A Credit Score Of 530 Is Higher Than The Lowest Credit Score Of 300, But It’s Still A Long Way Off From The Highest Credit Score Of 850.

Secured and unsecured credit cards. Capital one quicksilver secured cash rewards credit card. Having a 530 credit score you are amongst 16% of american consumers in the very poor fico score range.

This Is An Option For People With No Credit Score.

It is 170 points away from being a “good” credit score, which many people use as a benchmark, and 110. While 530 is not a perfect credit score, it is still possible to get a mortgage, car loan, or unsecured credit card with this score. With a 530 credit score, you have two primary options when it comes to credit cards;

According To Credit Reporting Bureau Experian, A Credit Score Of 530 Officially Ranks As “Very Poor.”.

Credit card applicants with a credit score in this range may be required to put down a security deposit. A good rule to follow is for your balance on your credit card to be 35% of the total limit on that card. 530 credit score credit card options.

Remove As Many Excess Hard Inquiries As You.

It's four levels and 270 points away from what is deemed an excellent or. So, if we look at these ranges, a credit score of 530 will indicate that we have bad credit. A credit score of 530 is not the best, but it’s not the end of the world!

Of Course, You Don’t Need A Perfect.

The top score in the fico credit score system is 850. Buying a home with a credit score of 530 can be challenging. The opensky® secured visa® credit card does not require a credit check, and you can be approved even without a bank account.