If you've a horrible credit score (less than 600 on the FICO scale) well then you are consider to have extremely bad credit. Poor credit is usually a big backset in life and can keep you also by obtaining the credit that you need, even for purchases that have to be done immediately. Many people have developed a poor credit score because of the global financial crisis and associated layoffs and job loss that have affected a lot of folks. Or perhaps illness or injury prevented you from working, and your credit slipped as being a result.