How bad is 630 credit score?

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630 Credit Score: Is it Good or Bad? Your score falls within the range of scores, from 580 to 669, considered Fair. A 630 FICO Score is below the average credit score. Some lenders see consumers with scores in the Fair range as having unfavorable credit, and may decline their credit applications.

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The types of programs that are available to borrowers with a 630 credit score are: conventional loans, FHA loans, VA loans, USDA loans, jumbo loans, and non-prime loans. With a 630 score, you may potentially be eligible for several different types of mortgage programs.

Beside above, is a 630 credit score good for a auto loan? Generally, a credit history of 730 to 740 and above is considered excellent credit. Since you are on the average side with a 630 credit score, it is enough to secure you a 630 credit score car loan. Your credit history will affect the interest rate you qualify on your car loan. The other option would be to lease a car.

Likewise, what can I get with 630 credit score?

As someone with a 630 credit score, you have just crossed over into the “fair” territory of credit score bands. You can qualify for financial products, like a mortgage or car loan, but you will likely pay higher interest rates than someone with better credit.

How bad is a 592 credit score?

A credit score of 592 isnt “good.” Its not even “fair.” Rather, a 592 credit score is actually considered “bad,” according to the standard 300 to 850 credit-score scale.