Great question..no simple answers. Understand that there are three primary credit score providers (at least the most used and trusted). They would be Equifax, TransUnion, and Experian. Equifax is often considered to be the most used and trusted since they were the ones who began the whole credit scoring model. So, lets use them as a basis for this discussion.

FICO, which is Equifax's credit scoring model name, has several levels. Each level covers a different range of scores.

Bad is 499 and below. If you're in this range, you'll find it hard to buy a glass of water on credit.

With a 500-580 score. You'll be able to get a loan, but you won't like it. You'll have nightmares about your interest rate.

Low is 580-619. Not much to celebrate about..but at least you can still pick on the people in the low category.

Fair is 620-679. Things are looking up for you. You get better terms on financing.

Good is 680-699. Now you'll be able to get 'preferred' financing. Translation. You'll actually be getting normal financing, but so many people have been in the lower ranges so long that it does seem to be 'special' financing.

Excellent 700-850. Banks fall over themselves trying to win your business. This is when you're truly in control.

Procrastination. It can be your greatest financial downfall. Don't wait until an emergency arises and you discover you can't get access to the financial help you desperately need because of your terrible credit score. Remember an once of prevention is worth a pound of pain.
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Christopher Wright, Financial Cancer Specialist
Personal Loan For Poor Credit