Yes, a 300 credit score is considered very bad. In fact, it falls into the lowest range (300-579) on the most common credit scoring models, which is typically referred to as “very poor” or “deep subprime.” The average American consumer has a score much higher, around 714.
A credit score this low can make it difficult to qualify for many financial products, such as loans, credit cards, and even getting utilities set up without a security deposit. If you are approved for credit, you’ll likely be offered very high interest rates and fees.
The good news is that there are steps you can take to improve your credit score. I can’t provide specific financial advice, but some general tips include getting a copy of your credit report to check for errors, making sure to pay your bills on time, and keeping your credit card balances low.