Is 686 a Good Credit Score? Understanding Its Implications


In the world of personal finance, credit scores play a pivotal role in determining one's financial health and opportunities. A credit score of 686 often raises the question, "Is 686 a good credit score?" This article aims to delve into the intricacies of a 686 credit score, providing valuable insights into its implications for various financial aspects.

Is 686 a Good Credit Score?

A credit score of 686 falls within the "Fair" range on the FICO credit score scale, which ranges from 300 to 850. While it's not considered excellent, a score of 686 is still decent and opens up several financial opportunities. With this score, you're likely to qualify for various loans and credit options, although you may encounter higher interest rates compared to individuals with higher credit scores.

Exploring Credit Score Ranges

Understanding credit score ranges can shed light on the significance of a 686 credit score. Here's a breakdown:

  • Poor (300-579): A score in this range makes it challenging to qualify for credit, and if approved, interest rates are considerably higher.
  • Fair (580-669): Falling within this range, a score of 686 is considered fair. It suggests responsible credit usage but may result in relatively higher interest rates.
  • Good (670-739): Credit scores in this range offer better interest rates and increased approval odds.
  • Very Good (740-799): Individuals with scores in this range enjoy lower interest rates and improved terms.
  • Excellent (800-850): This range offers the best terms and opportunities for credit and loans.

The Impact of a 686 Credit Score

Qualifying for Loans

A credit score of 686 positions you to qualify for a variety of loans, including personal loans, auto loans, and mortgages. While your approval chances are good, keep in mind that lenders might offer loans with slightly higher interest rates compared to individuals with higher credit scores.

Credit Card Options

You're likely to be eligible for a range of credit cards with a 686 credit score. However, premium rewards cards might have stricter requirements. Opt for credit cards with manageable interest rates and rewards tailored to your spending habits.

Interest Rates

One key consideration when asking "Is 686 a good credit score?" is the impact on interest rates. While a score of 686 isn't bad, it might lead to slightly elevated interest rates on loans and credit cards. To secure more favorable rates, work on improving your score over time.

Renting a Home

When renting a home, landlords often perform credit checks. A 686 credit score demonstrates your ability to manage financial responsibilities, increasing your chances of securing a rental agreement.

Employment Opportunities

Certain employers conduct credit checks as part of their hiring process. While a 686 credit score generally won't hinder your chances, it's essential to maintain responsible financial habits, as higher scores can reflect positively on your character.

Steps to Improve Your Credit Score

  • Pay your bills on time to build a positive payment history.
  • Reduce outstanding debts to lower your credit utilization ratio.
  • Regularly review your credit report for errors and dispute inaccuracies.
  • Avoid opening multiple new credit accounts within a short period.
  • Maintain a mix of credit types, such as credit cards and installment loans.


Can I get a mortgage with a 686 credit score?

Yes, you can secure a mortgage with a credit score of 686. However, be prepared for potentially higher interest rates.

Will a 686 credit score affect my car loan application?

A 686 credit score should allow you to qualify for an auto loan, but you might face slightly elevated interest rates.

How long does it take to improve a 686 credit score?

Improving your credit score takes time. Consistently practicing good credit habits can lead to gradual improvement.

Can I refinance my loans with a 686 credit score?

While refinancing is possible, your interest rates may not see a significant drop with a 686 credit score.

Does a 686 credit score qualify me for rewards credit cards?

You're likely eligible for basic rewards credit cards, but high-tier rewards cards might have stricter requirements.

How often should I check my credit score?

Regularly monitoring your credit score helps you stay informed about your financial standing and catch any potential errors.


In conclusion, a credit score of 686 is indeed a decent score that opens doors to various financial opportunities. While it might not offer the best terms available, it demonstrates responsible credit usage and financial management. By understanding the implications of your credit score and taking steps to improve it, you can work towards securing better financial prospects.

Want a higher credit score? Talk to our specialists now at (888) 804-0104 and pave the way for a brighter financial future.