answersLogoWhite
Credit Reports
Money Management
Credit

What does a credit score of 553 mean?

313233

Top Answer
User Avatar
Wiki User
Answered
2007-05-18 17:39:05
2007-05-18 17:39:05

it means you'll have a hard time getting a loan. credit scores run from 400-850 with about 650 being fair, and around 720 being good. less than 600 is considered poor.

567
๐Ÿฆƒ
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0

Related Questions


There is probably no credit union or bank that will approve you when your score is that low. What on earth did you do to have such a horrible credit score? You should be ashamed of yourself.


Score not available due to lack of credit history.


A credit score is a credit evaluation rating. The British use score to mean the number twenty, as well.


A credit score of 630–689 is generally considered to be fair credit score, 700 or above is generally considered to be a good credit score.


That you don't have established credit.


Fair credit..not good not bad


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.


It's nearly impossible to have a credit score that low. I'd check with the credit bureaus and pay to see your credit score from one of the big three -- Equifax, Transunion or Experian.


A high credit score means that you have great credit. A high credit score of over seven hundred can help you get a better interest rate on a loans like mortgages.


583-619 is bad credit score in credit score range


a credit sore of 980 does this mean, I have bad credit??


It means your credit is in "Excellent Standing"


Score not available due to lack of credit history.


A 775 score from Transunion is considered average.


A credit score of 629 is not a very bad credit score, but it is not a great credit score. A great score will be 700 and above.


The credit score 606 is not an overly great credit score. it is a fair credit score. Credit scores of 700 and above are considered great.


Very low risk to lenders. (96.68 score rank).



A 331 FICO score means in plain english---You have horrible credit. You can`t even get bubblegum on credit :P


If you have a credit that is not bad but you have to pay those credit within the particular time. When you apply for a loan for any purpose, the lender will look at your credit score to measure what kind of interest will chargeable for you. So credit score is important.


If you've got a credit score in this range, there is no question that your credit score is in need of serious credit repair. Credit scores in this range are just flat out bad. You're clearly paying higher interest rates and making credit mistakes that will impact your life for years to come.


It depends on where you get your loan, how much collateral, and why your score is 649. Don't be fooled by credit scores. They don't mean what they say they do. I have a credit score of zero and my credit is excellent.


IS FICO AND CREDIT SCORE THE SAME THING? IS FICO AND CREDIT SCORE THE SAME THING?


A credit report basically contains information about your credit history, whereas Credit score is a number which is generated on the basis of your credit report. Score totally depends upon one's credit record, if history is good, credit score will be high. I always check my credit score free at Freecreditscore.com.


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.



Copyright ยฉ 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.