what does 590 mean in a credit report?

Question

credit score 590

Answer 1

IT means that you either pay your bills slowly, have collections, or probabally are maxed out on your credit cards. Raise your score by paying down your credit cards and pay your bills on time. 590 is a C-/D+ Credit Score.

Answer 2

590 Credit Score

Answer 3

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RE:
what does 590 mean in a credit report?
credit score 590

Answer 4

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They count 7 years from last activity. But, just so you know things like minimizing inquires will raise your credit score, closing any unused accounts, and minimizing balances owed will raise your score. I had bad credit a long time ago By the time 5 years came up my credit score raised up from other factors to a point that those negative marks on my credit didn't weigh as heavy.. I was able to buy a house with a 590 credit score so, you still have hope.

Answer 5

A 590 Credit score is "Sub prime" anything under 620 is considered "Sub prime". You can still qual for a loan, but your interest rate will be higher than say someone with a 720 or 850.

FYI 850 is the highest possible credit score and only about 10% of Americans have that credit score. Most average between a 600-750.

Answer 6

Well, as http://www.credithit.com sais, 350-619 according to FICO score, is a bad credit (they call it poor credit). This isn't much, you need to improve it. However, there are some lenders who accept the score and will give you credit for poor credit history.

Answer 7

It is "subprime" which means you are at a higher risk for defaulting and will be charged higher interest rates. There are worse scores though and with carefully planning, you can raise it.

Answer 8

its not that great however there is hope so dont let your score get any worse.
at your score rate it would be very easy to improve

Answer 9

Not good. Perfect is 800

Answer 10

Not to bad but not all that good.