
Good credit
Good credit scores of 680 or higher will improve your chances of being approved to borrow money. This score is determined by your borrowing history. Your credit score can be improved by paying your bills in full and punctually. You should also avoid maxing your credit cards, and keep your credit card balances to less than 30% of your available credit. Do not open too many credit lines at once. You should keep your older ones open.
Bad credit can result from poor money management or unexpected costs. Expenses such as job loss, car payments, and medical bills can all lead to debt. Your credit score should be between 620-679. You might still be able to qualify for a loan but the interest rate will probably be very high.

Fair credit
A credit score below 680 can make it difficult to be approved for a loan. You can improve your credit score to have a better future. It is important to understand how to raise your credit score. Although it can be difficult, it will pay off in the end.
With a fair credit score of 680, you can be approved for many types credit cards and loans. Your chances of approval increasing are higher and you will get approved for lower interest rates and terms. This score falls in the fair category, and is not at the top of the "Good” range. In fact, more than 35% have a credit score lower than 680.
By making timely payments, you can improve your credit score. Many issuers automatically check your credit limit after you make regular, on-time payments. Even if your credit score has been good, it may be difficult to get approved for credit cards with rewards programs. You can get cash back with some cards, but you need to have excellent credit.

It depends on your financial situation as well as the type of loan that you need to determine if you are eligible. Even if you have a fair credit score, you may be subject to higher interest rates and fees than people with better credit. If you are denied a loan because of your credit score, you can try to get answers to the reasons. You can also protect your rights.