what rating do I have with a credit score of 569?

Public Comments

1. The scores don't go much lower. Very poor I wouldn't loan you a pencil.
2. In terms of good or bad...it's bad. Work to pay off credit cards and start rebuilding your credit. It's not easy, but it's worth it. Bad credit sucks because you end up with higher interest rates and you're less likely to get approved for a loan....without either putting more money down (like to get into an appt.) or get denied all together when applying to get a loan for a house...(or you get the loan but the interest rate is astronomical. Work to get that score up! Pay off cards, and close them. The amount of money you make, versus the debt you have, plus late payments on credit cards and stuff like that all add up...Good luck!
3. that's pretty low. You need to whatever it takes so get that score up.
4. 569 = very poor credit. Consider yourself lucky if you get a loan at all, especially since the banks have just had a bunch of sub-prime (i.e., low quality credit) loans blow up in their faces.
5. Very poor. Do whatever you can to raise your score - e.g. work to pay off your debts, pay your bills on time, etc.
6. Below average, which is NOT a good credit score. Try to bring it up by paying off as much debt as you can, and stop charging to your credit cards. Also make sure you make your payment on time.