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Is a credit score of 584 bad?

Updated: 9/11/2023
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16y ago

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It is not good! First find out exactly why your score is 584 and try to increase it, I like Phil Turner's course called The Credit Bible for information on increasing your credit score. You probably should apply for a secure credit card in order to build your credit score and you will find tips on this in the course I recommended above. Below is a way of interpreting your credit score. Given the current credit score stats, how does this relate to your own personal score? Generally, if your score is higher than 660, you will be considered a good credit risk. If your score is below 620, then you might have a tougher time getting a loan. The following ratings explain the impact of the different score ranges: * 720-850 - Excellent - This represents the best score range and best financing terms. * 700-719 - Very Good - Qualifies a person for favorable financing. * 675-699 - Average - A score in this range will usually qualify for most loans. * 620-674 - Sub-prime - May still qualify, but will pay higher interest. * 560-619 - Risky - Will have trouble obtaining a loan. * 500-559 - Very Risky - Need to work on improving your rating. First find out exactly why your score is 640 and try to increase it, I like Phil Turner's course called The Credit Bible for information on increasing your credit score. You probably should apply for a secure credit card in order to build your credit score and you will find tips on this in the course I recommended above. Below is a way of interpreting your credit score. Given the current credit score stats, how does this relate to your own personal score? Generally, if your score is higher than 660, you will be considered a good credit risk. If your score is below 620, then you might have a tougher time getting a loan. The following ratings explain the impact of the different score ranges: * 720-850 - Excellent - This represents the best score range and best financing terms. * 700-719 - Very Good - Qualifies a person for favorable financing. * 675-699 - Average - A score in this range will usually qualify for most loans. * 620-674 - Sub-prime - May still qualify, but will pay higher interest. * 560-619 - Risky - Will have trouble obtaining a loan. * 500-559 - Very Risky - Need to work on improving your rating.

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Q: Is a credit score of 584 bad?
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Related questions

What is a 584 credit score mean?

560-619 credit score is very risky. So it is not a good score. At first you have to check why you have this type of score. Then you have to increase it. If your score is higher than 660, you will be considered a good credit risk.


What is a bad credit score?

425 is a bad credit score.


Is 650 a bad credit score?

The credit score 650 is really not that bad. With a 650 credit score you can finance a home or car.


How bad its 520 credit score?

This is a fair credit score.


Is the credit score of 583 a good score?

583-619 is bad credit score in credit score range


What credit score is perfect credit and what score is considered bad credit?

Credit score that is around or more than 700 is considered to be good and score below 500 is considered to be bad. It is always advised to constantly monitor your credit score.


Is 629 a bad credit score?

629 is not a bad credit score, but it is not great either. A credit score of 629 means you have a medium credit risk. You probably won't have trouble getting a loan or a credit card, but you may not get the best interest rates or terms. You should focus on building your credit history and improving your credit score by making on-time payments and keeping your debt levels low.


Will a credit score of 584 get you an apartment with a roommate with good credit?

I have a credit score of 584, and my girlfriend had a score of 745. The realtor and landlord were a little hesitant, but once i provided my parents as a guarantor, and the realtor called my references who spoke well of me and said i was getting paid a decent salary, we got the place. You just never know how deep they're going to look into that stuff. Anyway, good luck!


How bad is a 495 credit score?

i hate my score


Is 577 a bad credit score?

577 is a fairly poor credit score. To have a credit score that is acceptable, you want your score to be between 620-680.


What does a 499 credit score mean?

bad credit


Is a 689 credit score bad?

689 is a real good credit score! Congratulations!