Nov 292017
 

Is 637 a good credit score? Can I buy a car or get a credit card?
You applied for a home or car loan and in the mail a few days later you got a letter showing you your credit score was 637.
Is that a good thing? Is a credit score in the 600s a good credit score? The FICO credit score scale runs from 300 to 850, 300 being the worst, 850 being the best.
A credit score within the range of 300 to 584 is considered a bad credit score.
A credit score within the range of 585 to 669 is considered a fair credit score.
It's not the greatest but it's also not the worst.
A credit score in the low 600s will usually be acceptable to get a car loan.
It will not be a favorable interest rate and you will need to show a good monthly income along with a large down payment.
You will also be able to get a credit card for people with fair credit.
Credit card banks consider a low 600 credit score to be a high risk and you will have to pay a higher APR starting at 19.9% and up.
You may be better off going with a secured credit card which can carry a lower APR but it can be used a credit builder when you need to build up your credit report due to past credit mistakes.
If you are not in a dire need of getting a car loan or credit card at this time you can work on building up your credit score for the next 6 to 12 months by paying all your bills on time and keeping your balances low and then begin applying.
So a credit score of 600, 610, 620, 630 or 637 is not a great credit score but you can still buy a car or get a credit card and you can work on building up your credit.
Then you can develop good payment habits and then build up your score and get a better credit card rate and refinance your car loan.
Access your absolutely free credit score instantly online with Credit Karma.
Credit Karma provides "truly" free credit scores to consumers with no sneaky trial subscriptions or up sells. CreditKarma is 100% free with no credit card required or even asked for. Now includes free daily credit monitoring.

Is 637 a good credit score? Can I buy a car or get a credit card?

http://www.bestfreecreditscores.com/freescore.php
Is 637 a good credit score? Can I buy a car or get a credit card?
You applied for a home or car loan and in the mail a few days later you got a letter showing you your credit score was 637.
Is that a good thing? Is a credit score in the 600s a good credit score? The FICO credit score scale runs from 300 to 850, 300 being the worst, 850 being the best.
A credit score within the range of 300 to 584 is considered a bad credit score.
A credit score within the range of 585 to 669 is considered a fair credit score.
It's not the greatest but it's also not the worst.
A credit score in the low 600s will usually be acceptable to get a car loan.
It will not be a favorable interest rate and you will need to show a good monthly income along with a large down payment.
You will also be able to get a credit card for people with fair credit.
Credit card banks consider a low 600 credit score to be a high risk and you will have to pay a higher APR starting at 19.9% and up.
You may be better off going with a secured credit card which can carry a lower APR but it can be used a credit builder when you need to build up your credit report due to past credit mistakes.
If you are not in a dire need of getting a car loan or credit card at this time you can work on building up your credit score for the next 6 to 12 months by paying all your bills on time and keeping your balances low and then begin applying.
So a credit score of 600, 610, 620, 630 or 637 is not a great credit score but you can still buy a car or get a credit card and you can work on building up your credit.
Then you can develop good payment habits and then build up your score and get a better credit card rate and refinance your car loan.
Access your absolutely free credit score instantly online with Credit Karma.
Credit Karma provides "truly" free credit scores to consumers with no sneaky trial subscriptions or up sells. CreditKarma is 100% free with no credit card required or even asked for. Now includes free daily credit monitoring.
http://www.bestfreecreditscores.com/freescore.php

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