is 480 a decent credit score?
can i get a loan for debt consolidation and from where
Public Comments
- No, 480 is quite a low score. The average in the US is about 675 (higher being better). The attached shows how the score is calculated and how you can improve your score.
- Sorry, no. That's actually pretty bad. I'm not judging you, though, mine's in the mid 500's. That sucks too!!
- Unfortunately this is a very low score.
- 480 is low. Is there anything you can do to bring it up? If you are behind on payments and can get caught up then that will help your score.
- That is a really bad score. You won't be able to get a loan anywhere.
- F.I.C.O. report from 300 to 850 with the veraghe being around 692. So a score of 480 is considered bad. You can be approved for some car loans with a large down payment and secured credit cards. But as far as getting a decent interest rate, well that just will not happen.
- I hate to tell you, but 480 is a very low credit score. You won't be able to do very much with a 480. However, you might have a chance if all you want is a small loan for debt consultation. Just visit your bank, and talk to a loan officer about it. I'm not sure how old you are, but many loan officers will lend money to young people so that they can build credit. Hope this helps and best of luck!
- Credit Score is not all they look at, must meet minimum debt service ratios, co-signer, and they look your job. I found interesting information about your answer & options here. http://all-debt-consolidation-loan.blogspot.com/2007/07/debt-consolidation.html
- Your credit score is miserable. You couldn't finance a dog house on it. You need to understand your credit. Check the site below.
