What a 620-659 Score Means for Your Loan
A 620-659 credit score sits within the upper end of Equifax's Fair band (560-659). At 620-659, you're near the top of the Fair range, just below the threshold into Good (660+). Many lenders start extending noticeably better terms as scores approach 660, making this a good range to check multiple offers before committing. See our full credit score ranges guide to compare against other tiers.
What Lenders See at This Score
- Strong recent payment history with few or no recent delinquencies
- Utilization trending downward or already moderate
- Longer average account age improving overall risk profile
- Close to qualifying for Good-tier rates from some lenders
Typical Rates & Approval Odds
Offers at this level often start to approach Good-tier pricing, especially from lenders whose internal risk models weight recent behaviour heavily. It's worth comparing several lenders here, since pricing can vary more than at lower scores.
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
- You may be just a few points from Good (660) — check your report for quick wins like correcting errors or reducing a single high-utilization card.
- Keep your oldest account open and in good standing; it anchors your average credit age.
- Limit new credit applications right before applying for a loan, since recent inquiries are weighed more heavily this close to a tier threshold.
How to Apply at This Credit Level
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