A good 550 credit score audio much better than five hundred, but it is however a poor credit get. (It is 29 circumstances regarding fair and you will 120 circumstances away from a great.) You can qualify for a personal bank loan with a beneficial 550 borrowing from the bank rating however, again, your own interest would be higher and you can financing approval isnt guaranteed.
Just to illustrate in one Chief Financial, which works closely with those with bad credit results. Should your amount borrowed was $step 1,five hundred in the 35% focus, brand new cost plan will be as follows:
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