 TITLE: Can You Get a Personal Loan With a Credit Score of 550? CONTENT: What Kind of Credit Score Is 550?\n---------------------------------\nA 550 FICO® Score☉ puts you in the very poor credit score range, which goes from 300 to 579. Although a 550 is on the higher end of the range, it's still considered a low credit score.\nThere are several reasons why you may have a low score, such as delinquent accounts, previously missed payments or a record of bankruptcy in your credit file. Over time, the impact of these negative marks will diminish, but most negative items can stay on your credit reports for up to seven years and affect your credit scores the entire time.\nYou can still qualify for some types of financing with a 550 credit score. However, personal loans are often unsecured loans, which means the lender is giving you money based solely on the promise that you'll repay the loan. Because borrowers with lower credit scores are statistically more likely to miss payments, lenders often charge higher rates to these borrowers to limit their financial risk. END