How much does a credit score out of 550 imply? Are a credit history of 550 good or bad?

A credit score from 550 is regarded as “Bad.” Actually, people credit score lower than 619 really can take a toll on the someone’s lives – rather than when you look at the a good way. The consequences can be worse than simply one might think.

In this article, we shall express exactly what that have a credit score away from 550 method for mortgage brokers, car loans and you can handmade cards. Inside on the other hand, we’ll display tips raise a good 550 credit rating.

Credit history regarding 550: Car loans

Purchasing an automobile with a credit history out of 550 can be done, however, higher rates of interest are often provided to people with crappy credit. What is the interest rate to have a credit rating off 550 on the an auto loan? Celý příspěvek →