Is a 555 credit score ok?

i applied for a 5000 dollar personal loan with hsbc and they turned me down. i know 555 credit score is not that good but, how am i going to get better credit if no one will give me the opportunity to do so? by the way i own my home have been employed at the same job for 5 years and have an annual income of... show more i applied for a 5000 dollar personal loan with hsbc and they turned me down. i know 555 credit score is not that good but, how am i going to get better credit if no one will give me the opportunity to do so? by the way i own my home have been employed at the same job for 5 years and have an annual income of 82000.00. i don't really need the money. i just wanted to build my credit. so my score would go up. what is going on in the world of financing today?? good luck to all of you, it looks like it going to be a long time before this is corrected.
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