A credit score of 660 or up should get you a car loan at a good interest rate, and lower scores can still qualify. But a higher score will almost certainly get you a lower interest rate on the loan. A target credit score of 660 or above should get you a car loan with an interest rate around 6% or below.

What is a quality credit score?

A good credit score is about 690 or higher on the 300-850 scale commonly used by FICO and VantageScore. Generally speaking, scores between 690 and 719 are considered good credit. Scores above 720 are considered excellent, while scores between 630 and 689 are considered fair.

What is a reasonably good credit score?

For a score with a range between 300 and 850, a credit score of 700 or above is generally considered good. A score of 800 or above on the same range is considered to be excellent. Most consumers have credit scores that fall between 600 and 750.

Is a 642 credit score bad?

Your score falls within the range of scores, from 580 to 669, considered Fair. A 642 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.

Is it good to have a FICO score of 640?

A 640 FICO ® Score is a good starting point for building a better credit score. Boosting your score into the good range could help you gain access to more credit options, lower interest rates, and fewer fees.

What does it mean when your credit score is below 640?

People with credit scores below 640, for example, are generally considered to be subprime borrowers. Lending institutions often charge interest on subprime mortgages at a rate higher than a conventional mortgage in order to compensate themselves for carrying more risk.

What is a good credit score range with TransUnion?

What is a good credit score range with TransUnion? A credit score ranges from 300 to 850 with TransUnion and can impact your ability to borrow money. See how good credit score fits in the ideal range.

Is there a minimum credit score to get a credit card?

There’s no universal minimum credit score needed to get approved for a credit card. Credit card issuers have different score requirements for their credit cards, and they often consider factors beyond your credit scores when deciding to approve you for a card.