Who Has a 655 Credit Score?

Credit scores tend to increase with age, and the average score varies significantly across different demographics. Based on 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 655 Credit Score

A credit score of 655 places you in the "fair" credit range, which can be a mixed bag when applying for new credit cards. While you'll likely find lenders willing to approve your application, your options may be limited compared to those with good or excellent credit. You might have to look at cards specifically designed for this credit tier, which could mean higher interest rates or the need for a security deposit.

‍

Services like Kudos can simplify the search with AI-powered tools that deliver personalized credit card recommendations based on your unique financial profile. These tools analyze your preferences and spending habits to match you with the best options from a database of nearly 3,000 cards, even providing insights on potential credit score impacts.

Auto Loans and a 655 Credit Score

A 655 credit score places you in the non-prime borrower category, so while you can likely get an auto loan, you will not qualify for the best terms. You should expect to pay a higher interest rate than borrowers with stronger credit, making your loan more expensive over its lifetime.

According to a 2025 analysis of Experian data, average auto loan rates break down as follows:

• 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 655 Credit Score

A 655 credit score puts you in a solid position to qualify for several major mortgage types. Your score is above the typical minimums for conventional, FHA, VA, and USDA loans, opening up a variety of financing options, including programs with low down payments. However, you likely won't qualify for a jumbo loan, as those generally require a score of 700 or higher.

While you'll likely be approved, a 655 score will affect your loan terms. Lenders consider this a moderate risk, so you can expect higher interest rates than borrowers with excellent credit. You may also face higher Private Mortgage Insurance (PMI) premiums on a conventional loan if you put down less than 20%.

What's in a Credit Score?

Understanding your credit score can feel like trying to solve a complex puzzle, as it's a blend of several key financial habits. The most common factors that determine your score include:

• Your payment history tracks whether you have paid past credit accounts on time.
• Credit utilization is the percentage of your available credit that you are currently using.
• The length of your credit history considers the age of your oldest account and the average age of all your accounts.
• Credit mix refers to the variety of credit products you have, such as credit cards, retail accounts, and loans.
• New credit inquiries and recently opened accounts can also temporarily impact your score.

How to Improve Your 655 Credit Score

No matter your current standing, improving your credit score is an achievable goal that requires consistent, positive financial behaviors. With a 655 score, taking a few key steps can put you on the path to better loan terms and credit card approvals.

• Monitor your credit reports. This allows you to spot and dispute any inaccuracies that might be dragging your score down, while also helping you track your progress.
• Establish automatic bill payments. Since payment history is the most significant factor in your score, ensuring you pay on time, every time, is a powerful way to build a positive record.
• Reduce your credit utilization ratio. Aim to use less than 30% of your available credit, as this shows lenders you can manage your debt responsibly and aren't overextended.
• Become an authorized user. By being added to an account with a long, positive payment history, you can benefit from their good habits and potentially give your score a quick boost.

You can also use tools like the Kudos browser extension to help you maximize your credit card rewards as you build better financial habits.