In this specific article:
- What type of Credit Rating Is 550?
- Ways to get a personal bank loan With a 550 credit rating
- Options to Signature Loans When You’ve Got Bad Credit
- How exactly to enhance a 550 credit history
- Monitor Your Progress
You are capable of getting a unsecured loan with a 550 credit rating, you is probably not authorized for a sizable loan or one with a minimal apr (APR). According to the situation, you might seek out alternate types of work or financing on enhancing your credit and before you use.
What sort of Credit History Is 550?
A 550 FICO В® Score в‰ puts you within the extremely dismal credit rating range, which goes from 300 to 579. Although a 550 is in the top end associated with range, it is nevertheless considered a credit score that is low.
There are many reasoned explanations why you have a low score, such as for instance delinquent records, formerly missed payments or an archive of bankruptcy in your credit history.