Having a strong credit score is essential for many things in life. The most commonly used credit scoring model, the FICO score, ranges from 300 to 850. A score of 655 falls in the fair range for a FICO score, which means you may have difficulty borrowing money or getting approved for financing.
Table Of Content:
- 655 Credit Score: Is it Good or Bad?
- Is 655 a Good Credit Score? What It Means, Tips & More
- 655 Credit Score: What Does It Mean? | Credit Karma
- Is 655 a good credit score? | Lexington Law
- 655 Credit Score (+ #1 Way To Fix It )
- 655 Credit Score Mortgage Lenders of 2022 - Non-Prime Lenders ...
- 655 Credit Score: Good or Bad? | Credit Card & Loan Options
- 655 Credit Score: Is it Good or Bad? (Approval Odds)
- 655 Credit Score - Is it Good or Bad? What does it mean in 2022?
- 655 Credit Score: Good or Bad, Auto Loan, Credit Card Options ...
1. 655 Credit Score: Is it Good or Bad?
https://www.experian.com/blogs/ask-experian/credit-education/score-basics/655-credit-score/
A FICO® Score of 655 places you within a population of consumers whose credit may be seen as Fair. Your 655 FICO® Score is lower than the average U.S. credit ...
2. Is 655 a Good Credit Score? What It Means, Tips & More
https://wallethub.com/credit-score-range/655-credit-score/
A 655 credit score is not a good credit score, unfortunately. You need a score of at least 700 to have "good" credit. But a 655 credit score isn't "bad," ...
3. 655 Credit Score: What Does It Mean? | Credit Karma
https://www.creditkarma.com/credit-scores/655
Apr 30, 2021 ... A 655 credit score is generally a fair score. While a lot of people have fair scores, you may still find it difficult to get approved for ...
4. Is 655 a good credit score? | Lexington Law
https://www.lexingtonlaw.com/education/score/655
Oct 11, 2021 ... The FICO model gives credit-using adult consumers a credit score between 300 and 850, ranging from “very poor” to “exceptional.” A credit score ...
5. 655 Credit Score (+ #1 Way To Fix It )
https://www.creditglory.com/credit-score/655-credit-score
Jul 1, 2022 ... Is 655 a Good Credit Score? ... A 655 FICO® Score is considered “Fair”. Mortgage, auto, and personal loans are somewhat difficult to get with a ...
6. 655 Credit Score Mortgage Lenders of 2022 - Non-Prime Lenders ...
https://www.nonprimelenders.com/655-credit-score-mortgage/
FHA Loan with 655 Credit Score ... FHA loans only require that you have a 580 credit score, so with a 655 FICO, you can definitely meet the credit score ...
7. 655 Credit Score: Good or Bad? | Credit Card & Loan Options
https://financejar.com/credit-scores/credit-score-range/655/
Nov 9, 2021 ... A credit score of 655 is higher than the lowest credit score of 300, but it's still a long way off from the highest credit score of 850. In FICO ...
8. 655 Credit Score: Is it Good or Bad? (Approval Odds)
https://www.crediful.com/fico-credit-score-range/655-credit-score/
Is 655 a good credit score? FICO scores range from 300 to 850. As you can see below, a 655 credit score is considered Fair.
9. 655 Credit Score - Is it Good or Bad? What does it mean in 2022?
https://creditscoregeek.com/fair-credit/655/
On the bright side, a credit score of 655 is not the end of the world. Typically, it is individuals with scores lower than 630 (the 'poor' FICO range) who have ...
10. 655 Credit Score: Good or Bad, Auto Loan, Credit Card Options ...
https://www.creditdebitpro.com/creditscores/655-credit-score/
A credit score of 655 is considered a “Fair” credit. It's perfectly average, and individuals with these scores won't have much trouble securing loans and ...
What is a good FICO credit score?
A good FICO credit score usually falls in the range of 670-739. Anything higher is generally considered excellent.
How can I improve my FICO credit score?
Improving your FICO credit score starts by managing your debt responsibly, building up your credit history and consistently making payments on time each month. Checking your report periodically ensures that no fraudulent activity has been reported and any errors are corrected right away.
Are there alternatives to the FICO scoring model?
Yes - VantageScore is another commonly used scoring model that also uses a scale of 300-850 to determine someone's creditworthiness. Credit scores from both models should provide you with similar results when applying for loans or financing.
What does it mean to have a fair FICO credit score of 655?
Having a fair score of 655 means that lenders may view you as moderate risk when considering issuing loans or financing. This doesn’t necessarily mean that you will be denied but it may make borrowing more difficult if other factors such as income and employment history are not taken into consideration.
Conclusion:
While having a fair FICO credit score isn't ideal, it doesn't disqualify you from being approved for loans and financing altogether. Improving this rating requires commitment and time, but with diligence and financial responsibility, it can definitely be done! Ultimately, understanding your unique situation makes all the difference when seeking financial success in any form - so do your research first!