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First find out exactly why your score is 640 and try to increase it. You probably should apply for a secure credit card in order to build your credit score.

Below is a way of interpreting your credit score.

Given the current credit score stats, how does this relate to your own personal score? Generally, if your score is higher than 660, you will be considered a good credit risk. If your score is below 620, then you might have a tougher time getting a loan. The following ratings explain the impact of the different score ranges:

  • 720-850 - Excellent - This represents the best score range and best financing terms.
  • 700-719 - Very Good - Qualifies a person for favorable financing.
  • 675-699 - Average - A score in this range will usually qualify for most loans.
  • 620-674 - Sub-prime - May still qualify, but will pay higher interest.
  • 560-619 - Risky - Will have trouble obtaining a loan.
  • 500-559 - Very Risky - Need to work on improving your rating.
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Q: Can you get a credit card with a 640 credit score?
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Related questions

What is a average credit score?

An average score is between 640-679.


Can you get a loan with a 616 credit score?

Most lenders require at least a 640 credit score for a mortgage.


What does your credit score need to be to Get a mortgage through USAA?

640


Can a person with a 639 credit score get approved for a credit card?

I would definitely believe so, though there are different types of cards available and different charge limits based on credit score. However, for the most part it requires a 640 credit score (620 in some places) to obtain a home loan, so I don't see why there would be an issue in getting a credit card with a 639.


Is a score of 600 good credit?

No 640 plus is but you are getting close.


Is a 567 credit score good or bad?

A 567 credit score is not terrible but there is room for improvement. For loans a credit score around 620 Ã? 640 is fine, depending on the company.


What credit score do you need to get a credit card?

Below you will find an approximate example of what an issuer may use in regards to credit. One factor to consider is the rate will differ dramatically from a person with good credit and a person with bad credit. Credit rating and history will also affect the amount of credit that is given. Credit Score Rating Example Excellent - 720 - 850 Good - 680 - 720 Fair - 640 - 680 Poor - 350 - 640 No Credit - 300 - 349


What is Vanquis and can they help with credit scores?

vanquis is basicly a credit card company that will give you a credit card regardless of your credit score. you will be able to get a credit card and will allow you to get a better credit score


Does your credit score go down if you do not use your credit card?

Generally, no, your credit score will not be reduced if a credit card that you own is not being used. You don't, however, want to cancel the card - cancelling a credit card (whether voluntary or forced by the issuer) does reduce your credit score.


Is a credit score of 591 good?

It's bad-640 plus is good.


Can you get a home loan with a 640 credit score and 2 charge offs?

Yes, you can get a mortgage with a 640 credit score and four charge offs. Obviously, the better debt to income ratio, better credit score, and fewer negatives all help in securing the best loan possible for your situation.


How do you get your credit score without a credit card?

There's no need to have a credit card to get your credit score. You can use various web based services in order to get your credit score for free -- no credit card required. See the source links for links to sites that can help provide more information on checking your credit score.