Can I get a loan with a 500 credit score?

It is possible to qualify for a personal loan with a credit score of 500; make sure to compare offers to get the right loan for you. In addition, always review the fine print. If you end up taking out a bad credit loan, do everything you can to make sure it’s repaid on time.

Can I get a mortgage with a 500 credit score?

While it can be more difficult to get a mortgage with a 500 credit score, considering an FHA loan or working with a non-prime mortgage lender are options. Review Your Credit Score Before you contact a lender, take the time to review your credit score to get an exact number so you know where you stand.

Is a 500 credit score considered bad credit?

Well, it may not be that bad and it can be really bad depending on your scope for standard of living. A credit score under 500 is considered a bad score, but if you don’t care if you are perceived as someone who will never pay pack by a potential lender, then there is nothing wrong with having a 500 credit score.