Higher risk; often results in worse-than-average interest rates.
Your score is calculated based on five specific categories from your credit report: How are FICO Scores Calculated? - myFICO credit score chart
Lenders group these numbers into tiers to quickly judge your financial health: Score Range Potential Lending Impact Access to the best interest rates and terms. Very Good Above-average credit; qualifies for competitive rates. Good Lenders consider this "average" and likely to pay on time. Fair credit score chart