What's the Worst Credit Score One Can Get?

29-Jul-2017 written by : FSI-Team

Your credit score is important, and you probably already know this. But do you know how good your credit score is? Do you know what the maximum and minimum possible credit score is? It helps to learn about these simple things if you want to prevent a bad credit.

All credit rating agencies calculate the scores of different individuals on the basis of a variety of factors. They also follow a standard score range. However, this range may vary from one credit rating agency to another.

The following are the top four credit bureaus of India along with their credit score range:


CIBIL is the most popular credit rating agency in India with links to a slew of banks and other financial institutions. It follows a credit score range of 300 to 900, with the former being the lowest possible score and the latter being the highest. Usually, a score equal to or above 750 is considered a good score. Credit score lower than 550 are considered a low CIBIL score.

2. Equifax

Equifax is another reputed credit rating agency in India which received its license in 2010 which makes it one of the newest agencies to join the league.

Unlike CIBIL, Equifax scores individuals on a scale of 1 to 999, with 1 being the lowest and 999 the highest. A score above 700 is considered a good score in an Equifax credit report.

3. High Mark

High Mark is known for its credit rating analytics services and products and follows a score range of 300 to 850. If a High Mark score is below 640 it’s considered poor and if above 720, then excellent.

4. Experian

Experian is a global credit rating company and holds a huge reputation for its services. Just like CIBIL, it scores individuals on a scale of 300 to 900. A score above 750 is considered good, while a score below 500 is considered poor.

It’s important to monitor your credit report status so as to prevent a small problem from getting bigger. You can get started with your free CIBIL report which is available once every year. However, after one, you can get a new report any number of times for a small fee.

Taking CIBIL for example, you can get the worst score anywhere between 350 and 550, in which case the possibility of you getting a loan is next to impossible. However, you can prevent this from happening by understanding your current score tells you:

750-900: If your score lies between this range then you can pat your back! It means that you have achieved an excellent score which is hard to match by many. You needn’t worry about getting a loan or a credit card in the future with a score in this range.

650-750: A score within this range means you are walking on the right path. Your score may not be extraordinary but it’s good enough to establish high creditworthiness. Even if you don’t work hard to improve your score further you won’t have to face any trouble.

550-650: This score range is called the “good” score range. So, if your CIBIL report mentions a score that falls in this range your score is "good". You can expect easy loan approvals but with some exceptions. There is still room for improvement and you should give it a try.

350-550: If your score is below 550 then you have a reason to worry. This is because yours is a “bad” score. You won’t be able to get personal loans, home loans, etc. at all. Even if you are able to get one, it won’t be at a rate of interest you’ll be happy with. It’s best to consult a professional in this case.

If your credit report shows a credit score of 0 or -1, it doesn’t mean that’s your actual score. It only means that there is no credit history. If you want to generate a score, then you must generate a credit history first by applying for a personal loan, credit card, etc.

Understanding your credit score is not exactly complicated. If your basics are crystal-clear, you can keep a track of your score easily.



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