Is a 555 credit score ok? T.R.Y T.H.I.S. S.I.T.E W.H.E.R.E Y.O.U C.A.N F.I.N.D T.H.E B.E.S.T S.O.L.U.T.I.O.N F.O.R Y.O.U
by ? - 20 hours ago
If you have a savings account with at least $5,000, convert it into a secured credit card and charge a few things every month and pay it off. Make sure your bank reports secured loan to the credit bureaus before you set it up
by ? - 20 hours ago
you need to apply for small credit and then pay the bills on time. do this repeatedly and you will move your credit score up. do not apply for credit over and over, every time you apply for a credit card it moves your credit score down. A 555 credit score is NOT GOOD.
by jumbos_mom - 20 hours ago
What does this mean :good luck to all of you, it looks like it going to be a long time before this is corrected. : many of us have worked hard all of our lives and managed to maintain a very good credit score and history. Granted we do not know what got you to a 555 credit score but it certainly was not financial responsibility and now you are unfortunately paying the price. But it is unfair to lump everyone in the same financial boat as yourself.
by Sally - 20 hours ago
555 is considered poor. You are considered as High Risk. It doesn't matter how much money you make, your credit history tells all. Lenders sees you as financially irresponsible and thinks you will default on the loan. If you have a co-signer or collateral, you will have better chances for a personal loan You might want to start off with a credit cards for bad credit. You will have to pay fees to use the card but it establishes your credit.
by sunshine - 20 hours ago
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