Is A 660 to 669 Credit Score Good? Or Bad? (2020)


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By Mark B. Huntley, J.D.
Last Updated 3/6/2020


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Summary: Having a credit score between 660 and 669 has a wide range of affects on your options for auto loans, personal loans, credit cards and home mortgages. In most lending categories a 660 credit score is considered prime, good, or fair and you should be able to qualify for a loan with decent interest rates. 

Credit scores are used by lenders to help them estimate the possibility of the borrower not paying them back. 

Lenders will use all the information that is available to calculate their risk, which will determine the interest rates you are offered. 

However, where the line of good credit scores begins and ends fluctuates higher or lower based on the type of loan you are considering. 

Quick Article Guide

What can I do with a 660 to 669 credit score?

Credit scores range between 300 and 850, with 300 being the lowest and 850 being the highest. 

A 660 credit score is considered good for credit cards, prime for auto loans and fair credit for personal loans which opens up a lot of borrowing opportunities from all sorts of lenders. 

In the past your credit report may show reports of; late payments, charge-offs, bankruptcy, high utilization ratios, collections, and too many hard inquiries

If you have a credit score around 661, 663, 665, or 667, then you can be sure there are plenty of financing options! 

With that in mind, to answer, ‘Is A 660 to 669 Credit Score Good? Or Bad?’ for a particular loan type or how to improve it, we will address each individually.
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660 Credit Score - 661 Credit Score - 662 Credit Score - 663 Credit Score - 664 Credit Score - 665 Credit Score - 666 Credit Score - 667 Credit Score - 668 Credit Score - 669 Credit Score

With a prime or good credit score you should qualify for most credit cards and the preferred auto loan lenders.

This means better credit card rewards, lower interest rates, and sometimes customer perks. 

A 665 credit score or around there, should be enough to qualify for mortgage refinances or for a home mortgage to purchase a new house. 

Keep in mind that a credit score around 660, it is still considered fair credit when applying for a unsecured personal loan.

This means that you won't always qualify for a personal loan with some of the preferred lenders. 

While a 660 credit score isn't bad, there still is a lot of room for improvement and financial incentives for you to improve it. 

One quick fix we recommend is contacting our top-rated credit repair company for a free conversation about how they really can help you.

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Increase Your Credit by 100+ Points

In a recent study at Credit Knocks, we found that *48% of clients who used a credit repair company got a credit score increase of 100+ points.

Consultation is quick, easy, and free.

The great thing about a lower credit score is how quickly you can improve it by making just a little bit of effort.

Disclaimer: Credit Score Refers to "FICO Score"

When we say "credit score" in this article, we mean your FICO score.  If you have a free credit score (i.e. VantageScore from Credit Karma or Sesame), that does not likely equal your FICO.  For example, a 660 VantageScore could be a FICO score of... 651, 716, 787?  Who knows? There was a long period of time in 2019 where my TransUnion VantageScore was 120 points lower than my TransUnion  FICO credit score.  90% of Lenders use FICO scores, not the free (sometimes very inaccurate) VantageScore. You can get your FICO score here.

Can I Get A Car Loan With A Credit Score Of 660 To 669?

Auto loan rates by credit score are divided into five categories, with Super Prime being the highest and deep sub-prime the lowest.

This is where credit score terminology gets a bit confusing. 

660 credit score, 661 credit score, 662 credit score, 663 credit score, 664 credit score, 665 credit score, 666 credit score, 667 credit score, 668 credit score, 669 credit score

Car Loan Credit Score 660 - Credit Score 661 - Credit Score 662 - Credit Score 663 - Credit Score 664 - Credit Score 665 - Credit Score 666 - Credit Score 667 - Credit Score 668 - Credit Score 669

A 662, 664, 666, or 668 credit score can be referred to correctly by calling your score good credit or prime credit. 

Referring to your credit score by either of these two categories would be technically correct. 

Good credit or Prime credit are two names for the same credit score category. 

BUT, with auto loans, they don’t use the bad/excellent categories, because lenders break your credit score into the Prime categories. 

The reason auto lenders use the prime categories is that regardless of your credit score if you have a job, someone will probably give you a car loan, thus more categories to be able to distribute the lender’s risk better.

Auto Loan Credit Categories

Credit Score Range

Super Prime

780 - 850

Prime

660 - 779

Non - Prime

600 - 659

Sub - Prime

500 - 599

Deep Sub - Prime

300 - 499

Auto loans are considered secured loans because you use the actual vehicle as collateral for the loan. 

This allows lenders to offer to finance to people with credit scores that wouldn’t otherwise qualify for an unsecured loan based on their FICO score. 

While Super Prime and Prime credit scores will be good for the best auto loan rates by credit score, the premium charge for Non-Prime and Sub-Prime auto loan rates surprisingly isn’t that bad. 

Once your credit score starts nearing 500 and below, your auto loan options will significantly decrease with a deep sub-prime credit score

Having a prime credit score will allow you to qualify for good rates but maybe not the best rates. 

In fact, having a 665 credit score may not be enough to qualify for some of the preferred lenders more stringent financing guidelines. 

Still, you will have many excellent auto loan lenders fighting for your business with a 660 to 669 credit score. 

There are many excellent auto loan lender options that you can spend hundreds of hours reviewing… 

Or piggyback on our research and save yourself some time by reading our article on the Best Auto Loan Companies of 2020.

How To Get A Personal Loan With A 660 - 669 Credit Score

Personal loans are broken into four credit score categories, and to keep things confusing, they usually refer to them as excellent, good, fair, or bad/poor.

Personal Loan Credit Categories

Credit Score Range

Excellent

760 - 850

Good

690 - 759

Fair

580 - 689

Bad or Poor

300 - 579

Personal loans are the Swiss army knife of loans, capable of being accessed for an emergency, to consolidate debt, or even start a business. 

They can be used for a variety of reasons, the list below is just some of the more common uses for a personal loan:

  • Debt Consolidation
  • Pay Off Credit Cards
  • Car Purchases
  • Mortgage Down Payments
  • Home Improvement
  • Emergency Cash
  • Medical Bills
  • Education
  • Business Start-Up
  • Vacation
  • You name it!

Most personal loans are unsecured by any collateral and have lower interest rates than credit cards. 

Many people will look to a personal loan to consolidate their credit card debts at a much lower rate than their credit cards APR to save thousands of dollars.

With a 660 credit score, you will fall into the fair category for a personal loan which will open up a lot of great borrowing opportunities. 

660 credit score, 661 credit score, 662 credit score, 663 credit score, 664 credit score, 665 credit score, 666 credit score, 667 credit score, 668 credit score, 669 credit score

Personal Loan 660 FICO Score - 661 FICO Score - 662 FICO Score - 663 FICO Score - 664 FICO Score - 665 FICO Score - 666 FICO Score - 667 FICO Score - 668 FICO Score - 669 FICO Score

Personal loans can range from $1,000 to $100,000 with payment terms as short as six months and as long as seven years. 

People with an excellent and good credit score will receive the best rates because they are at a lower risk of not paying back the lender. 

As your credit score falls to fair and lower, the number of lenders willing to risk giving an unsecured personal loan dwindles. 

However, even with a bad credit score someone can still qualify for personal loans as large as $35,000 but at much higher rates. 

People with a 579 credit score or lower, may pay rates as high as 35% to 155%. It goes without saying that you should avoid high interest personal loans if at all possible. 

Keep in mind that Bad credit personal loans are usually also marketed as ‘installment loans,’ which have higher interest rates and payment terms between 6 months to 7 years. 

A bad credit personal loan with an APR rate of 100% will double in value each year if you have to take out a bad credit loan, take the smallest amount out possible for the shortest length of time. 

With a credit score in the 660 range you should qualify for much better rates than someone with a bad credit score but you may have to look around a bit more than someone with a good or excellent score. 

You may want to try and improve your credit score to 690 or higher which would result in you probably getting a much better interest rate. 

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Low Credit Score?

Get a free consultation with a credit repair expert to see how much they can help your credit score.

It's quick, easy, and free.

It is impossible to improve your credit score very quickly by contacting a credit repair company and discussing your credit file's history. 

Check out our review of the best personal loan companies of 2020 for fair credit.

Best Credit Cards For A 660 To 669 Credit Score

If your credit score is around 660 than you should qualify for most traditional credit cards.

There are a number of no deposit credit cards someone with good credit can choose from once your credit score hits around 661, 663, 665, or 667.

Credit Card Credit Categories

Credit Score Range

Excellent

750 - 850

Good

660 - 749

Fair

600 - 659

Bad or Poor

300 - 599

The great thing about a good credit score is you should qualify for some credit cards that offer reward programs. 

With a good credit score you should qualify for most of the rewards programs, including;

The most common reward programs given with a good credit score around 662, 664, 666, or 668, are the  cash back, travel, no interest, and no annual fee cards. 

With a good credit score expect to be offered 1% to 3% back in cash rewards with a low or no annual fee. 

If you choose to build credit to improve your credit score it will open more credit card opportunities that offer a wider range of rewards. 

Can I Get A Home Mortgage With a 660 to 669 Credit Score?

Generally speaking, you will need at least a 580 credit score to qualify for a home mortgage loan

This is because most mortgages are backed by Fannie Mae or Freddy Mac and if you credit score is too low they won't be able to package them for investment. 

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Home Loans 660 VantageScore - 661 VantageScore - 662 VantageScore - 663 VantageScore - 664 VantageScore - 665 VantageScore - 666 VantageScore - 667 VantageScore - 668 VantageScore - 669 VantageScore

Remember the mortgage crisis in the 2000's? 

That was partially caused because they accepted people with much lower credit scores and didn't verify important things like applicants income. 

HOME MORTGAGE LOAN TYPE

MINIMUM CREDIT SCORE REQUIRED

Conventional

620+

FHA

580+

VA

620+

USDA

640+

With a credit score around 662, 664, 666, 668, you may qualify for a conventional or FHA home loan if you have a stable job history with verifiable income, a low debt-to-income ratio, and a small down payment. 

You may also qualify for a VA or USDA mortgage but there are requirements outside of your control that may preclude you from being approved. 

With interest rates so low right now, it makes sense to be looking to get a home mortgage even with a 661, 663, 665, or 667 credit score. 

Home APR rates are so low right now that over 50 million people in the U.S. stand to save tens of thousands of dollars if they were to refinance their home mortgage

Best Home Mortgage Loan Rates With A 660 - 669 Credit Score

Mortgage Loans By Credit Score

Rates By Credit Score

660 Credit Score Home Mortgage Loan 

661 Credit Score Home Mortgage Loan

662 Credit Score Home Mortgage Loan

663 Credit Score Home Mortgage Loan

664 Credit Score Home Mortgage Loan

665 Credit Score Home Mortgage Loan

666 Credit Score Home Mortgage Loan

667 Credit Score Home Mortgage Loan

668 Credit Score Home Mortgage Loan

669 Credit Score Home Mortgage Loan

How To Improve My Credit Score?

I improved my credit score by almost 200 points in 90 days by purchasing the following credit-building tools. 

These tools will increase the key categories that will have the most significant effect on your credit history categories. 

#1: Apply for a Fingerhut Account

fingerhut logo

The first step I took was to apply for a Fingerhut Online Store Credit Card

Department store credit cards are an easy way to increase your revolving credit which accounts for 35% of your FICO credit score. 

Fingerhut credit cards are issued by WebBank and are known for giving unsecured credit to people with notoriously bad credit. 

Quick Note:


Your Fingerhut account won’t include an actual credit card because you can only use the credit to purchase items from their website.   

When I signed up for Fingerhut, I had a credit score of around 550, and they gave me a $1,000 credit. 

I have documented just about 100 points of credit score increase just from my Fingerhut account. 

One year later and I have a $2,900 credit limit, and all I do is make the minimum monthly payment, and they just keep giving me more credit. 

This is important because the more credit you have and do not use, the higher your credit score will increase. 

#2: Become an Authorized User

The second step I took was to be added as an authorized user to some of my family’s credit cards. 

You need to be careful when choosing which family members to ask because by being added as an authorized user, your credit history inherits the credit card credit history. 

The credit card you are added to must have a 100% positive credit history with no late payments or over the limit uses. 

Many people report that they have a hard time finding someone with a good credit card to be added as an authorized user. 

No problem, you can legally purchase an authorized user Tradeline online. 

To learn more, visit our Tradeline Supply Company Review.

Two other ways to quickly improve their credit score are by getting a Credit Builder Loan or having your Rent Reported to the three major credit bureaus. 

credit knocks logo

Increase Your Credit by 100+ Points

In a recent study at Credit Knocks, we found that *48% of clients who used a credit repair company got a credit score increase of 100+ points.

Consultation is quick, easy, and free.

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