 is a bad credit score.

Your Score

Your Score

850

620

Bad Credit ScoreBad Scores Can Affect Your Life

A credit score between 620 and 680 is considered sub-prime

Your Score680620

Bad Credit ScoreBad Scores Can Affect Your Life

A credit score between 620 and 680 is considered sub-prime.How much is your bad credit score costing you?

Example 1: Auto loan: $30,000 car paid over five years:

Credit Status % Rate Payment Bad Credit Cost

Excellent 5% $566.14 $0.00

Mild Damage 8% $608.29 $2,529.00

Damaged 12% $667.33 $6,071.40

Bad Credit ScoreBad Scores Can Affect Your Life

A credit score between 620 and 680 is considered sub-prime.How much is your bad credit score costing you?

Example 2: Home Mortgage: $180,000 paid over 30 years:

Credit Status % Rate Payment Bad Credit Cost

Excellent 5.5% $1,002.22 $0.00

Mild Damage 8.5% $1,384.04 $130,327.30

Damaged 10.75% $1,680.27 $236,970.00