A credit score of 597 is typically considered subprime or fair, according to Credit.org from Springboard. Within the subprime score range of 550 to 620, approximately 50 percent of borrower accounts become delinquent. Borrowers with a score of 597 may have trouble getting loans, and any credit they are approved for may come with fees and high interest rates.
A credit bureau may calculate a 597 score based on negative factors, such as accounts with multiple late payments or frequent inquiries from lenders reviewing the borrower's history, notes Experian. In contrast, a score of 700 or higher is considered "good" by most credit bureaus, indicating that the borrower makes sufficient and timely payments. Scores are also affected by the number of active credit accounts borrowers have in their history and how long each account has been open. All types of credit are not weighed equally. For example, mortgage and car loans may influence credit score more than credit cards issued by stores.
The Fair Isaac Corporation, or FICO, score is the industry standard for determining credit worthiness. According to myFICO, scores range from 300 to 850, and the three major credit bureaus, TransUnion, Equifax and Experian, all publish their own scores based on different calculations. An individual's score is generated by comparing his spending and borrowing habits to common patterns among consumers with similar financial profiles.