Fair Credit

Is 640 a Good Credit Score?

A 640 credit score is Fair and approaching the Good credit range. You have decent access to credit but are still paying above-average rates. You're 30 points from Good credit.

Last Updated: March 2026 WiseIQ Editorial Team

640

Fair Credit

FICO Score Range: 300–850

300850

Browse Credit Scores

580 600 620 640 660 680 700 720 740 760 780 800 850

Score Tier

Fair Credit

Grade

C+

Better Than

40% of Americans

What You Qualify For with a 640 Credit Score

Credit Cards

Good selection of unsecured cards. Some cash back cards available. Still no premium rewards cards.

Personal Loans

Most lenders accept 640+. Rates of 10%–22% APR typical. Marcus and Happy Money accept 640.

Auto Loans

Strong access. Rates of 7%–14% APR typical at 640.

Mortgage

Conventional loans available. Rates are above average but manageable.

HELOC

Most HELOC lenders accept 640+. Rates will be near the high end of their range.

Savings Account

Any bank — credit scores don't affect savings account eligibility.

Best Financial Products for 640 Credit Score

Credit Cards for 640 →Personal Loans for 640 →Savings Accounts for 640 →HELOC for 640 →

What's Holding Your Score Back

One late payment within the last year
Credit utilization in the 30%–50% range
A collection account that's 3–5 years old
Average credit age under 3 years
Only one or two credit accounts

How to Improve a 640 Credit Score

You're 30 points from Good credit — push hard

670 is the threshold where rates drop significantly. A focused 6-month effort can get you there.

Pay every bill on time for 6 consecutive months

Payment history is 35% of your score. Six months of perfect payments builds serious momentum.

Get your utilization below 10%

The difference between 30% and 10% utilization can be 20–30 points. This is the fastest lever you have.

Consider a credit-builder loan

Self Financial offers credit-builder loans that report to all 3 bureaus. $25–$150/month builds both savings and credit history.

Don't apply for new credit

Each hard inquiry costs 5–10 points. Stay put for 6 months and let your score grow.

Timeline: From 640, reaching 670 typically takes 3–6 months with focused effort. Reaching 700 takes 9–15 months.

Frequently Asked Questions

Is 640 a good credit score?

640 is Fair, not Good. You're 30 points from the Good credit threshold (670), which is a meaningful milestone. At 640, you qualify for most credit products but pay above-average rates. A focused 3–6 month effort can push you into Good credit territory.

What personal loans can I get with a 640 credit score?

With a 640 score, you can qualify for Marcus by Goldman Sachs (640+ minimum), Happy Money/Payoff (640+), and Avant (580+). Expect rates of 10%–22% APR. Avoid lenders charging above 36% APR, which is the threshold most consumer advocates consider predatory.

How much does a 640 vs 700 credit score cost you?

On a $25,000 auto loan over 5 years: at 640 (est. 10% APR), you pay $6,748 in interest. At 700 (est. 6% APR), you pay $3,999 in interest. That's $2,749 saved by improving 60 points. On a $300,000 mortgage, the difference can exceed $30,000 over 30 years.

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