By Dan Miller

A 570 credit score is considered “poor” and is significantly lower than the average credit score of 717. Borrowers with a 570 credit score may find it difficult to qualify for credit cards, mortgages, and other types of lending products. And if they are approved, it may only be for financial products with high interest rates and fees.

Learn what a 570 credit score means, what loan products you may qualify for, and ways to improve your score.

What Does a 570 Credit Score Mean?

As we mentioned, 570 is a poor credit score. A borrower with this score may have had issues managing their debt, or they could simply lack a credit history.

Here’s how FICO® Score — which is used in the vast majority of lending decisions — ranks credit scores. The higher the number, the better the credit score.

•   300-579: Poor

•   580-669: Fair

•   670-739: Good

•   740-799: Very good

•   800 or more: Excellent

It’s important to keep an eye on your credit score. Not only does it indicate how likely you are to pay back a loan or credit on time, lenders often use it when making lending decisions, such as for personal loans.

If you have a 570 credit score, lenders may see you as a risky borrower. You might find it challenging to qualify for lower interest rates and larger loan amounts. You might also have a difficult time getting approved for credit cards with lower APRs and attractive perks, like cash back.

What Else Can You Get with a 570 Credit Score?

A 570 credit score may negatively impact your ability to qualify for many loan programs or other types of credit. Let’s take a closer look at some different scenarios.

Can I Get a Credit Card with a 570 Credit Score?

While you may qualify for a credit card with a 570 credit score, your options might be limited. What’s more, some credit card issuers could also require you to pay extra fees or put down deposits on your card.

You may want to look into cards designed for applicants with lower credit scores. A secured credit card, for example, requires a security deposit that acts as collateral in case the cardholder defaults on their payments. When managed responsibly, these cards can be an effective way to build credit.

If you have high-interest credit card debt, a credit card consolidation loan could be worth exploring. You can transfer multiple balances to a single loan — ideally one with a better rate — which could reduce monthly payments and streamline bill paying.

Can I Get an Auto Loan with a 570 Credit Score?

Typically, you need a credit score of 600 to qualify for an auto loan, but some lenders may be willing to work with buyers who have a lower credit score. If you are approved for a loan with a 570 credit score, you could be charged a higher interest rate or have to put down a higher down payment than borrowers with better credit scores.

Can I Get a Mortgage with a 570 Credit Score?

Getting a mortgage with a 570 credit score isn’t impossible, but be prepared to have fewer options. You may also have to pay a higher interest rate and put down a larger deposit. For example, borrowers with a credit score as low as 500 might qualify for an FHA loan, but they’ll likely need to have a down payment of at least 10%.

Can I Get a Personal Loan with a 570 Credit Score?

It’s possible that you will be able to qualify for some personal loan options with a 570 credit score. However, as with other types of financial products, you may have fewer options to choose from than a borrower with a better credit score.

One of the main metrics lenders examine when reviewing a personal loan application is the applicant’s credit score. Typically, the lower your credit score, the more challenging it is to get approved for a loan. And if you are approved, you could pay higher interest rates.

A personal loan calculator can help you explore options for your specific financial situation and look for potential ways to save on interest.

How to Build Your Credit Score

If your credit score isn’t where you want it to be, there are steps you can take to improve it before you apply for a loan or credit card. Here are some credit-building strategies to consider:

•   Pay your bills on time.

•   Keep your credit utilization low.

•   Keep older accounts open.

•   Apply for new credit only when needed.

•   Regularly check your credit reports for errors and fix any inaccuracies you see.

The Takeaway

Is 570 a good credit score? According to FICO, it’s in the “poor” range. Many lenders use an applicant’s FICO Score as a major determining factor when deciding whether to approve a loan application. With a 570 credit score, you may be approved for some lending products, but you may be charged a higher interest rate and have less-desirable terms than borrowers with better credit scores. If your score is on the lower end, it may be a good idea to work on improving your credit score before you apply for a credit card or personal loan.

Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. See your rate in minutes.

By Jamie Cattanach

A 707 FICO® credit score is considered “good” and can open the door to a variety of credit and lending products, often at competitive rates. That said, a score of 707 is slightly below the average consumer credit score of 717 and sits below FICO’s top two credit tiers — “very good” and “exceptional.” Read on to learn what kinds of credit cards and loans you can get with a 707 credit score.

What Does a 707 Credit Score Mean?

A credit score is a three-digit number, typically between 300 and 850, that lenders use to assess how much risk you pose as a borrower. It’s calculated using information found in your credit reports, including your history of on-time payments, the total amount of available credit you’re using, the length of your credit history, and the various types of credit on your file. All of these factors are important to lenders, who (naturally) prefer to lend to borrowers with a proven track record of financial responsibility.

The FICO scoring model is the one most commonly used by lenders. Here’s how it breaks down:

•   300 to 579: Poor

•   580 to 669: Fair

•   670 to 739: Good

•   740 to 799: Very Good

•   800 to 850: Exceptional

A 707 score falls in the “good” credit range and signals to lenders that you are an acceptable borrower. You’ll likely have access to a range of loans and credit products, though not necessarily at the lender’s best-available terms. According to FICO, 21% of U.S. consumers have credit scores in the good range.

You may have good — rather than “very good” or “exceptional” — credit due to a short credit history, a few late or missed payments in the past, or a tendency to use a lot of your available credit. Late payments (30 days or more past due) appear in the credit reports of 29% of people with FICO Scores of 707.

Since 707 is on the lower end of the good range, you’ll want to be careful not to drop into the more limiting “fair” credit zone (580 to 669).

What Else Can You Get With a 707 Credit Score?

A score of 707 provides access to a broad array of credit products, including credit cards, auto loans, mortgages, and personal loans. Here’s a look at what you may be able to get in each category.

Can I Get a Credit Card With a 707 Credit Score?

You can likely qualify for a wide range of credit cards with a 707 credit score. While premium credit cards might require a higher score, many banks will offer travel, cash back, or points-based rewards cards to consumers with good credit. You might even be able to score a card with an introductory 0% annual percentage rate (APR) offer on purchases, balance transfers, or both.

With a range of options at your disposal, the key is finding the right card for your needs. If you plan to use a card for everyday purchases that you’ll pay off at the end of the month, you might consider rewards cards. If you’re looking to make a big-ticket purchase or a balance transfer that will take several months to pay off, you might be better off with a card that offers a low or 0% introductory APR for 18 or 21 months.

Keep in mind that lenders will also look at your income, employment history, and debt-to-income ratio (how much of your monthly income currently goes toward paying down debts) when you apply for a credit card.

Can I Get an Auto Loan With a 707 Credit Score?

A 707 credit score puts you in a good position for an auto loan. According to a report by Experian®, roughly 71% of cars financed in the third quarter of 2024 were for borrowers with credit scores of 661 or higher.

With good credit, lenders are likely to offer you competitive interest rates, though they may not be the lowest available. The average interest rates for new car loans in the third quarter of 2024 was 6.70% for buyers with scores between 661 and 780, and 5.08% for buyers with scores between 781 and 850.

To find the best possible deal on a 707 credit score car loan, it’s a good idea to shop around. Interest rates can vary widely among lenders, even for borrowers with the same credit score. Also consider making a higher down payment. This lowers the risk to the lender and can improve your loan terms, while also reducing the cost of your loan.

Recommended: 700 Credit Score: Is It Good or Bad?

Can I Get a Mortgage With a 707 Credit Score?

With a 707 score, you shouldn’t have difficulty getting a mortgage. Your score exceeds the minimum required for most types of home loans, including conventional loans (offered by private lenders), FHA loans (insured by the Federal Housing Administration), and USDA loans (guaranteed by the U.S. Department of Agriculture).

A jumbo loan, however, may be out of reach. These larger-than-average mortgages often require a 720 minimum credit score. If you need a large mortgage, it might be worth building your credit a bit more before applying. This should give you more loan options and help you get a lower rate.

When shopping for a mortgage, keep in mind that your credit score is one of several factors a lender will look at. Whether or not you get approved, and what the terms will be, will also depend on your income, job history, debt-to-income ratio (DTI), and size of your down payment.

Can I Get a Personal Loan With a 707 Credit Score?

Personal loans provide a lump sum of money that can be used for just about any purpose — including consolidating debt, making a significant purchase, paying for a wedding or vacation, managing unexpected expenses, or completing home repairs.

With a credit score of 707, you’re in a strong position to qualify for a personal loan. If you’re considering applying, keep these key points in mind:

•   Interest rate: Personal loans tend to have higher interest rates compared to mortgages and auto loans, since they’re typically not secured by collateral. Still, their rates are usually lower than credit card rates. A personal loan calculator can help you see how much you could save on your existing debt by paying it off with a personal loan.

•   Loan amount: Depending on the lender and your qualifications, borrowing limits can range from a few hundred dollars to $100,000. The amount you request may impact the lender’s decision on whether or not to approve you for a loan, so carefully evaluate how much funding you need.

•   Loan term: Repayment periods generally range from two to seven years. Shorter terms reduce the total interest you’ll pay over the life of the loan, while longer terms can lower your monthly payments.

To find the best personal loan for your needs, you’ll want to compare offers from at least a few lenders. Many lenders allow you to prequalify for a personal loan, which can give you an idea of the rates and terms you can expect without impacting your credit score.

The Takeaway

A 707 credit score is a strong financial metric that falls within the “good” range on the FICO scoring system. While it may not unlock the top-tier rates and perks reserved for “very good” and “exceptional” scores, it’s more than adequate for most borrowing needs, including credit cards, auto loans, mortgages, and personal loans.

Taking steps to further improve your credit profile (like paying your bills on time, not maxing out your credit cards, and aiming for a healthy mix of credit types), can help you access even better financial opportunities in the future.

Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. See your rate in minutes.

By Lauren Ward

A credit score of 611 does not qualify as good. That designation usually applies to scores between 670 and 739. A 611 score falls in the next lowest range known as fair, which is a notch above poor.

While you can still qualify for some forms of credit, such as credit cards and installment loans, with a 611 score, you will likely have to pay higher interest rates than people with higher scores. In addition, you may not have as flexible terms nor as rich rewards. Learn the details here.

What Does a 611 Credit Score Mean?

A credit score of 611 puts you in the fair category, which isn’t high enough to be considered good.

Credit scores commonly range from 300 (the lowest score possible) to 850 (the highest score). Here’s how the FICO® Score, a leading credit-scoring model, breaks down its credit categories:

•   Under 580: Poor

•   580-669: Fair

•   670-739: Good

•   740-799: Very good

•   800 or more: Exceptional or excellent

A 611 is on the lower end of the fair category. You would have to build your score to 670 to qualify as having good credit.

It’s also worth noting that the average American’s credit score is a 717 — over 100 points higher. This can be encouraging to know that many people have built their scores this high.

So what does this mean for people wondering if 611 is a bad credit score? The answer is that, while it’s better than a poor score, it’s below average, which means you may have a harder time qualifying for certain types of financing. And if you do qualify, you’ll pay a higher interest rate than if you had a higher score.

What Factors Cause a 611 Credit Score?

Credit scoring models look at five types of information on your credit report:

•   Payment history, meaning paying on-time

•   Amounts owed vs. credit limit

•   Length of credit history (being new to credit can negatively impact your score)

•   New credit requests (making numerous new credit inquiries over the past two years can pull your score down)

•   Credit mix, meaning if you have successfully managed different types of credit, such as both an installment loan and a line of credit, it can help build your score.

You can check your credit score for free on a regular basis. When you check your score with a credit service, you may also get personalized feedback on how to improve your number.

What Else Can You Get With a 611 Credit Score?

Different types of financing come with different types of credit score criteria. In general, you may face some challenges accessing credit with a fair score of 611. Here’s a breakdown of the most common types of loans, as well as credit cards, to give you a sense of how you can qualify with a 611 credit score and what kind of tradeoffs to expect.

Can I Get a Credit Card With a 611 Credit Score?

A 611 credit score could be enough to help you qualify for a credit card. However, a card you are approved for may have some drawbacks like a higher interest rate and a spending cap that’s below the average credit limit. What’s more, you likely won’t gain access to the perks that those with higher scores may enjoy, such as getting cash back and earning points.

When you apply for a credit card, your application is based on your credit score as well as a few other factors, including your income, debt-to-income ratio, and credit utilization. Using a credit card approval odds calculator can help you gauge what cards you might qualify for. That way, you don’t add extra inquiries to your credit report by applying for cards that are out of reach. Every hard inquiry takes about five points off your credit report for a few months or longer, and having too many can raise a red flag to creditors.

Here’s what you may qualify for:

•   An unsecured credit card, but you will likely have a less favorable interest rate and terms than would be offered to those with higher scores.

•   A secured card, which involves making a down payment that serves as the card’s credit limit. This can mean that you won’t be able to spend freely, but by paying your bill on time every month, you can build your credit score. In some cases, after paying bills by the deadline for a period of time, you may move up to an unsecured card.

•   A retail or store card. These only grant you credit at an individual store or chain of stores, but these cards give you the benefits of a card and, with responsible card use, can help you build credit (providing the issuer reports usage to the credit bureaus).

Keep in mind, however, that credit cards typically carry high interest charges, and with a fair credit score, you are probably going to face higher interest rates than those with better scores. Be sure you can repay what you owe: Paying the full balance monthly can allow you to avoid interest charges.

Another note: If you do access credit cards and then find that you are carrying significant credit card debt, you might consider a credit card consolidation loan. These allow you to transfer one or multiple lines of credit into an installment loan, often at a significantly lower interest rate.

Can I Get an Auto Loan With a 611 Credit Score?

Having a 611 credit score for a car loan shouldn’t stop you from financing your vehicle. This type of financing is secured by the vehicle itself, so there’s less risk to the lender. If a borrower defaults on payments, the lender can repossess the vehicle and sell it to cover the outstanding balance.

Even though you could qualify with a 611 credit score, you’ll have to pay a higher interest rate, which means you’ll pay more for the vehicle over time. An example: According to Experian, in a recent study, a person with a 611 credit score who was seeking a loan for a new car could expect to pay 9.83% interest rate, while a person with a 781 score would pay 5.25% interest.

The good news is that financing a car can help you build credit if you regularly make your payments on time. You also don’t have to worry about rate-shopping for an auto loan counting as multiple credit inquiries, which can lower your credit score. Lenders typically lump all auto loan inquiries from a 45-day period as a single item on your credit report. That’s because you’re probably not applying for several car loans at the same time; it’s more likely that you’re checking several options.

Can I Get a Mortgage With a 611 Credit Score?

Every lender has its own credit score criteria for different types of home loans, but typically, for a conventional loan, you need a credit score of 620 or higher.

While a 611 score doesn’t meet this requirement, there are three programs designed for homebuyers with lower scores.

•   FHA loan: To qualify for an FHA home loan with a 3.5% down payment, you’ll need at least a 580 credit score. So you can likely qualify for this with a 611 score. Borrowers with a 500 to 579 score may also still qualify. They’ll need a 10% down payment on the home.

•   USDA loan: Used for homes in designated rural communities, a USDA loan doesn’t have a firm minimum credit score. According to USDA guidelines, a borrower with a 611 credit score may need to provide additional documents, like housing payment history and references, as compared to those with higher scores.

•   VA loans: It can be harder to qualify for a VA loan with a 611 credit score, but it’s not impossible. This program for veterans, active service members, and surviving spouses, usually has a minimum score of 620. But some lenders may still approve a borrower with a lower score if they provide extra documentation.

No matter what kind of home loan you consider, the minimum credit score to buy a house can vary by lender. It can be wise to ask up front about preapproval and prequalification options as you consider the mortgage process.

Can I Get a Personal Loan With a 611 Credit Score?

A personal loan can provide access to a lump sum of cash to be used for almost any purpose, such as funding a vacation or paying off a medical bill. This popular option typically offers a fixed interest rate, which is often significantly lower than what you’d pay if you charged a purchase to your credit card. The term of the loan is usually between two and seven years, and the principal can be flexible, ranging from, say, $1,000 up to $100,000.

You may qualify for a personal loan with a 611 credit score, but you’ll probably pay higher interest rates than someone who has a higher score. On top of that, you may not be eligible for a large loan amount with that score and other factors, such as if you have a high debt-to-income (DTI) ratio. Your DTI represents how your monthly debt payments compare to how much you earn a month. If you already have lots of credit card debt with a high monthly minimum, or other payments like auto loans, student loans, and even your mortgage, you may have a high DTI.

The overall cost of borrowing is key when you’re considering a personal loan. Credit cards are convenient and useful for smaller, everyday amounts or purchases that might earn points. But even unsecured personal loans tend to have lower interest rates than credit cards, which can make them a good choice for larger expenses. And knowing you’ll have a fixed payment to make every month can help you stay disciplined and on track.

A personal loan calculator can help you compare different terms from various lenders, including interest rate, length of repayment term, loan amount, and the total cost of financing. That way you can work to keep your payments and interest as low as possible while also looking for the right loan amount for your financial needs.

The Takeaway

A credit score of 611 isn’t good. Rather, it’s considered fair, which is the category below good. With that score, you may find that access to credit is somewhat limited. The loans and lines of credit that are available likely have higher interest rates and less favorable terms than those offered to people with higher scores. If that doesn’t suit you, an option is to delay accessing credit until you have built your score and only then apply for credit cards, personal loans, and the like.

Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. See your rate in minutes.

By Jackie Lam

A 617 credit score isn’t good or bad — it’s considered “fair” in the FICO® scoring system. While you can access a range of credit and loan products with a 617 score, you probably won’t qualify for a lender’s most competitive rates.

Your fair credit may be the result of financial missteps in the past or the fact that you’re just starting out and don’t have much credit history. Either way, building your credit profile can open doors to more lending options, at more affordable rates.

Let’s dive into what a 617 credit score means and explore the possibilities it opens for credit cards, auto loans, mortgages, and personal loans.

What Does a 617 Credit Score Mean?

Credit scores, which generally range between 300 and 850, are designed to represent how likely you are to pay your bills on time. Creditors and lenders consider your scores as one factor when deciding whether to approve you for new credit and also the rate and terms for which you qualify.

There are many different types of credit scores and scoring models but the FICO scoring model is the one most commonly used by lenders. Here’s how it breaks down:

•   300 to 579: Poor

•   580 to 669: Fair

•   670 to 739: Good

•   740 to 799: Very Good

•   800 to 850: Exceptional

A 617 score falls in the “fair” zone and is below the average score of U.S. consumers, which is 717.

Lenders generally consider consumers with fair credit to be higher-risk borrowers. According to consumer credit bureau Experian®, 28% of consumers with credit scores in the fair range are likely to become seriously delinquent in the future. Some lenders aren’t at ease with those odds and will only extend credit to consumers with “good” or better credit. Other lenders will work with fair credit borrowers but charge relatively high rates and fees to manage the risk.

While many people share your credit score, everyone gets there on their own unique path. Some reasons why you may have a 617 credit score include:

•   Missed payments: Lenders want borrowers to pay on time, which is why payment history is the most significant factor in your credit score.

•   High credit utilization: Using a significant percentage of your available credit (aka, maxing out your credit cards) can have a negative impact on your credit score.

•   Short credit history: The average age of all your credit accounts, along with the age of your oldest and newest accounts, is a factor in credit scoring. A shorter credit history often correlates with a lower score.

•   Derogatory marks: Events like charge-offs (when a creditor considers a debt a loss and closes an account) or collections negatively impact your score.

Recommended: 620 Credit Score: Is It Good or Bad?

What Can You Get With a 617 Credit Score?

Your credit score significantly affects your ability to secure financial products. While a 617 score presents some challenges, it doesn’t shut you out of the market. Here’s what you can expect across different credit products, including credit cards, auto loans, mortgages, and personal loans.

Can I Get a Credit Card With a 617 Credit Score?

You can get a credit card with a 617 score, but your options may be limited. Some credit card options for fair credit borrowers include:

•   Secured credit cards: Secured cards can be a good choice for people who are working to establish or rebuild their credit. Unlike a traditional unsecured credit card, this type of card requires an upfront security deposit. The deposit then serves as collateral should you default on your debt. It also typically acts as your credit limit.

•   Unsecured credit cards for fair credit: Some lenders offer unsecured cards for fair credit, though they may include higher annual percentage rates (APRs).

•   Store credit cards: Retail credit cards usually have lower minimum credit scores and less stringent requirements than general credit cards. However, they might have higher interest rates and lower credit limits. And if it’s a closed-loop store card, it can only be used with that retailer and maybe with certain partners.

Can I Get an Auto Loan with a 617 Credit Score?

A 617 credit score can put you in the path of a car loan, but be prepared for higher interest rates. According to a third-quarter 2024 report from Experian, the average interest rate for borrowers in the 601-660 credit range was 9.73% for a new car loan and 14.07% for a used car loan. This was several points higher than rates for borrowers with the best credit scores (781-850), which were 5.08% and 7.41%, respectively.

Lenders may also cap the max loan amount (requiring a larger down payment) or offer shorter loan terms to minimize their risk exposure.

To get the best possible rate with a 617 credit score car loan, it’s a good idea to shop around. Compare offers from a variety of lenders, including banks, credit unions, and online lenders. Also consider adding a cosigner with a higher credit score — this can improve your approval chances and reduce your interest rate.

Can I Get a Mortgage with a 617 Credit Score?

Obtaining a mortgage with a 617 credit score is possible but can be challenging. Many lenders set minimum credit score requirements for specific mortgage products. For a conventional mortgage (which isn’t guaranteed by any government agency), you generally need a minimum credit score of 620.

However, some other mortgage options may be available to you, including:

•   FHA loans: Backed by the Federal Housing Administration (FHA), these loans are designed for borrowers with lower credit scores. With a score of 617, you may qualify with as little as a 3.5% down payment. These loans require mandatory FHA mortgage insurance, but can be a great option for fair-credit borrowers looking to buy a home.

•   VA loans: If you’re a veteran or active-duty service member, you could benefit from a VA loan backed by the U.S. Department of Veterans Affairs (VA). These loans often have no minimum credit score or down payment requirement. However, you’ll need to pay a funding fee ranging from 1.25% to 3.3% at closing.

If you’re working toward buying a house with fair credit, it’s a good idea to pay down any debts you already owe. This can not only benefit your credit but also improve your debt-to-income (DTI) ratio, which could help you qualify for a bigger mortgage.

Recommended: Best Types of Loans for Home Improvement

Can I Get a Personal Loan with a 617 Credit Score?

A personal loan gives you access to a lump sum of cash (anywhere from a few hundred dollars to $100,000) that can be used for virtually any purpose, including debt consolidation, a big-ticket purchase, emergency expenses, home repairs, or a wedding. These loans are typically unsecured (meaning no collateral is required) and have a fixed interest rate.

It’s possible to get approved for a personal loan with a 617 credit score, though you aren’t likely to get a lender’s best rates. Many personal loan lenders use a risk-based approach to pricing: If your credit score is fair, they may charge you a higher interest rate, along with an origination fee, to compensate for the added risk. Borrowers with fair credit may also qualify for smaller loan amounts and shorter loan terms compared to those with good or better credit.

To get the best possible deal on a personal loan for 617 credit, it’s a good idea to shop around. Many lenders allow you to prequalify online, which can give you an idea of what loans you are eligible for without hurting your credit.

Recommended: Personal Loan Calculator

The Takeaway

A 617 credit score is not ideal, but it’s not the end of the road. With this score, you have access to a range of financial products, though often at higher costs. By focusing on improving your credit habits — such as paying bills on time, reducing debt, and avoiding unnecessary hard inquiries — you can build your credit profile and unlock better financial opportunities in the future. Whether you’re looking for a credit card, auto loan, mortgage, or personal loan, careful planning and research can help you find the best options for your situation.

Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. See your rate in minutes.

By Jackie Lam

A 770 credit score is something to be proud of. It’s not just good but considered “very good” in the FICO® scoring model. It lands comfortably in the second-to-highest credit tier, just 30 points shy of the highest FICO rating, which is “exceptional” credit.

A 770 score can net you lower interest rates and more favorable terms on financing, such as a credit card, mortgage, car loan, or personal loan. We’ll walk you through how a 770 credit score can boost your power as a consumer and how to reap the benefits of having solid credit.

What Does a 770 Credit Score Mean?

A credit score is a three-digit number, typically between 300 and 850, that estimates how likely you are to repay a loan and make payments on time. Lenders and creditors use your credit score to decide whether to approve you for a new account, and to set interest rates and other terms.

A credit score of 770 falls within the Very Good range on the FICO scoring model, which has five credit tiers: Here’s how they break down:

•   Poor: 300 to 579

•   Fair: 580 to 669

•   Good: 670 to 739

•   Very Good: 740 to 799

•   Exceptional: 800 to 850

According to FICO, scores in the Very Good range are above the average of U.S. consumers and demonstrate to lenders that someone is a “very dependable” borrower. A 770 score is typically the result of timely bill payment and good credit management.

While the majority of lenders use FICO scores, some opt to use their own credit scoring models or VantageScore, a FICO competitor. With VantageScore, a 770 is considered a Good credit score, which is their second-to-highest tier and includes scores between 661 to 780. Their highest tier is called Excellent, which includes scores from 781 to 850.

What Else Can You Get With a 770 Credit Score?

A 770 credit score opens up a world of financial possibilities. Whether you’re in the market for a new credit card, mortgage, car loan, or personal loan, your very good credit rating can result in strong approval odds and competitive terms.

Can I Get a Credit Card With a 770 Credit Score?

Yes, a 770 credit score qualifies you for most credit cards. This includes rewards cards, cash-back cards, and even premium travel cards (with perks like access to airport lounges and travel insurance). In addition, you’re likely to receive a relatively high credit limit and favorable terms, enabling you to optimize your spending and earn more rewards. With a 770 score, you may also be able to snag a sign-up bonus or 0% introductory APR.

Note that some of the premium credit cards come with steep annual fees, so you’ll need to consider whether the benefits they offer are worth the cost. If you don’t travel often, you may be more than happy with a top rewards card with no annual fee.

Recommended: Personal Loan Calculator

Can I Get an Auto Loan With a 770 Credit Score?

The average credit score among Americans with car loans is 717. This means that if you have a score of 770, getting an auto loan shouldn’t be a problem. With your very good credit score, you should also have access to some of the lowest interest rates, reducing the overall cost of your loan.

Exactly what interest rate you can get with a 770 credit score will depend on the lender. According to Experian data, car buyers with scores between 661 and 780 paid, on average, 6.70% APR for a new-car loan and 9.63% APR for a used-car loan in the third quarter of 2024. Even better: Some auto manufacturers offer 0% financing for many new car models to “well-qualified” borrowers. While the definition of well-qualified varies by lender, it often includes those with a Very Good FICO score.

To find the best deal on a car loan, it’s a good idea to shop around for loan offers and compare rates from different lenders. Many lenders offer auto loan preapproval so you can lock in a rate before you shop for your car, which can be a useful bargaining chip with the dealer.

Can I Get a Mortgage With a 770 Credit Score?

A credit score of 770 puts you in the path of most types of home loans. The most common type of mortgage, a conventional loan, typically requires a FICO score of at least 620. A 770 score puts you comfortably over this requirement and can help you score a competitive interest rate and attractive terms.

With a 770 credit score, you’ll also likely have access to a jumbo home loan, which is a larger-than-normal-size mortgage that typically requires a 20% minimum down payment. Since these loans pose a higher risk to a lender, they typically require a credit score of 700 or higher.

Keep in mind that mortgage lenders will look at more than just your credit score when you apply for a home loan. They typically consider a range of criteria, including your debt-to-income (DTI) ratio and the size of your down payment.

Can I Get a Personal Loan With a 770 Credit Score?

The minimum credit score required for a personal loan varies by lender, but you typically need a score of 580 or higher to get approved. With a 770 credit score, you can likely qualify for a lender’s top interest rates, more flexible terms, and higher loan amounts. See if you can get preapproved online. That’ll give you an idea of your loan amount and interest rate with a particular lender and generally involves a soft credit check, which won’t impact your score.

Once you qualify, there’s a lot you can do with a personal loan. For example, you can use the proceeds from the loan (which can be anywhere from $1,000 and $100,000) to consolidate high-interest credit card debt, cover emergency expenses, pay for a wedding, fund a vacation, or cover home repairs or renovations.

The Takeaway

A 770 credit score is considered a very good score and should give you access to an array of credit and lending products. When a lender sees a 770 FICO score, they can feel confident that you are financially responsible and will make timely payments. As a result, you’re likely to get better credit and lending offers than someone with merely good or fair credit.

That said, a 770 credit score still lands below the highest credit tier (known as “exceptional” credit), indicating that there is still some room for improvement. Continuing to build your credit over time can open the door to lending products with even better terms in the future.

Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. See your rate in minutes.