Financial Education

Understanding Your 695 Credit Score

A 695 credit score is good. Improve it by making on-time payments, paying off debts, and avoiding new credit inquiries until debts are repaid.

Consumers with good credit should be able to access most loan products and credit cards, although the terms and rates may not be as convenient as they would be for consumers in the very good or excellent credit score ranges.

According to most credit scoring models, credit score ranges are broken down into the following categories:

Here, you’ll learn all about what it means to have a 695 credit score and what you can do to maintain and even improve this score.

Explore Your Options

Excellent

based on 12,847 reviews

Trustpilot

I have used Credit Ninja several times for fast short term loans.

“I have used Credit Ninja several times for fast short term loans. The process is fast and easy. Usually have money deposited in under 24 hours”.

Maria T.5 hours ago

Credit ninja is awesome lender.

“Credit ninja is awesome lender. Got my money deposited right away. No credit check. No hassles. Definitely recommend their services to my friends & family…”

Maria T.5 hours ago

Quick service and very easy to apply.

“Quick service and very easy to apply. Will definitely refer my friends and family”.

Maria T.5 hours ago

Key Takeaways for a 695 Credit Score

Overview of Your Rating

695 falls right in the middle of the “good” credit range. Scores between 670 and 739 are considered “good” credit.

Borrowing Options

Most loan options are available, potentially with higher rates and stricter repayment terms.

Improving Your Score

Prioritizing debt, reducing credit utilization, and avoiding new credit inquiries can help maintain and improve credit.

Is a 695 Credit Score Good?

Yes! 695 falls in the middle of the “good” credit score range. According to one of the three major credit bureaus, Experian, 67% of Americans have a FICO score in this “good” credit range or higher.1

Pro Tip: Many lenders look beyond just the score. Consistent income and recent payment history can still unlock opportunities.

US Population Credit Score Distribution

Poor

Fair

Good

Very Good

Exceptional

300-579

580-669

670-739

740-799

800-850

Check out some of our partners...

Explore financial products tailored for your current credit standing. These partners specialize in helping people rebuild.

Get Started

Credit Builder Account

Build credit while saving money simultaneously.

No hard credit pull required to apply.

Reports to all three major credit bureaus.

Learn More ›

Get Started

Lease-to-Own Solution

Flexible lease purchase plans for essential items.

Simple process with instant decisions.

No credit required option available.

Learn More ›

Personal Loans

Personal loans are a category of installment loans available to a wide variety of borrowers. While borrowers with good or bad credit can usually access personal loan products, the best rates and terms are reserved for borrowers with better scores.

Bank Loans

Consumers can also access personal installment loans via a local or chain bank. However, keep in mind that banks usually only work with borrowers with an excellent credit history. So, while you may get approval for a bank loan with a 695 credit score, you may have to deal with higher interest rates. To get a better deal, you may want to look into a credit union or another direct lender.

Credit Cards

Consumers with good credit scores can usually get approved for a decent credit limit from most credit card companies. However, to prevent yourself from accumulating too much credit card debt, be sure to pay off your credit card balance on a regular basis. Some credit card products you may consider are:

• Wells Fargo Active Cash® Card

• Bank of America® Travel Rewards credit card

• Chase Freedom Unlimited®

• Discover it® Cash Back

• Bank of America® Premium Rewards® credit card

• Blue Cash Preferred® Card from American Express

• Bank of America® Unlimited Cash Rewards credit card

• Chase Sapphire Preferred® Card

• Citi Double Cash® Card

• Capital One Venture X Rewards Credit Card

• Capital One Venture Rewards Credit Card

• The Platinum Card® from American Express

Woman reviewing her borrowing options at home

Action Plan

How to Maintain Your 695 Score

Check out the tips below that can help consumers maintain their good credit scores.

Consider Diversifying Your Credit Mix

If you already have a good handle on your payments and spending habits, consider diversifying your credit mix. While you want to avoid unnecessary new credit accounts like quick cash loans, other types of credit, like getting a mortgage or investing, can help improve your credit scores!

Stay Current with Payments

The most important thing you can do to maintain and improve your credit score is to keep a positive payment history. Unfortunately, late or missed payments can end up bringing down your score for up to seven years!

Keep Your Credit Utilization Low

Watch your spending and try to keep your credit utilization rate low, around 30% or less. You can achieve this by not spending your full credit limit on your credit cards, avoiding applications for multiple credit accounts, and keeping your existing credit accounts open.

Check Your Credit History Often

While you can access your official credit report from each of the major credit reporting agencies at least once a year, you will also want to pull soft credit checks on your own more often. If you want to watch your credit closely, consider pulling your credit report at least once a month.

Can I Buy a House With a 695 Credit Score?

Getting a mortgage loan is no small feat. Just because you have a good credit score doesn’t mean you’ll automatically receive approval. Lenders look at many other factors when approving borrowers for mortgage financing.

Check out more information about common mortgage qualification requirements below:

Disclaimer: This table provides a general guideline. Specific requirements can vary significantly between different lenders and mortgage products (e.g., FHA loans, VA loans, conventional loans). It’s always a good idea to consult with a mortgage advisor or lender to get the most accurate and up-to-date information tailored to your personal situation.

Mortgage Type

Description

Credit Score Requirements

Key Features

FHA Loan

Insured by Federal Housing Administration.

As low as 500 with 10% down.

Lower down payment requirements.

VA Loans

Backed by Dept. of Veterans Affairs.

Typically 620 (varies by lender).

No down payment required; no PMI.

USDA Loans

For homebuyers in rural/suburban areas.

640 for automatic underwriting.

No down payment required.

Brand

Loans like Lendumo®

Lendmo is an online tribal lender that offers installment loans. Similar lenders to Lendmo include River Valley Loans, Mawka Finance,…

Quick and easy Personal Loans up to $5,000*

Don’t let unplanned expenses ruin your budget. Apply today and get back on track.

Apply Now