650 Credit Score: What It Means (& How To Improve It)

650 Credit Score

Q: 650 credit score: Good or Bad?
A: 650 is a "Fair" Credit Score!

Any credit score in the 650-699 range is generally considered “Fair”.

Category Range
Excellent 750 - 850
Good 700 - 749
Fair 650 - 699
Poor 550 - 649
Very Poor 300 - 549

A 650 credit score (Fair Credit) is often viewed by lenders as an acceptable credit risk - meaning you will usually be approved for the credit or loan you are seeking.

But you will probably not receive the more competitive offers and rates that having a "Good" credit score (above 700) can provide.

Any score below 700 could use a boost.

If you want some of the best rates and terms lenders have to offer, you need to work on raising your credit score to at least 725, which is well within the “good” range.

Learn How To Improve Your Credit in 3 Steps

Related: How I improved my credit score by 111 points

What Will a 650 Credit Score Get You?

A 650 credit score falls within the "Fair" range on the scale.

But what will it get you?

Item Do You Qualify?
Any Credit Card NO
No Annual Fee Credit Card YES
Credit Card with 0% Financing YES
Mortgage YES
Best Mortgage Rates NO
Auto Loan YES
Auto Loan with 0% Rate NO
Lowest Auto Insurance Premiums NO
Personal Loan MAYBE
Apartment Rental MAYBE

How Does a 650 Credit Score Compare?

It's one thing to find out if your credit credit score is "Good" or "Bad". But more importantly, how does it compare to others?

Here's a quick look at how a 650 credit score stacks up:

% Of People Range
28% of people 750 - 850
10% of people 700 - 749
16% of people 650 - 699
32% of people 550 - 649
14% of people 300 - 549

As shown above, an estimated 16% of all people have a score in the 650-699 range.

How To Improve Your Credit Score The Right Way

Once upon a time, my credit score was 650 too. I wasn't happy. It didn't allow me to get the credit cards and loan rates I desired.

So I decided to make a change.

My score is now around 777 (lucky right?), and I enjoy some of the best rates and terms lenders have to offer.

Find out how I did it:

Read: How I Improved My Credit Score By 111 pts. in 3 Steps



5 Facts about a 650 Credit Score

  1. If you have a 650 credit score, you are smack dab on the low end of the “Fair Credit” category threshold (650-699). You are also 50 points away from achieving a “Good Credit Score” (700-749).
  2. With a credit score of 650, your mortgage options should be attractive. Not as attractive as they would be if you had a 700+ credit score, but still not bad! Depending on other factors of course such as debt, income, etc.
  3. Auto loans for a 650 credit score are widely available. Just make sure you shop around for the best rates you can find before driving away with your new ride.
  4. A 650 credit score should be good enough to get some pretty decent credit cards. The downside is you won’t receive the lowest interest rates on those cards.
  5. 650 credit score personal loans are out there and ready to be had, but these types of loans can be very costly so please be careful there. But a score of 650 should not keep you from obtaining a personal loan.

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