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Apr 08

Credit score off 550: Home loans, Automobile financing & Credit cards

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Credit score off 550: Home loans, Automobile financing & Credit cards

So what does a credit rating from 550 suggest? Is actually a credit score off 550 a beneficial otherwise bad?

A credit history out of 550 is regarded as “Poor.” Indeed, one credit history lower than 619 really can bring a toll on a person’s lifestyle – and not in an effective way. The results should be tough than just you to definitely might think.

In this article, we’ll express just what that have a credit history off 550 opportinity for home loans, auto loans and you will credit cards. During the concurrently, we are going to share how to improve a 550 credit score.

Credit rating regarding 550: Car loans

Buying a vehicle that have a credit rating out-of 550 is possible, but high interest levels are often supplied to people who have crappy borrowing from the bank. What’s the rate of interest for a credit score away from 550 on the a car loan? Read more