Whats does a credit score of 550 mean?

With a credit score of 550 it would be almost impossible to get a car loan unless you went to a company that states: 'Good credit, bad credit, with $39 down................'. The downside to places like this is you will have a very high payment and interest rate, but after a year you can show good payment history and refinance.

Credit scores are on a scale from around 300 - 850, with 850 being the highest credit score possible. To give you a feel for the extremes, while the national average credit score is 680, only 13% of the nation's population has scores above 800. At the other extreme, roughly 15% of the population has a credit score lower than 550. In general, a good credit score is anything above 700 (From money-zine.com)

Poor would probably be a better adjective to describe 580. Fair Isaac describes anything as below 550 to be "awful".

Some of your larger dealerships you can, but in todays credit market, you better have 20% down and a co-signer

It depends also on the amount of income added. If there are 2 borrowers on the loan, and they have 6 scores. Borrower A 600, 550, 500. The lender will use the middle score 550 Borrower B 700, 750, 800. The lender will use the middle score 750 When there are two borrowers, they will use the LOWER of the 2 middle scores. In this case it will be 550.

A score of 569, according to Credit.org, is subprime. It's not poor, but it's also not generally acceptable either. An acceptable credit score starts at 620, whereas a poor one is less than 550. At 569 you can probably find credit or get a loan, although the terms won't be great and you'll end up paying much more in interest than if you had a higher score.

One half of 1 100 is 550 because 1 100 divided by two is 550.

550 is the highest possible score that you can recieve for a tesol. The avgerage score is around 300 to 350.

what do you mean by verbal sat? if you mean the critical reading or writing portion then no it's not bad. That's average or slightly above average.

The first thing to do is to get a copy of your credit report. If your score is below 550, you may need to apply for a bad credit loan which would have you paying very high interest. In this case, clean up your credit first. Get rid of credit cards that you don't use or ones that have low balances.

The 'balance' of his statement is the monetary value of his account with the credit card company. In this case it is the amount he owes the company.

That score is in the "sub-prime" category. Although it is still considered a poor score, you may still be able to qualify for a home loan at a higher interest rate, an auto loan and possibly some credit cards depending on your income. Anything between 550-600 is considered sub-prime. Getting into the 600's would lower your interest rates. Here's some more info http://www.lendingtips.com/credit/fixingbadcredit/credit_score.html

depends on how fat your mom is

It would be a subprime loan, which means it is less than good credit. If you were to purchase the home your interest rate would be much higher than prime credit. It will usually be 2-4 percentage points higher. If your credit score was 750+, your rate may be 6.5% or 7% with something between 550-575, you may get a rate of 9%-12%. At 7% monthly mortgage payment on $100,000 = about $665.30 At 10%…

Heck no you are dreaming minimum credit score is mid 600's that is MINIMUM my score is 550 and even w/ a co-signer who has a score close to mine IS NOT POSSIBLE. On the other hand if the co-signer has a score of 630+ and has good income 50k+ sure you can get a loan it all depends on co-signer really not you, if both of you have bad scores forget out about ESPECIALLY…

over 550 to 600 is acceptable but 700+ is good; 800 is very good The following table shows what is "generally accepted" as the Credit Score ratings. 350 - 619 Poor 620 - 659 Fair 660 - 749 Good 750 - 850 Excellent

If it's .550, not just 550 it is referring to the percent (.550x100=55%) of silver the product is made from.

No, you cannot get a mortgage with 0 down with a credit score that low. Sorry Yes you actually can. Under certain government loan programs you can get a 0 down mortgage with a low credit score. For instance I had a middle score of 525 and applied for a VA loan, which requires 0 down payment. I had to write a letter to the underwriter with a very good explanation as to why my…

Mean average of 175, 550, 750 & 1100 (175+550+750+1100)/4 = 643.75

Debit - Cash. Credit - Customer Deposits.

550 + 550 = 1100

30% off $550 = $385= $550 - (30% * $550) = $550 - (0.30 * $550) = $550 - $165 = $385

495 550 decreased by 10 percent = 550 - (10% * 550) = 550 - (0.10 * 550) = 550 - 55 = 495

A voluntary repossession will have a very negative impact on your credit score; however, the damage may not be noticeable immediately. You will still be obligated to repay the loan although you are not in possession of the vehicle. The bank that holds the lien on your car (Honda Financial, Toyota Financial, GMAC, etc.) will sell your former vehicle at an auction and they will only receive a portion of whatever you currently owe. You…

To boost your credit from 550 to 640, you need to make regular purchases monthly that you pay monthly. This means, whatever you purchase for a particular period should be paid in total and not minimum. However, this should be done naturally. The amounts should vary and don't make it appear that you have the money to pay for your purchases and you don't need a credit card. Also, make use of other credit that…