My FICO logo $$$$$$$$$$$ 9876 5432 1234 5678 CREDIT CARD KELLY SMITH 11/26 My FICO logo
SCORE
Skip Navigation
  • Why FICO
  • How It Works
  • Pricing
  • Education
  • Community
  • Support
  • Member Dashboard
  • Log In Log Out
  • Start Plan
 
  • Why FICO
  • How It Works
  • Pricing
  •  
  • Education
    • Credit Education
    • Credit Scores
    • What Is a FICO Score?
    • FICO Scores vs Credit Scores
    • FICO Scores Versions
    • New FICO Scores
    • How Scores Are Calculated
    • Payment History
    • Amount of Debt
    • Length of Credit History
    • Credit Mix
    • New Credit
    • How to Improve Your Score
    • How to Build Credit
    • Credit and Financial Counseling
    • Credit Reports
    • What's in Your Report
    • Credit Bureaus
    • Inquiries
    • Errors on Your Report?
    • Blog
    • Calculators
    • Loan Savings
    • Vehicle Payments
    • How Much Can I Borrow?
    • Should I Consolidate My Credit Cards?
    • Know Your Rights
    • Identity Theft
    • FAQ
    • Glossary
  • Community
  • Support
  • Member Dashboard
  • Log In Log Out
  • Our Products
    • Ongoing Credit Monitoring Track your FICO® Score & identity
    • One-time Credit Reports Be prepared for important transactions
  • How Can We Help
    • Monitor Credit & Identity
    • Mortgages
    • Credit Cards
    • Auto Loans
  • Credit Education
  • Community
  • Support
  • Our Products
    • Ongoing Credit Monitoring Track your FICO® Score & identity
    • One-time Credit Reports Be prepared for important transactions
  • Credit Education
  • Credit Scores
    • What Is a FICO Score?
    • FICO Scores vs Credit Scores
    • FICO Score Versions
    • New FICO Scores
    • How Scores Are Calculated
    • Payment History
    • Amount of Debt
    • Length of Credit History
    • Credit Mix
    • New Credit
    • How to Improve Your Score
    • How to Build Credit
    • Credit and Financial Counseling
  • Credit Reports
    • What's in Your Report
    • Credit Bureaus
    • Inquiries
    • Errors on Your Report?
  • Blog
  • Calculators
    • Loan Savings
    • Vehicle Payments
    • How Much Can I Borrow?
    • Should I Consolidate My Credit Cards?
  • Know Your Rights
  • Identity Theft
  • FAQ
  • Glossary

Estimate your FICO® Score range

Answer 10 easy questions to get a free estimate of your FICO® Score range

Estimate for Free

Get your FICO® Score for free

90% of top lenders use FICO® Scores

Get Access Now
No credit card required
View all FICO Scores & Credit Reports articles

Credit Scores: How Low Can You Go?

February 18, 2020, by Rob Kaufman

Many people are curious as to what the lowest possible credit score is. They also wonder: if my score is in the range of the lowest score, should I kiss any kind of loan or credit approval goodbye?

For now, we're going to focus on FICO® Scores because these are the scores used by 90% of top lenders. The lowest FICO Score you can have is 300 and you typically need more than double that number to get approved for some types of loans.

For example, in the fall of 2018, 1% of borrowers approved for a conventional mortgage had a FICO Score below 600. As far as auto loans go, borrowers with FICO Scores below 500 represented less than 4% of new loans. What these numbers say is that the lower your score, the lower your chances of getting the kind of loan you want. And if you do get a loan, you'll most likely pay interest rates higher than most.

What's a low credit score range?

"Base" FICO Scores (FICO Score 8) range from 300-850, while industry-specific (auto, mortgage and credit card) FICO Scores range from 250-900.

For a better idea of credit score ranges and what they represent, here is a summarized analysis of FICO Score 8 credit scores:

579 and lower :

Score : Poor. Consumers who fall within this range are considered a poor credit risk and may be rejected. Many who fall within this range must often put down a deposit or pay a fee to obtain a credit card or home utility services.

Risk : High. About 61% of consumers with a credit score of 579 and lower are likely to become delinquent.

580 to 669 :

Score : Fair. Since this score range is below the national average, these borrowers will have a more difficult time getting credit and, if they are approved, will more likely than not end up paying a higher interest rate than those with better credit.

Risk : Medium-High. About 28% of consumers with a credit score of 580-669 are likely to become delinquent.

670 to 739 :

Score : Good. A "median" range, this score identifies a borrower as "acceptable" which means he or she might not get as low an interest rate as those in a higher credit score range.

Risk : Medium. About 8% of consumers with a credit score of 670-739 are likely to become delinquent.

740 to 799 :

Score : Very Good. This score range is also above the national average and borrowers in this range are at a great advantage in both the likelihood of getting credit approval and being offered lower interest rates.

Risk : Low. About 2% of consumers with a credit score of 740-799 are likely to become delinquent.

800 +

Score : Exceptional. This credit score range is way above the national average and borrowers within this range will most likely not have a problem getting credit.

Risk : Low. About 1% of consumers with a credit score of 800+ are likely to become delinquent.

So back to the question: Does a FICO Score of 300 mean you can't get credit?

It all depends on the individual lenders and insurance companies and what they consider an acceptable level of risk. They may take someone with a low score, approve them for credit but charge a very high-interest rate on unpaid balances. They might also approve someone with a low score but only for a minimal amount - reducing their risk while also giving you the opportunity to prove yourself a good borrower. Check out this loan savings calculator to see how much a high FICO Score can save you money.

That really means that the credit score number itself only means what the lender decides it means. What is considered bad credit by one lender may be acceptable to another. If you're looking to improve your credit score and want to prove you're a good credit risk, don't give up... no matter how low your score.

If you'd like to take a look at your FICO Score range for FREE, just click or tap here .

Image of Rob Kaufman, writer with financial investment and credit marketing experience.

Rob Kaufman

Rob is a writer... of blogs, books and business. His financial investment experience combined with a long background in marketing credit protection services provides a source of information that helps fill the gaps on one's journey toward financial well-being. His goal is simple: The more people he can help, the better.

Estimate your FICO® Score range

Answer 10 easy questions to get a free estimate of your FICO® Score range

Estimate for Free

Get your FICO® Score for free

90% of top lenders use FICO® Scores

Get Access Now
No credit card required

Page footer

Products

  • Home
  • Why FICO
  • How It Works
  • Pricing

Learn

  • Education
  • Community
  • Support
  • Blog

Company

  • About Us
  • Terms of Use
  • Cookie Preferences
  • Privacy Policy
  • Affiliate Program
  • Accessibility

Get Our App

  • Download iOS app on the App Store
  • fil_get
    Get Android app on the Google Play Store

Follow Us

  • Twitter
  • Facebook
  • Instagram

Credit Education

  • Credit scores
  • What is a FICO Score?
  • FICO Score versions
  • How scores are calculated
  • Payment history
  • Amount of debt
  • Length of credit history
  • Credit mix
  • New credit
  • Credit reports
  • What's in your report
  • Bureaus
  • Inquiries
  • Errors on your report?
  • Calculators
  • Know your rights
  • Identity theft
  • FAQ
  • Glossary

Copyright ©2001- Fair Isaac Corporation. All rights reserved.

IMPORTANT INFORMATION:

All FICO® Score products made available on myFICO.com include a FICO® Score 8, and may include additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Scores and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.