The new FICO decides fico scores ranging from three hundred to 800, with high score reflecting good credit and you may vice-versa. Therefore, is 550 a bad credit get?

Predicated on FICO revealing, a credit history regarding 550 is considered very poor. And since they consist very lower on the credit history level, a 550 credit score can impact debt upcoming.

Which are the Outcomes of obtaining a good 550 Credit history?

The consequences of obtaining less than perfect credit normally contact almost every area of your life. Off to purchase a property to help you applying for college loans, a beneficial 550 credit history can be hinder your financial progress. Continue reading →