Is 644 a good credit score?
FICO scores range from 300 to 850. As you can see below, a 644 credit score is considered Fair.
| Credit Score | Rating | % of population[1] |
| 300 – 579 | Poor | 16% |
| 580 – 669 | Fair | 17% |
| 670 – 739 | Good | 21% |
| 740 – 799 | Very Good | 25% |
| 800 – 850 | Exceptional | 21% |
644 Credit Score Credit Card & Loan Options
Many lenders choose not to lend to borrowers with scores in the Fair range. Your approval odds are going to be very low and your financing options are going to be very limited. With a score of 644 your focus should be on building your credit and raising your credit scores before applying for any loans.
One of the best ways to build credit is by being added as an authorized user by someone who already has great credit. Having someone in your life with good credit that can co-sign for you is also an option, but if you miss payments or default on the loan, it can hurt their credit.
Can you get a credit card with a 644 credit score?
Credit card applicants with a credit score in this range may be required to put down a security deposit. Applying for a secured credit card is probably your best option. However, they often require deposits of $500 – $1,000. You may also be able to get a “starter” credit card from a credit union that comes with a low credit limit and high interest rate.
Either way, if you are able to get approved for a credit card, it is vital that you make your payments on time and keep your balance below 30% of your credit limit.
See also: 7 Best Secured Credit Cards
Can you get a personal loan with a credit score of 644?
There are very few lenders who will approve you for a personal loan with a 644 credit score. However, there are some that work with bad credit borrowers. But, personal loans from these lenders come with high interest rates.
It’s best to avoid payday loans and high-interest personal loans as they create long-term debt problems and just contribute to a further decline in credit score.
To build credit, applying for a credit builder loan may be a good option. Instead of giving you the cash, the money is simply placed in a savings account. Once you pay off the loan, you get access to the money plus any interest accrued.
See also: 8 Best Personal Loans for Bad Credit
Can I get a home loan with a credit score of 644?
Conventional mortgage lenders will most likely decline your application with a credit score of 644 as the minimum credit score is around 620.
However, for those interested in applying for an FHA loan, applicants are only required to have a minimum FICO score of 500 to qualify for a down payment of around 10%. Those with a credit score of 580 can qualify for a down payment as low as 3.5%.
See also: 9 Best Mortgage Loans for Bad Credit
Can I get an auto loan with a 644 credit score?
Most auto lenders will not lend to someone with a 644 score. If you are able to get approved an auto loan with a 644 score, it will be very expensive. If you can raise your credit score, it will be much easier to get a car.
See also: 6 Best Auto Loans for Bad Credit
How to Improve a 644 Credit Score
Credit scores in the Fair range often reflect a history of credit mistakes or errors. Late payments, charges offs, foreclosures, and even bankruptcies. It’s also possible that you simply haven’t built credit at all. No credit is pretty much the same as bad credit.
It’s a good idea to grab a copy of all three of your credit reports from Equifax, Experian, and TransUnion to see what is being reported about you. If you find any negative items, you may want to hire a credit repair company such as Lexington Law to help you dispute them and possibly have them removed.
Lexington Law specializes in removing negative items. They have over 28 years of experience and have removed over 10 million negative items for their clients in 2018 alone.
They can help you with the following items:
- hard inquiries
- late payments
- collections
- charge offs
- foreclosures
- repossessions
- judgments
- liens
- bankruptcies
Where to Go from Here
It’s important to know which factors make up your credit score. As you can see in the image below, there are 5 factors that make up your credit score.
Pay down your balances and keep your credit utilization under 30%. It’s also wise to have a mix of installment and revolving accounts.
Of course, you also want to make sure you are making your payments on time from here on out. Even one late payment can be very damaging to your credit.
Length of credit history also plays an important role in your credit score. You want to show potential creditors that you have a long, positive payment history.
Building good credit doesn’t happen overnight, but by making the right moves, you can definitely speed up the process. Give Lexington Law a call for a free credit consultation at (800) 220-0084 and get started repairing your credit today! The sooner you start, the sooner you’ll be on your way to having good credit.