Is 652 a good credit score?

Question

i just got my equifax score and it said 652. Is this a good score? i want to get another credit card. How much of a limit would you think i would get? I have 2 cards now but they are only like $500 because i got them a couple years ago.

Answer 1

652 is Fair. If you want to better it you should get your cards paid down and make sure that your income to debt ration does not exceed 40%. (No more then 40% of your income should be allocated to debt repayment). Also make sure to pay your bills on time.

Answer 2

All lenders now charge a higher rate if your score is less than 720.

Open up some revolving accounts, use them and pay the balance down to 0 every month.

Give it 3-6 months and you should see a dramatic improvement

Answer 3

If you want a higher limit, just call the credit card companies you are with now and ask them to increase your limit.  Your score is so close to 660 you should work on increasing you score by paying down you current credit cards below 50% of their current balances before asking for another credit card.  You will have a better chance of getting a higher limit on a new card with a score of 660.

Answer 4

You don't need more than 2 cards, that's good enough. Plus when you apply for new credit it makes your score go down. Like someone said, just call the companies on your existing cards and have them increase your limit.

Answer 5

652 is okay. Actually you shouldn't open another account if you don't really need it.