9 Best Loans & Credit Cards: 500-550 Score (April 2024)
Despite the fact that it's often referred to in the singular, you actually have dozens of credit scores. That said, the most prevalent credit scoring model currently used is FICO Score 8. The FICO Score 8 model operates on a scale of 300 to 850, with 850 being the best possible score. While this may make it seem as though a 500 to 550 credit score puts you near the middle, the average FICO Score in the US is actually above 700 — and everything under 580 is firmly in "bad credit"... read more »