Expert: Joe Montgomery - 5/19/2007

Question
Hi - my question is, when you go into a bank to apply for a personal loan what is the lowest credit score that you can have?  

Answer
Technically-- 0.  If you don't have enough credit you can have no score at all.  the "worst" I've ever personally seen was 330, and I believe 300 is the lowest, with 850 being the highest.  If you apply for a loan-- any loan, the lowest they usually accept is in the 500 range-- but that's usually for cars and home loans--