Is a 650 credit score good enough to buy a car?

Yes, a 650 credit score is enough to qualify for a car loan. However, be prepared to potentially pay quite high interest rates.

Can you get a personal loan with a 650 credit score?

Yes, you can get a personal loan with a 650 credit score. If you get rejected by traditional lenders like banks and credit unions, you can always turn to online lenders who specialize in offering fair credit loans.

What are the best personal loans for a 650 credit score?

The best personal loans for fair credit applicants are offered by a number of online lenders, such as RocketLoans, Upgrade, and Figure. Do careful research to find the optimal solution for your financial needs.

What are some of the ways to improve a fair credit score?

Paying your bills in full and on time is the most important practice that will help you improve a fair credit score. In addition, keep your credit utilization ratio below 30%, avoid closing old credit accounts, and minimize the number of new credit applications.

What credit card can I get with a 650 credit score?

Most financial institutions accept credit card applications from borrowers with a credit score of 650 or higher. This means that you can get a variety of credit cards.

About the Authors

Tetiana Sitiugina-Babiuk

Written by: Tetiana Sitiugina-Babiuk

Financial Sector Specialist and Content Strategist

Independent writer, content strategist, and financial sector specialist. Tatiana has an extensive experience in working with financial institutions such as Bank of Canada and Risk Management unit at FinDev Canada. She holds an MA in Financial Risk Management from the University of Toronto.

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Kal Salem

Fact-checked by: Kal Salem

MA Accounting - Arizona State University

A CPA and finance professional working with small businesses to educate owners and grow alongside their businesses. He holds a Masters in Accounting and a BS in Supply Chain Management. Owner at Salem CPA Services LLC.

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