
600 Credit Score: Is It Good Enough and How To Improve It?
A 600 credit score is considered ‘fairly okay’. However, it may limit you from qualifying for the best interest rates and loan offers. Being aware of its impact can help you make informed financial decisions.

If you’re asking, “Is 600 a good credit score range?” our blog has the answers.
The average credit score among low-income Americans is 658.
The median credit score for low-income Americans is 658. |
What Is a 600 Credit Score and Where Does It Stand?
As mentioned earlier, a 600 credit score falls in the fair range. It means you've handled credit fairly well but may have faced challenges like late payments or high balances. While this score helps you access loans and credit cards, lenders might view you as a moderate risk. As a result, you may get loans at a slightly higher rate and restricted credit limits.
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Try NowFactors Impacting Your 600 Credit Score
- Payment History (35%) – Late or missed payments negatively impact your score.
- Credit Utilization (30%) – Using too much of your available credit lowers your score.
- Length of Credit History (15%) – A shorter credit history may limit your score improvement.
- New Credit Inquiries (10%) – Too many hard inquiries from new credit applications can hurt your score.
- Credit Mix (10%) – Having a mix of credit types (credit cards, loans, mortgages) helps improve your score.
- Derogatory Marks – Collections, charge-offs, bankruptcies, and foreclosures drastically reduce your score.
- High Debt-to-Income Ratio – If your debts are too high compared to your income, lenders may see you as a risk.
- Closing Old Accounts – Closing old credit accounts can shorten your credit history and impact your score.
Pros and Cons of a 600 Credit Score
Knowing its pros and cons is essential, as they can greatly impact your financial options. Let’s dive into both aspects to help you make smarter decisions.
Pros | Cons |
Access to Credit: A 600 credit score allows you to qualify for various credit options, including credit cards, personal loans, and auto loans. Even though the interest rates may not be the most favorable. | Limited Options: A 600 credit score may not qualify you for the lowest interest rates or premium credit cards. As a result, the terms you receive may be less favorable than those offered to individuals with higher scores. |
Opportunity for Improvement: This score presents an opportunity to grow. By practicing good credit habits, like timely payments and debt management, you can steadily increase your score. | Higher Costs: Fair credit scores typically lead to increased interest rates, which can make borrowing more expensive in the long run. |
Financial Stability: Maintaining a 600 credit score shows financial awareness and stability. Ultimately it can pave the way for stronger financial prospects down the road. | Difficulty with Major Purchases: It restricts your borrowing options because it's difficult to obtain large loans, like mortgages or high-limit credit cards. |
Now that we’ve explored the essentials of a 600 credit score, let’s dive deeper into how it impacts your financial opportunities.
What Does a 600 Credit Score Help You Get?
Type of Credit | Do You Qualify? |
Credit Card | Yes |
Home Loan | Yes |
Auto Loan | Yes |
Personal Loan | Maybe |
0% Intro APR Credit Card | No |
We've outlined answers to common questions below, helping you understand the possibilities a 600 score can offer.
Can I Get a Credit Card With a 600 Credit Score?
With this credit score, you can obtain a credit card, but your options may be more limited compared to individuals with higher credit scores.
Credit Card Options You May Qualify For:
▪ Secured Credit Cards
These cards require a cash deposit, which acts as both your credit limit and security, making approval easier with a fair credit score. Moreover, it is great for you to rebuild your credit.
▪ Subprime Credit Cards
These credit cards are specifically for people with lower credit scores. However, they have higher interest rates.
▪ Standard Credit Cards
While approval for basic credit cards is possible, premium perks and low interest rates may still be out of reach.
Can I Get a Car Loan with a 600 Credit Score?
If your credit score is above 620, you’re more likely to secure a car loan with reasonable terms. But if you have a 600 score, you may need a down payment and a longer loan term of at least 48 months. Even though you have fair credit, lenders will still evaluate your financial situation, including income stability and credit history, before approving the loan.
Expected interest rates for financing a new or used car with a fair credit score:
Credit Score Category | Average Rate for Used Car | Average Rate for New Car |
601 to 600 | ±14.46% | ±9.59% |
Can I Get a Home Loan with a 600 Credit Score?
A credit score of 600 can influence your mortgage options and interest rates. Buyers in this range typically secure rates near 7.55%. But what home loan programs are accessible with this score? We’ve broken it down for you below.
✔ USDA Loan
A USDA loan is ideal for homebuyers looking to purchase in rural areas. With no down payment required and attractive interest rates, this loan makes homeownership more accessible. Eligibility depends on the property's location, and repayment terms can extend up to 33 or 38 years, depending on income.
✔ Conventional Loan
Because conventional loans aren’t backed by the government, they typically have stricter credit score requirements. However, they offer stability, as your monthly principal and interest payments remain fixed throughout the loan term, ensuring predictable expenses.
✔ FHA Loan
This loan is easily accessible, even for those who have low credit scores. If you have a 500 credit score, you can make a down payment of 10% and avail of this loan. Since these loans are conforming, they have set borrowing limits that adjust yearly based on regional living costs. This helps maintain affordability and accessibility.
✔ VA Loan
Exclusively available to veterans, active military personnel, and their spouses, VA loans provide several advantages, including no down payment, lower interest rates, reduced closing costs, and the absence of private mortgage insurance.
Home Loan Interest Rates with a 600 Credit Score
We’ve considered a $300,000 home loan in this scenario, but feel free to check interest rates for different loan amounts.
Type of Loan | Interest Rates |
USDA Loan | 5.50% |
Conventional Loan | 6.625% |
FHA Loan | 6.000% |
VA Loan | 5.875% |
Can I Get a Personal Loan with a 600 Credit Score?
Yes, you can qualify for a personal loan with a 600 credit score, and even lower scores may still be considered by some lenders. While many require a minimum score of 550, each lender has unique criteria. A 600 score improves approval chances, though APR may be between 7.80% - 35.99%. Adding a co-signer with a higher score and stable income could help secure better terms.
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Get StartedStrategies for Improving a 600 Credit Score
Smart financial habits pave the way for better opportunities. With the right strategies, you can boost your credit score and unlock better financial prospects.
Here are key steps to improve your credit score:
- Make timely bill payments
- Lower your credit card balances
- Review your credit report for mistakes
- Use a credit repair tool
- Avoid excessive new credit applications
- Pay down outstanding debt
- Request higher credit limits
- Diversify your credit mix
- Keep older credit accounts active
- Consider using a secured credit card
- Stay consistent and patient
Boosting your credit score above 600 opens the door to better interest rates on a variety of loans. Check out the table below to see how much you can save!

Conclusion
In conclusion, while a 600 credit score isn’t ideal, it serves as a strong foundation for building better financial health. By understanding its impact and making strategic moves, you can work toward greater financial stability.
Fortunately, CoolCredit makes this journey easier. This credit repair app offers AI-generated dispute letters, credit monitoring, progress tracking, and educational tools to help boost your score. Even you can use expert assistance based on your needs.
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FAQs
Q: Is a 600 Credit Score Considered Good?
A: A 600 credit score is considered fair, but it falls below the "good" range. While it may qualify you for loans, you may face higher interest rates and stricter approval conditions.
Q: What Are the Benefits of a 600 Credit Score?
A: A 600 credit score gives you access to loans, credit cards, and financing options, though with higher interest rates.
Q: Can I Get a Personal Loan With a 600 Credit Score?
A: Yes, you can get a personal loan with a 600 credit score, but the interest rates may be higher, and approval depends on the lender’s criteria. Adding a co-signer can improve your chances.
Q: Can I Get a Home Loan With a 600 Credit Score?
A: Yes, you can qualify for a home loan with a 600 credit score, particularly for FHA, VA, or USDA loans. However, you may face higher interest rates and stricter lending terms.
Q: Can You Get Anything With a 600 Credit Score?
A: Yes, a 600 credit score allows you to qualify for certain loans, credit cards, and financing options, but with higher interest rates and stricter terms.
Q: How Bad Is a Credit Score of 600?
A: A credit score of 600 is considered "fair" but falls below the ideal range for the best loan terms. While it’s not the worst, it may result in higher interest rates and stricter approval requirements.