What Can I Get With a 660 Credit Score?

A credit score represents an individual’s creditworthiness, influencing various aspects of their financial life. A 660 credit score indicates the types of financial opportunities available. Understanding this score is important for navigating credit products and other financial considerations.

Understanding Your 660 Credit Score

A 660 credit score is categorized as “Fair” across common credit scoring models like FICO and VantageScore. FICO scores range from 300 to 850, with a fair score falling between 580 and 669. VantageScore also uses a 300-850 range, classifying a 660 as “Fair” (601-660) or “Near Prime” (601-660). This designation suggests a moderate level of credit risk to lenders, indicating that while an individual can manage debt, their credit profile could be strengthened.

While a 660 score is not considered “Good” or “Excellent,” it remains within an acceptable range for many lenders. It indicates a borrower has demonstrated some responsible financial behaviors, though perhaps with past issues like late payments or high credit utilization. Improving this score can lead to more favorable terms and broader financial opportunities.

Accessing Major Credit Products

A 660 credit score allows access to various major credit products, though terms and conditions may differ compared to those offered to individuals with higher scores. Lenders assess credit scores to gauge risk, and a “Fair” score means higher interest rates or less ideal terms.

For personal loans, a 660 credit score allows for approval, though interest rates may be higher than for borrowers with better credit. Annual Percentage Rates (APRs) on personal loans can range from approximately 6% to 36%. Borrowers with fair credit, including a 660 score, might see APRs averaging around 29.69% to 30.04% as of May 2025. Some lenders specifically cater to this credit tier, with minimum credit score requirements of 660 for personal loans.

For auto loans, a 660 score falls into the “Near Prime” category. As of the first quarter of 2025, the average APR for new car loans for individuals in the 601-660 credit score range was about 9.83%, while for used car loans, it was approximately 13.74%. These rates are higher than for prime or super prime borrowers, reflecting increased perceived risk. Lenders may offer different terms based on the vehicle’s model year and loan duration.

For mortgages, a 660 credit score can qualify for certain loan types, particularly government-backed options. Federal Housing Administration (FHA) loans, for example, require a minimum FICO score of 580 for a 3.5% down payment. Conventional loans require a minimum score of 620, but a score of 670 or higher is needed to secure the best rates. While a 660 score may allow for conventional loan approval, interest rates might be less favorable.

Credit cards are also available for individuals with a 660 credit score, often categorized as “fair credit” cards. These may include general-purpose cards, some of which are secured credit cards requiring a security deposit, or unsecured cards with higher annual fees or interest rates. Secured cards can be a valuable tool for building or rebuilding credit, as the deposit often serves as the credit limit. While these cards may not offer extensive rewards programs, they provide an opportunity to demonstrate responsible credit management.

Other Financial Considerations

Beyond traditional lending products, a 660 credit score can influence various other financial aspects of daily life. Landlords review credit reports as part of their tenant screening process. While there is no universal minimum credit score for renting, a 660 score might lead some landlords to request a higher security deposit or require additional documentation, as it indicates a moderate level of financial risk.

Utility service providers, such as those for electricity, gas, or internet, may also conduct credit checks. A lower credit score, including a 660, could result in a security deposit requirement before services are connected. These deposits, which can range from $100 to $250, are intended to mitigate the risk of non-payment. Some utility companies might also consider past payment history with other providers when determining deposit requirements.

For cell phone contracts, providers run a credit check to assess a customer’s creditworthiness. While there isn’t a strict minimum credit score, a 660 score might influence the types of plans or devices available, or it could necessitate a security deposit. A history of late payments can negatively affect these outcomes.

Insurance premiums, particularly for auto and home insurance, can also be influenced by credit-based insurance scores. Insurance companies use these scores, derived from credit history, to determine premiums. A 660 credit score may result in higher premiums compared to individuals with higher scores, as credit-based insurance scores correlate with the likelihood of filing claims. Some states, however, have regulations that limit or prohibit the use of credit scores in setting insurance rates.