Individuals with a credit score of what value or lower are considered a poor credit risk?

A credit score of 620 or lower is typically considered a threshold for poor credit risk. Scores below this mark suggest that the individual may have a higher likelihood of defaulting on loans or credit obligations, making lenders perceive them as riskier clients. Borrowers with a score in this range often have a history of late payments, high credit utilization, or other credit issues that could hinder their ability to manage new debt responsibly.

Scores of 650 and above generally indicate a fair to good credit risk, while scores of 700 or higher are typically associated with good to excellent creditworthiness. This classification affects the terms and interest rates lenders are willing to offer, with lower scores often resulting in higher interest rates or loan denials.