Credit Card Details

Fair credit is a neutral credit rating issued to anyone with a credit score of 670-699. A fair credit rating shows credit card companies and money lenders that you do a fairly decent job of making you payments on time but still occasionally have issues. If you have fair credit, a lender may require additional documentation before a loan will be approved.

What causes fair credit:

• Occasionally making late payments of balance
• Occasionally skipping payments
• Having very little credit history

People with fair credit may have difficulty being approved for a credit card by some companies. Not all credit card companies or money lenders will reject an application from someone with fair credit, but difficulty may arise from trying to obtain a loan or credit card with a lower interest rate.