With a credit score in the mid 500's is it possible to lease a car or qualify for a mortgage?

Question by Roselyn: With a credit score in the mid 500's is it possible to lease a car or qualify for a mortgage?
My best friend's credit score is about 550, and she wants to lease a car and possibly buy a house in the future, with a score like that can she? I know that her credit was much worse, and she has been keeping up to date on her bills and is trying to bring it back up above 600. Please let me know, she asked me this morning and I wasnt sure about the answer to give her.


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