Benzino says the bad outweighs the good when it comes to 50 Cent‘s track record in hip hop, claiming when you talk “just the facts” … the facts aren’t great to Fiddy.

The former “Love & Hip Hop” star is the latest guest on the “It’s Tricky With Raquel Harper” podcast, and he’s addressing his 50 Cent beef head-on by strongly hinting he’s about to drop a lawsuit on him and several others.

Then Benzino, who was co-owner of The Source, rips his nemesis, saying … “He’s the first 6ix9ine. Like, the first hip hop rat!!!”

As you know Tekashi 6ix9ine infamously snitched to the feds on fellow gang members to get a reduced sentence — and Benzino’s referencing an old allegation Fif ratted on former record exec Jimmy Henchman.

Check out more on TMZ.