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

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690 Credit Score

Q: 690 credit score: Good or Bad?
A: 690 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 690 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 690 Credit Score Get You?

A 690 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 690 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 690 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 690 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 690 Credit Score

  1. A 690 credit score is considered “Fair” by most credit many lenders, and only 10 points away from “Good” which typically starts at 700 (depending on the scoring model).
  2. Someone with a 690 credit score should qualify for a mortgage (depending on credit history), but will most likely pay a higher interest rate than someone with 700+ credit score.
  3. Auto loans are available to people with a 690 credit score, it’s just a matter of terms and interest rates (in other words, how much MORE will you pay for the loan?).
  4. Similarly, credit cards are also available for applicants with a 690 credit score. Just not the “best” cards available, and watch out for interest rates!
  5. Personal loans are often available for applicants with a 690 credit score. Again, watch out for interest rates since you’re sub 720.

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