Credit score 530, is this considered High or Low?

With such a credit rating you may be able to get a small loan. You will be considered  a high risk consumer as this really is not a positive score.

Depending on the age of your debts you may get assisted, but must be willingt to pay higher interest rates, also the amount granted to you will definitely be less than should you have a stable credit record. The lenders will be reluctant to grant you credit should you keep on defaulting. 

 

With a score of 530 you definitely need to shape up your future payments should you be granted a loan of any size.

Most lenders will be willing to assist you with a bigger loan after you made three consecutive instalments.

The longer you maintain the regular payments the better your credit record will become and your credit score will also increase.

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You and you yourself can be the one turning your ratings around and will most definitely benefit by keeping to your commitments of regular on date repayments.