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Aug 6th, 2022
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How to Correct result in 602

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Scores 565 and below are considered Needs Work. Scores between 566-603 are considered Fair. Scores between 604-627 are considered Good. Scores 628 and above are considered Excellent.
Credit Rating: 602 is considered a bad credit score. Borrowing Options: Most borrowing options are available, but the terms are unlikely to be attractive. For example, you could borrow a small amount with certain unsecured credit cards or a personal loan for damaged credit, but the interest rate is likely to be high.
TransUnion (formerly known as Callcredit) is the UKs second largest CRA, and has scores ranging from 0-710. A credit score of 566-603 is considered fair. A credit score of 604-627 is good.
Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.
Since 600 is considered to be a fair credit score, borrowers with this score generally wont qualify for credit cards with large welcome bonuses, generous rewards and perks or low APRs. However, there are still some options available using a secured card or becoming an authorized user on someone elses card.
Your score falls within the range of scores, from 580 to 669, considered Fair. A 602 FICO Score is below the average credit score. Some lenders see consumers with scores in the Fair range as having unfavorable credit, and may decline their credit applications.
A FICO Score of 607 places you within a population of consumers whose credit may be seen as Fair. Your 607 FICO Score is lower than the average U.S. credit score. Statistically speaking, 28% of consumers with credit scores in the Fair range are likely to become seriously delinquent in the future.
Credit Rating: 602 is considered a bad credit score. Borrowing Options: Most borrowing options are available, but the terms are unlikely to be attractive. For example, you could borrow a small amount with certain unsecured credit cards or a personal loan for damaged credit, but the interest rate is likely to be high.

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