See how many of these questions about bad credit you get right:
What exactly is bad credit?
“Bad credit†is defined as a FICO score of 620 or lower. FICO (the initials stand for Fair, Isaac and Co.) scores range from 300 to 900. A score above 680 signifies good credit. Scores in the 620-680 range are medium and a score lower than 620 puts you in the poor credit range.
How common are bad credit problems?
Bad credit affects more than 30 million Americans. As a nation, we have piled up more than $683 billion in revolving credit card debt. The average American household has $9,300 of credit card debt. And almost one in every 100 families will wind up filing for bankruptcy.
How long does bad credit information stay in your credit re View the rest of this article
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