What a 580-619 Score Means for Your Loan
A 580-619 credit score sits within the lower half of Equifax's Fair band (560-659). A score of 580-619 falls solidly within Equifax's Fair range. This is a meaningful step up from Poor — most personal loan lenders will consider an application at this level, though you're unlikely to qualify for the lowest advertised rates yet. See our full credit score ranges guide to compare against other tiers.
What Lenders See at This Score
- Consistent recent payment history, even with some past issues
- Moderate credit utilization, generally not maxed out
- A reasonable, established credit history length
- Debt-to-income ratio becomes a bigger factor in approval decisions
Typical Rates & Approval Odds
Expect mid-range APRs from our lender network — better than the Poor tier, but above what Good or Very Good scores typically unlock. Most applicants in this range see approval within minutes.
Eligibility Requirements
- 18 years or older (19 in BC, NB, NL, NS, NT, NU, and YT)
- Canadian citizen or permanent resident
- Valid Social Insurance Number (SIN)
- Active bank account in your name
- A regular source of income
Tips to Improve Your Score
- Reducing balances on revolving credit is usually the fastest way to move up from Fair to Good.
- Making all payments on time for 6+ consecutive months has a compounding positive effect at this score level.
- Avoid opening several new accounts in a short window — it can temporarily pull your score back down.
How to Apply at This Credit Level
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