Credit Cards For Very Bad Credit: 300 – 560

300-560 Very Bad Credit Rating. Very bad credit is expensive. It tells lenders that you have had serious problems meeting your payments in the past. You may have had a foreclosure on your home or a bankruptcy in your history. Lenders will be extremely wary of approving your application and issuing you a loan. They aren’t sure they’ll get their money back, and they aren’t sure if you have assets to use as collateral. Scores at the very top of this range may just barely qualify for a very high interest rate unsecured loan. A score of 499 or less usually means a definite rejection.