You or someone you know got a 506 credit score and you are wondering
if 506 is a good credit score. In other words, is a person's
creditworthiness good if his or her credit score is 506?|
First, to put the 506 credit score (FICO) in perspective,
credit scores range from 300-850. The higher the number, the better the
credit score is.
A 506 credit score is a very low credit score and means bad credit.
506 is NOT a good credit score. Someone with a credit score of 506 will have smaller chances of getting a loan or even a good job compared to people with a higher credit score.
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