If you’re hoping to buy a house or car or even get a new credit card, you’ll need to have good credit. A 644 FICO® Credit Score is considered “good.” In other words, you should still be able to qualify for most conventional loans and credit products.
A 644 score isn’t going to give you the best interest rates or terms. But 644 is by no means a bad score, especially when you compare it to the scores of other Americans. To get the best deals, you’ll need a score of 750 or higher.
If your 644 score is holding you back from getting the best offers, it may be time to take some steps to improve your credit. Paying off debts and maintaining a good credit history are both key factors in boosting your score. If you can improve your 644 score, you may be able to save money on interest rates and get better terms on loans and credit products.
What’s in a 644 Credit Score and how to improve it?
A 644 credit score is made up of a few different components. Here’s a breakdown:
- Payment history: 35%
- Credit utilization: 30%
- Length of credit history: 15%
- Credit mix: 10%
- New credit: 10%
As you can see, your payment history is the most important factor in your 644 credit score. That’s why it’s so important to always make your payments on time. If you have a history of late payments, it will be difficult to improve your 644 credit score.
Your credit utilization is also important. This is the amount of debt you have compared to your credit limits. It’s best to keep your credit utilization below 30%, which means you’re using less than 30% of your available credit.
If you have a 644 credit score, it’s likely because you have a good mix of different types of credit, including revolving credit (like credit cards) and installment loans (like auto loans). Having a mix of different types of credit is good for your score.
Lastly, new credit can also impact your 644 credit score. If you’ve recently applied for a lot of new credit, it can lower your score. So it’s important to only apply for new credit when you really need it.
What credit card can I get with a 644 credit score?
If you have a 644 credit score, you should be able to qualify for most credit cards. However, you may not get the best offers. To get the best terms, you’ll need a score of 750 or higher.
Auto loan rates for fair credit
If you have fair credit, you can still get a car loan, but it may not be at the best interest rate. That said, your interest rate will also depend on other factors like your income, employment history, and the amount of the loan.
If you’re looking to get the best rate possible, it’s a good idea to shop around and compare offers from different lenders. You can also try to improve your credit score before you apply for a loan.
Mortgage rates for fair credit
If you’re looking to buy a house with fair credit, you may be able to get a mortgage, but it may not be at the best interest rate.
What to do next?
So you have a 644 credit score. You’re not quite in the fair credit range, but you also don’t qualify for the best interest rates and rewards cards available.
Check out our other articles to learn more about how to improve your 644 credit score—and start enjoying the benefits!
