520 Credit Score Loan & Credit Card Options
You can find a full breakdown by account type in the table below.
Just because you can borrow with a 520 credit score doesn’t mean you should.
For example, a credit score of 580 or higher qualifies you for a lower down payment (3.5% vs.
10%) on an FHA home loan.
Can I get a personal loan with 500 credit score?
If you are thinking about personal loans for credit scores under 500, getting one from a credit union may be a better option. Basically, these institutions offer better terms to borrowers with low credit scores. But if you can manage to get a loan with a local bank, it comes with lower interest rates.
Can I get a loan with a 517 credit score?
517 Credit Score. A 517 credit score won’t knock any lenders’ socks off, but it shouldn’t completely prevent you from being approved for a credit card or loan, either. For example, roughly 1 in 10 new credit card accounts are opened by someone with a credit score below 580, according to Equifax data.
Is a credit score of 520 good or bad?
520 Credit Score: Is it Good or Bad? Your score falls within the range of scores, from 300 to 579, considered Very Poor. A 520 FICO® Score is significantly below the average credit score.
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