Precisely what does a credit rating out of 550 indicate? Are a credit history of 550 a good otherwise crappy?
A credit score away from 550 is considered “Poor.” Actually, people credit score below 619 really can grab a cost with the someone’s existence – rather than into the a good way. The consequences are tough than you to definitely might think.
In this post, we’ll show just what with a credit score away from 550 means for lenders, car and truck loans and playing cards. From inside the simultaneously, we are going to display how exactly to improve good 550 credit history.
Credit score out of 550: Car loans
To find a motor vehicle that have a credit score from 550 can be done, however, high interest levels will always provided to people who have crappy borrowing from the bank. What is the interest having a credit rating away from 550 into the an auto loan? Continue reading…