Is 501 a Bad Credit Score – How to Improve Your FICO Score 501?

Is 501 a Bad Credit Score – How to Improve Your FICO Score 501?

Is 501 a Bad Credit Score? Yes, if your score falls within the range of scores, from 300 to 579, which are considered very bad. A FICO® Score 501 is significantly below the average credit score. Many lenders choose not to do business with borrowers whose score falls in the Very Poor range, due to…