Most St. Louis customers know the differences between good vs. bad credit, but that’s only part of the story. Between no credit vs. bad credit, which is worse and why? While neither are ideal, there are plenty of ways to better your financial situation regardless of your current score. Read on to learn more about the key differences between credit histories:
A bad credit score is generally a score below 630 on a scale of 300 to 850. Between no credit history vs. bad credit, bad credit means that you have secured financing in the past, but you’ve faced a few stumbles along the way. Some behaviors that may tank your credit score include:
Whether you have bad credit or no credit, you still have options to improve your financial standing for good. Follow these tips to establish your credit, and give yourself a better chance of getting approved for an auto loan or other types of credit in the future:
If you’re hoping for a brighter financial future in St. Charles or Florissant, contact us at Green Light Auto Credit for personalized advice from seasoned experts. Our finance center can help you secure the funding you need, and you can even get pre-approved online!