520: Poor Score - Interest rates with a credit score in this range are going to be very high when getting a loan. It would be a wise move to get loans to consolidate debt so that you are not carrying more debts on your record. You don’t want to make things worse by not making a payment so be sure you can pay it all off on time before taking the route.
With a credit score as low as 520 you won’t be eligible for a majority of top quality credit cards. The good news is that you can get credit cards that will help you rebuild good credit. I am assuming you already have checked your credit score and know all the benefits?
Credit cards recommended for your credit score of 520.
Orchard Bank Classic MasterCard – Orchard Bank MasterCards are an ideal choice for applicants with fair or average credit, providing universal acceptance, superior customer service, and competitive APRs based upon your individual credit. If you’re worried about your credit being to bad they also provide a secured credit card option.
Prepaid Visa by AccountNow: You can help build your credit without credit checks with the AccountNow Prepaid Visa. It works like a debit card-you load is up with cash or have your paycheck directly deposited to it. It has a really cool twist though; you don’t have to wait for it to enter the account before you can spend it. This gets reported to the credit bureaus by AccountNow and dramatically helps rebuild your credit.
Need help with another credit score that’s not 520? We have plenty of other tips here -
http://www.knowmycreditscore.com/credit-score/