Who Has a 584 Credit Score?

While age isn't a direct factor in calculating your credit score, there is a clear trend of scores increasing over time. According to 2023 data from Experian, here is the breakdown of average FICO scores by generation:

• Generation Z (ages 18-26): 680
• Millennials (ages 27-42): 690
• Generation X (ages 43-58): 709
• Baby Boomers (ages 59-77): 745
• Silent Generation (ages 78+): 760

Credit Cards With a 584 Credit Score

A credit score of 584 places you in the "fair" credit category, which can present some hurdles when applying for a new credit card. Lenders generally view scores in this range as a higher risk, meaning you may not qualify for premium rewards cards or those with the most favorable terms. Consequently, your options will likely be geared towards secured cards, which require a cash deposit, or specific unsecured cards designed to help you build credit.

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Kudos offers a personalized approach to finding the right credit card, using AI-powered tools to match your preferences against a database of nearly 3,000 options. The platform provides transparent recommendations based on your financial goals and even offers insights into how a new card might impact your credit, helping you make an informed decision.

Auto Loans and a 584 Credit Score

A credit score of 584 places you in the subprime lending category, which means you can still get an auto loan but will face significantly higher interest rates. This higher rate results in a larger monthly payment and a more expensive loan over its full term.

According to a 2025 analysis using Experian data, here is how average auto loan rates break down by credit score:

• Super-prime (781-850): 5.25% for new cars and 7.13% for used cars
• Prime (661-780): 6.87% for new cars and 9.36% for used cars
• Non-prime (601-660): 9.83% for new cars and 13.92% for used cars
• Subprime (501-600): 13.18% for new cars and 18.86% for used cars
• Deep subprime (300-500): 15.77% for new cars and 21.55% for used cars

Mortgages at a 584 Credit Score

With a 584 credit score, your mortgage options are limited but not nonexistent. This score is typically below the 620 minimum for a conventional loan, but it meets the criteria for an FHA loan. According to FHA loan guidelines, borrowers with a score of 580 or higher can qualify with a down payment as low as 3.5%. While some VA or USDA lenders might consider your application, most prefer scores above 620.

A lower credit score directly impacts your loan terms. You can expect to face higher interest rates, potentially costing you thousands more over the life of the loan. For an FHA loan, you will also have to pay higher mortgage insurance premiums. Lenders will likely subject your application to stricter underwriting, meaning they will scrutinize your overall financial health more closely before granting approval.

What's in a Credit Score?

Figuring out what goes into your credit score can feel like trying to solve a complex puzzle, but it generally boils down to a handful of key elements. The most common factors include:

• Your history of making payments on time is the most significant factor.
• How much of your available credit you're currently using, known as your credit utilization ratio, plays a major role.
• The age of your credit accounts, including the average age and the age of your oldest account, is also considered.
• Lenders like to see that you can responsibly manage different types of credit, such as credit cards and loans.
• Opening several new credit accounts in a short period can be seen as a risk and may temporarily lower your score.

How to Improve Your 584 Credit Score

Improving your credit score is an achievable goal that requires consistent, positive financial behaviors. By focusing on a few key areas, you can begin to rebuild your creditworthiness and unlock better financial opportunities.

• Monitor your credit reports. Regularly checking your reports allows you to spot and dispute any errors that could be unfairly dragging down your score. This also helps you track your progress and stay motivated as you work to improve your credit.
• Set up automatic bill payments. Your payment history is the single most important factor in your credit score, so making on-time payments is the most effective way to build a positive record. Automating payments ensures you never miss a due date, which is crucial for recovering from past missteps.
• Reduce your credit utilization ratio. Lenders view high balances as risky, so paying down your debt to get your utilization below 30% is critical. This demonstrates responsible credit management and can provide a significant boost to a poor score.
• Apply for a secured credit card. A secured card is an excellent rebuilding tool for those with damaged credit, as it requires a small security deposit and reports your payments to the credit bureaus. This helps you establish the positive payment history needed to improve your 584 score over time.

As you work on these steps, consider using a tool like the Kudos browser extension to help you maximize rewards and make smarter credit decisions.