Is It Possible To Have A Credit Rating Of 600?

As most people know, credit scores vary from 300 to 850 areas. It is also possible to not have a credit score. In other words in case you never used credit at many, you would theoretically not have a credit score.

So technically speaking, probably the lowest credit score you are able to perhaps have is 300 theoretically 300. Is it possible to actually have a score in this range? Sure, I assume it is! With that being said, it’s nearly impossible.

In order to use a score of just 300, you would want to have no on-time payments. Therefore, you would have to pay each bill late. You would also be required to be making use of all of the free credit of yours so every credit card would’ve to get completely way too busy.

On top of all of that, your revolving accounts will ALL have to be new because old accounts will increase the credit score of yours.


In case you were genuinely attempting to pull this off, here’s what you will have to do:

First, get a secured charge card (you wouldn’t be able to obtain an unsecured one only at that point) and max it out the day time you get it. Make the minimum payment 60 days late and quickly max it out there once again. Continue to maintain the card way too busy while making payments sixty days late. This would make sure your card stays open but all your payments are way late.

In case you did this, you can count on the score of yours to be near 300 for some time. With that being said, I don’t assume that it will remain in that range for very long. Keeping the revolving bank account open would increase the score of yours at least a little.

What can we find out from all of this? To begin with, it would be actually stupid to really do this as the derogatory products will stay on the credit of yours for seven seasons. Next, by doing the actual opposite, you can achieve a good shift in your credit. If highest credit score possible want that, adhere to these steps:

1. Get a minimum of one credit card. If you cannot have an unsecured card, get a secured card that reports to the credit bureaus as a bank card. If you currently have one, you’re taken care of.

2. Pay off your card in full each month.

3. Never make a late payment on a credit card, or even on another revolving credit account.

4. Use credit like it is cash. Never invest money that you do not have.

If you continue to do that, the credit score of yours is going to be amazing. Mine is over 800 and that’s all I’ve done.

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