Is 598 a Good Credit Score? Everything You Need to Know


When it comes to your financial health, your credit score plays a pivotal role. A credit score is like your financial report card, influencing your ability to secure loans, get favorable interest rates, and even rent an apartment. In this article, we will delve deep into the question: "Is 598 a good credit score?" We'll explore what a credit score is, how it's calculated, and what you can do to improve it. So, let's embark on this journey to financial enlightenment.

What Is a Credit Score?

Your credit score is a three-digit number that summarizes your creditworthiness. Lenders, landlords, and even employers use it to assess how reliable you are with credit and financial obligations. It typically ranges from 300 to 850, with higher scores indicating better creditworthiness.

Understanding Credit Score Ranges

  • 300-579: Poor
  • 580-669: Fair
  • 670-739: Good
  • 740-799: Very Good
  • 800-850: Excellent

Is 598 a Good Credit Score?

A credit score of 598 falls into the "Fair" range. While it's not considered "good" or "excellent," it's also not in the "poor" category. Here's what it means:

  • You may qualify for some loans but with higher interest rates.
  • Mortgage approval might be challenging, and if approved, you may face steep rates.
  • Credit card applications may be approved but with lower credit limits.

It's crucial to understand that your credit score is not static. It can change over time based on your financial behaviors.

Factors Affecting Your Credit Score

Several factors influence your credit score, and understanding them can help you improve it.

1. Payment History

Your payment history is the most significant factor affecting your credit score. It tracks whether you pay your bills on time, including credit cards, loans, and other debts. Consistently late payments can have a negative impact.

2. Credit Utilization

Credit utilization measures how much of your available credit you use. High utilization rates can lower your credit score. Experts recommend keeping your utilization below 30%.

3. Length of Credit History

The length of your credit history matters. Longer histories tend to be more favorable. It's a good reason not to close old credit accounts, even if you don't use them often.

4. Credit Mix

Lenders prefer to see a mix of credit types, such as credit cards, installment loans, and mortgages. This demonstrates responsible credit management.

5. New Credit Inquiries

Each time you apply for new credit, a hard inquiry is made on your credit report. Too many inquiries in a short period can hurt your score.

How to Improve Your Credit Score

If you have a credit score of 598 and want to move into a higher credit category, there are steps you can take.

1. Pay Your Bills on Time

Consistently paying your bills on time is the most effective way to boost your credit score. Set up reminders or automatic payments to avoid missed due dates.

2. Reduce Credit Card Balances

Paying down credit card balances can have a rapid positive impact on your credit utilization ratio.

3. Avoid Opening Too Many Accounts

Resist the temptation to open multiple credit accounts in a short period. This can raise red flags for lenders.

4. Check Your Credit Report

Regularly review your credit report for errors or inaccuracies. Dispute any discrepancies promptly.

5. Keep Old Accounts Open

As mentioned earlier, maintaining older credit accounts can positively impact your credit history's length.


Q: Can I get a mortgage with a credit score of 598?

Yes, it's possible, but you may encounter challenges and higher interest rates. Consider working on improving your credit score before applying for a mortgage.

Q: Will my credit score improve if I pay off all my debts at once?

Paying off debts is beneficial, but the impact on your credit score may not be immediate. It takes time for these changes to reflect positively.

Q: How long does it take to raise a credit score from 598 to 700?

There's no fixed timeline, as it depends on your individual financial situation. With consistent positive financial behavior, it could take several months to a few years.

Q: Does checking my own credit score affect it negatively?

No, checking your own credit score is considered a "soft inquiry" and doesn't impact your credit negatively.

Q: Can a good credit score compensate for a low income?

While a good credit score is essential, lenders also consider your income and other financial factors when making lending decisions.

Q: Should I hire a credit repair agency to improve my credit score?

It's not necessary. You can take steps to improve your credit score on your own by managing your finances responsibly.


In the world of finance, a credit score of 598 is a signal to tread carefully. While it's not a terrible score, there is room for improvement. By following the tips outlined in this article and being vigilant about your financial habits, you can steadily increase your credit score and secure better financial opportunities. Remember, your credit score is a reflection of your financial responsibility, so make it a priority to maintain a healthy one.

Unlock better financial opportunities! Dial (888) 804-0104 now to start your credit score improvement journey.