A credit score between 500 and 600 is classified as fair according to FICO standards. While this range represents an improvement over poor credit, it still signals elevated risk to lenders. Consumers in this bracket may receive credit offers, but often with higher interest rates or more restrictive terms. For example, you might qualify for an auto loan or unsecured credit card, but pay significantly more in interest compared to someone with a higher score. This range does not meet the threshold for what is considered “good” credit. To reach that status, a score of at least 670 is required. The good news is that moving from fair to good credit is achievable with disciplined financial habits — such as paying bills on time, reducing balances, and maintaining older credit lines. Understanding the difference between fair and good credit can help individuals take actionable steps toward stronger financial outcomes.