Is 563 a fair or bad credit score? What is the range?

Public Comments

1. It's not good. Depending what each line of credit reads on your report it can go two ways. One way is that you don't have enough credit established or 2) you have late payment history on your credit report. Average score is 650 range and good credit scores are usually 700 and above.
2. I would say anything under 600 is bad.
3. Yes that is a bad FICO score. You either don't have enough credit, or you have too much credit by having many credit cards with high dollar credit limits, or you have blemishes such as late payments on your credit reports. You can get free credit reports from the 3 main credit report agencies: Equifax, Experian, and TransUnion. Google "free credit report" and you will find several websites. I'd get those reports and look them over carefully. Especially make sure that paid up and closed accounts show that they are definitely closed. If you find errors, you will need to contact the credit reporting agencies and show proof that the debt(s) have been paid. Always make an effort to keep your credit report information clean and accurate because even Car Insurance companies check your credit report these days and they will charge you more for insurance if you appear to be a credit risk. I don't know the current range, but I do know that you should try to have a credit score of at least 700+
4. Depends on what you plan on purchasing! 350-850 is the scores for FICO....it's not free to purchase them.... Vantage score is out and you're graded on a A, B, C, D, F scale with 990 as being the highest score. There are many ways in increasing your credit score by paying off debts or removing them from your credit report. annualcreditreport will allow you to view your credit report once a year BUT if you dispute your credit every 60days you can view a fresh copy. Make sure to write the CONFIRMATION number from Equifax, and Experian
5. Well FICO reportable scores run from 300 to 850 and the average is around 690 so a 563 is not good at all. You would be classified as Sub-prime and can buy a car and most likely get approved for some credit cards but you will be paying fees and high interest rates with your score.
6. That's a very poor score. Pay your bills on time and your score will improve a lot.
7. 563 is pretty bad. I've heard the average is in the 660-680 range. Anything above 700 is generally excellent.