Remove contributors
article thumbnail

560 Credit Score

Better Credit Blog

If you have a 560 credit score, your approval odds for loans are low, and your credit rating is pretty poor. Can You Get a Loan Approval with a 560 Credit Score? Some of the most common contributors to a “very poor” score include: Late payments. Foreclosures. Can You Get a Loan with a 560 Credit Score? Bankruptcy.

article thumbnail

Financial Inclusion Using Analytics

Fico Collections

This was one of the contributors to the tremendous market expansion during the 90s which has continued to present day. When the FICO® Scores were introduced in the U.S. in 1989, it meant lenders of all sizes could leverage the technology of scoring and open up credit to consumers that they might not have lent to in the past.

Lender 52