A 580 FICO score sits in the fair-credit range. Some lenders work specifically with fair-credit borrowers, but rates and terms typically vary based on the rest of your financial profile.
What lenders look at
Beyond credit score, lenders generally consider income, employment, debt-to-income ratio, and any recent delinquencies. A stable income and lower DTI can help offset a fair score.
Likely rate ranges
Borrowers with fair credit typically see higher APRs than those with excellent credit. Compare offers carefully — even small APR differences add up over a 5-year term.
Steps that may improve outcomes
Reducing existing balances, correcting credit report errors, and demonstrating consistent income can improve the offers you may qualify for.
This article is for educational purposes only and does not constitute financial, legal, or credit advice. Loan approval, rates, and terms are determined by participating lenders and are subject to eligibility, underwriting, and applicable law. Not all applicants will qualify.