You are currently viewing 659 Credit Score: Understanding, Improving, and Leveraging Your Score

659 Credit Score: Understanding, Improving, and Leveraging Your Score

  • Post author:
  • Post last modified:July 7, 2024

Your credit score plays a crucial role in your financial life, influencing everything from loan approvals to interest rates. If you have a 659 credit score, you’re in a unique position – not quite in the “good” range, but not far from it either. This blog post will dive deep into what a 659 credit score means, its implications, and how you can improve it.

Skale Money Key Takeaways

  • A 659 credit score is considered “fair” and is just below the “good” range.
  • This score may limit some financial opportunities but still allows access to many credit products.
  • Improving your 659 credit score is possible with consistent effort and smart financial habits.

Understanding a 659 Credit Score

A 659 credit score falls within the “fair” range of most credit scoring models. To put this into perspective, let’s look at the general credit score ranges:

  • 300-579: Poor
  • 580-669: Fair
  • 670-739: Good
  • 740-799: Very Good
  • 800-850: Excellent

Table: 659 Score Comparison

Score RangeCategoryWhere 659 Fits
670-739GoodJust Below
740-850Very Good to ExcellentWell Below


  • Understand that your 659 score is on the cusp of “good” credit.
  • Recognize that small improvements can push you into a better category.
  • Don’t be discouraged; many lenders consider “fair” scores acceptable.

Factors Affecting a 659 Credit Score

Several key factors influence your credit score:

  • Payment history
  • Credit utilization
  • Length of credit history
  • Credit mix
  • Recent credit inquiries

Table: Factor Weight in Credit Score

Payment History35%
Credit Utilization30%
Length of History15%
Credit Mix10%
Recent Inquiries10%


  • Focus on improving the factors with the highest weight.
  • Consistently make on-time payments to boost your score.
  • Keep your credit utilization below 30% if possible.

Advantages of a 659 Credit Score

While not in the “good” range, a 659 credit score still offers some benefits:

  • Eligibility for many credit cards and loans
  • Better terms than those with poor credit
  • Potential for quick improvement with good habits

Table: Approval Odds with 659 Score

ProductApproval Odds
Secured Credit CardVery High
Store Credit CardHigh
Personal LoanModerate
Auto LoanModerate


  • Leverage your 659 score to access credit-building products.
  • Use secured credit cards responsibly to improve your score.
  • Consider becoming an authorized user on a family member’s card with good standing.

Challenges with a 659 Credit Score

A 659 credit score may present some obstacles:

  • Higher interest rates on loans and credit cards
  • Lower credit limits
  • Difficulty qualifying for premium rewards credit cards
  • Potential need for larger down payments

Table: Interest Rate Comparison

Credit Score RangeAverage Auto Loan RateAverage Credit Card APR


  • Shop around for the best rates, as they can vary by lender.
  • Consider improving your score before applying for major loans.
  • If approved, make timely payments to demonstrate creditworthiness.

Strategies to Improve a 659 Credit Score

To boost your 659 credit score:

  • Pay all bills on time, every time
  • Reduce credit card balances
  • Avoid applying for new credit unnecessarily
  • Keep old accounts open to maintain credit history length
  • Dispute any errors on your credit report

Table: Potential Score Improvement Timeline

ActionPotential Point IncreaseEstimated Time
Pay down credit card balances20-40 points1-3 months
Resolve a collections account50-100 points1-2 months
Establish a new credit account5-20 points6-12 months
Maintain perfect payment history60-80 points12-24 months


  • Be patient; credit score improvement takes time.
  • Focus on consistent, positive financial behaviors.
  • Consider using a credit monitoring service to track progress.

Impact of a 659 Credit Score on Loans and Credit Cards

With a 659 credit score, you can expect:

  • Access to many credit cards, but not premium rewards cards
  • Approval for personal loans, but with higher interest rates
  • Auto loan approval, potentially with larger down payment requirements
  • Possible mortgage approval, especially for FHA loans
  • Almost same category as a 645 credit score

Table: Typical Terms for 659 Score

ProductLikely Terms
Credit Card20-25% APR, $1000-$5000 limit
Personal Loan15-20% APR, up to $10,000
Auto Loan7-10% APR, 10-20% down payment
Mortgage4-6% APR, 3.5-10% down payment (FHA/Conv)


  • Compare offers from multiple lenders to find the best terms.
  • Consider secured credit cards or becoming an authorized user to build credit.
  • Save for larger down payments to offset the impact of your credit score.

659 Credit Score and Mortgage Options

A 659 credit score can still open doors to homeownership:

  • FHA loans are often accessible
  • Some conventional loans may be available
  • VA loans for eligible veterans
  • USDA loans for rural home buyers

Table: Mortgage Options with 659 Score

Loan TypeMin. ScoreTypical Down PaymentPMI Required?
Conventional6203-20%If <20% down
VANo min.0%No


  • Consider an FHA loan if conventional loans are challenging to obtain.
  • Save for a larger down payment to potentially offset your credit score.
  • Explore first-time homebuyer programs in your area.

Maintaining and Monitoring a 659 Credit Score

To maintain and improve your 659 credit score:

  • Set up automatic payments to ensure on-time payments
  • Regularly check your credit reports for errors
  • Keep credit utilization low
  • Avoid closing old credit accounts
  • Limit new credit applications
  • Aim for a higher credit score such as a 653 credit score.

Table: Credit Monitoring Services Comparison

ServiceFree Score UpdatesCredit Report AccessIdentity Theft Protection
Credit KarmaWeeklyTransUnion, EquifaxBasic
MyFICOMonthly (paid)All 3 BureausAdvanced


  • Use a mix of free and paid services for comprehensive monitoring.
  • Act quickly on any suspicious activity or errors you notice.
  • Regularly review your credit report to track your progress.


A 659 credit score puts you on the brink of “good” credit. While it may present some challenges, it also offers opportunities for improvement. By understanding the factors that influence your score and implementing smart financial habits, you can steadily increase your creditworthiness. Remember, every point counts, and with consistent effort, you can move into higher score ranges, unlocking better financial opportunities along the way.


How long will it take to improve my 659 credit score?

Improvement timelines vary, but you may see changes in 3-6 months with consistent positive actions.

Can I get a mortgage with a 659 credit score? 

Yes, especially through FHA loans, though conventional loans may also be possible with a larger down payment.

What’s the quickest way to boost a 659 credit score? 

Paying down credit card balances can have a relatively quick positive impact on your score.

Is a 659 credit score considered bad? 

No, it’s considered “fair” and is just below the “good” range, which starts at 670 in most models.

Can I get a credit card with a 659 score? 

Yes, many credit cards are available for this score range, though premium rewards cards may be out of reach.