
Credit rating:
Your chances of getting approved will go up if you have 680 credit points. Your borrowing history determines your score. By paying your bills on-time and in full, you can improve your credit score. You should also avoid maxing your credit cards, and keep your credit card balances to less than 30% of your available credit. Also, avoid opening too many credit accounts at once. Instead, keep the ones you have open.
Bad credit often results from poor money handling or unexpected expenses. Bad credit can be caused by job loss, unpaid car payments, or medical expenses. You may be eligible for a loan if your credit score is between 679-679. However, the interest rate will likely be high.

Fair credit
It can be difficult to get approved for loans or credit cards if your credit score falls below 680. There are many ways to improve your credit score and make a better financial plan. It is important to understand how to raise your credit score. It can be confusing at first, but the results will be worth it.
A fair credit score of 680 allows you to qualify for many types of loans and credit cards. You will have better chances of being approved and can get better terms and lower interest rates if your credit score is higher. However, this score is on the lower end of the "Good" range and falls into the fair range. Surprisingly, 35% of consumers have a credit rating below 680.
Regular on-time payments can help you improve your score. After a set period of regular payments, many issuers will automatically reduce your credit limit. Even if you have a fair credit score, you may find it difficult to get approved for a credit card with a rewards program. Although you can find some cards that earn cash back, most rewards programs require excellent or better credit.

Whether or not you qualify for a loan depends on your financial situation and the type of loan you need. Even if your credit score falls below a certain level, you could be charged higher interest rates and fees than those with better credit. You can request information to determine the reason you are not approved for a loan. You can also take steps for your rights to be protected.