How would you rate a credit score of 580?

Answer by  nimrodel (48)

A credit score of 580 is a poor credit score. Credit scores range from 300 - 850, with 680 being 'average'. Anything above 700 is considered good, while anything below 620 is considered bad.

Answer by  HarryL (18)

That is towards the bottom of the "Risky" credit range, so it will be difficult to obtain a loan,and if you do you are likely to pay a significantly higher rate than average. You would need to raise it to 675 to reach the "Average" credit score range.