5+ Ways Is 659 A Good Credit Score
5+ Ways Is 659 A Good Credit Score. Consumers' fico ® scores are higher than 659. A 659 credit score is below average, but it’s not far off from a good credit score.
Your 659 fico ® score is lower than the average u.s. While a lot of people have fair scores, you may still find it difficult to get approved for credit without high fees and interest rates with a score in this range. A 659 credit score is generally a fair score.
The Average Fico® Score Is 704, Somewhat Higher Than Your Score Of 659, Which Means You’ve Got A Great Opportunity To Improve.
How to improve your 659 credit score. Borrowers in this range will almost always be approved for a loan and will be offered lower interest rates. Interest rate on car loan with 659 credit score can go anywhere from 8% to 12%, but it also depends on the lender and the specific background credit history that the person has that will determine what the interest rate is going to be.
At 640, Mortgage Options Such As Fannie Mae And Freddie Mac Become Available As Well, As Long As You Have The Necessary 25% Down Payment To Qualify.
Consumers' fico ® scores are higher than 659. How to improve a 659 credit score. Paying bills consistently and on time is the single best thing you can do to promote a good credit score.
Statistically Speaking, 28% Of Consumers With Credit Scores In The Fair Range Are Likely To Become Seriously Delinquent In The Future.
A score of 659 means some lenders will be reluctant to loan you money or approve you for credit. Any improvement in your credit score could earn you better terms. The interest rate will depend on your individual qualifications, the mortgage lender, and the date you.
It’s Actually In The Fair Credit Tier.
While 659 is just considered to be a fair credit score, not a good one, you should still refinance your car loan if your credit has improved since you originally took out the loan. If your credit score is a 668 or higher, and you meet other requirements, you should not have any problem getting a mortgage. You need a score of at least 700 to have good credit.
Is 659 A Good Credit Score?
There are many mortgage lenders that offer loan programs to borrowers with credit scores in the 500s. For example, equifax credit score ranges, from excellent to poor, are:3. Get your revolving utilization as low as you can (0 being best, but the general rule is below 30%).