What Is a Fair Credit Score?

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If you have a fair credit score, your FICO score is between 580 and 669. Overall, FICO scores range from 300 to 850. The average score in the U.S. is 716, which is considered a good credit score. Now, that does mean that your fair credit score is below the national average, but don’t let that discourage you.

Instead, think of your fair credit score as a necessary pit stop on your way to the land of good credit. Once you understand the credit score ranges and how scores are calculated, you’ll know what it takes to improve your score.

According to FICO, a fair credit score means that lenders view you as having a medium-high risk of delinquency, which means that around 28% of consumers with fair credit scores are likely to become delinquent. When you have a fair credit score, you have a more difficult time getting approved for credit. And when you do get approved, your interest rates are on the high side.

Take comfort in knowing that when you make it into the mid-660s, you’re very close to leaping into prime territory (around 670). You still won’t get the deals that someone with excellent credit gets, but you’ll be more likely to get approved for credit. And, of course, you’ll get better rates than you’d get in the lower range of the fair credit category.

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