10+ Incredible Tips Is 500 Credit Score Bad. It’s rated as “poor” by every major credit scoring model. A 500 credit score is a bad score and has negative implications. The numbers of scores range from a 300 on the lower end to an 850 on the upper end. A score of 500 is very poor, significantly below average.
A 500 credit score is a bad score and has negative implications. The is suitable for a fair credit score. With all the options on the market today, finding credit cards for a 500 credit score is not impossible, although it may be more challenging than landing a high.
For example, people with credit scores below 580 take out roughly 12% of car loans versus only 6%.
First let me just say, a 500 credit score is not the end of the world. According to the common credit score ranges, a 500 credit score. A 500 credit score is in the bad credit score range.
A Person With A 500 Credit Score Likely Struggles To Pay Off Debts (For Many.
A truly good credit score is whatever helps you access the credit products you need while still being affordable.