Rock-Bottom Credit Scores Are Even Harder to Hit Than 'Perfect' Scores

Swiping a credit card
Swiping a credit card

WalletPop readers already know that credit scores fall into a range between 300 and 850. While it can be difficult -- if not impossible -- for most of us to reach that "holy grail" of 850, it turns out that it's even tougher to hit the bottom of the barrel. Even people who make every mistake in the book don't drop to a 300 score, experts say.

Part of the reason is that lenders have a tendency to stop handing money to people who blow off their bills and have to be hounded for payments. That said, though, banks once again have begun issuing credit to people with poor scores, although the cost for them to borrow is much higher.