Having a credit score around 500 means you have a ________ risk of having a new credit application rejected.

Name: Having a credit score around 500 means you have a ________ risk of having a new credit application rejected.
Brand: Quizplus
Rating: 4.7 (52 reviews)

Question

Quizplus · Accepted Answer

Having a credit score around 500 is considered poor by most credit scoring models, such as FICO and VantageScore, indicating a high risk to lenders. Therefore, the likelihood of having new credit applications rejected is high.

Having a Credit Score Around 500 Means You Have a ________