When someone talks of “bad credit,” he or she means your positioning in terms of FICO scores. According to this rating model, a borrower is described in terms of his score so as to determine the suitability to lend him or her. The score of 579 is considered lower hence a bad credit score. If your credit score is above average, you can look for lenders who offer unsecured personal loans for better lending terms. In other words, people with good credit scores have more options and higher chances of qualifying for favorable terms from a majority of lenders.