What Does It Mean If Your Credit Score Is Less Than 600?
Your FICO credit score is a number that ranges from 300 to 850 based on your credit report, which helps lenders determine how risky a borrower you are. A score below 600 generally is not considered to be a good credit score and may limit the loans and credit cards you qualify for, as well as result in higher interest rates when you borrow money.
The short answer is no. A FICO credit score of 600 is not good, but it's not exactly terrible, either. FICO scores range from a low of 300 to a high of 850, and the average consumer has a score of 700 -- so 600 is significantly below average. However, according to FICO's guidelines, it's above the range that would be considered poor credit.
Credit Quality
Source: Fool.com
