Who Has a 568 Credit Score?

While individual financial habits are the most significant factor, data shows a clear trend of credit scores increasing with age. According to a 2023 generational breakdown from Experian, average FICO scores are as follows:

• Generation Z (ages 18-26): 680
• Millennials (ages 27-42): 690
• Generation X (ages 43-58): 709
• Baby Boomers (ages 59-77): 745
• Silent Generation (ages 78+): 760

Credit Cards With a 568 Credit Score

A credit score of 568 places you in the "poor" credit range, which can make qualifying for a traditional credit card a significant hurdle. Lenders generally see this score as an indicator of higher risk, leading to a greater chance of application denial or approval for cards with less-than-ideal terms. If you are approved, you'll likely face steep interest rates and a modest credit limit until you can demonstrate a consistent history of on-time payments.

‍

Kudos simplifies the search with its AI-powered Explore Tool, which uses your preferences for goals like building credit or finding low interest rates to personalize recommendations. The tool matches your needs against a database of nearly 3,000 cards, helping you find options suited to your financial situation.

Auto Loans and a 568 Credit Score

A 568 credit score places you in the subprime borrower category, which can make qualifying for an auto loan more difficult. Lenders generally view this score as a higher risk, which typically results in significantly higher interest rates on your loan.

Based on a 2025 market analysis, here is how average auto loan interest rates vary across different credit score brackets:

• Super-prime (781-850): 5.25% for new cars, 7.13% for used cars
• Prime (661-780): 6.87% for new cars, 9.36% for used cars
• Non-prime (601-660): 9.83% for new cars, 13.92% for used cars
• Subprime (501-600): 13.18% for new cars, 18.86% for used cars
• Deep subprime (300-500): 15.77% for new cars, 21.55% for used cars

Mortgages at a 568 Credit Score

With a 568 credit score, your main path to homeownership is an FHA loan. These government-insured mortgages are accessible to borrowers with lower scores, but the trade-off is a required 10% down payment. Most other loan types, such as conventional, VA, or USDA, are generally unavailable, as lenders typically look for a minimum score of 620.

Beyond the down payment, a 568 score leads to less favorable loan terms. Expect higher interest rates, which increases your monthly payment and total cost over time. Lenders will also subject your application to stricter scrutiny, a process known as manual underwriting, to verify your financial stability and ability to repay the loan.

What's in a Credit Score?

Figuring out what goes into your credit score can feel like trying to solve a complex puzzle, but the number is generally derived from a few key factors in your financial history.

• Your payment history is the most significant factor, reflecting whether you pay your bills on time.
• Credit utilization measures how much of your available credit you are currently using.
• The length of your credit history considers the age of your oldest and newest accounts, as well as the average age of all your accounts.
• Your credit mix looks at the different types of credit you have, such as credit cards, mortgages, and installment loans.
• New credit inquiries and recently opened accounts can also temporarily impact your score.

How to Improve Your 568 Credit Score

Your credit score plays a crucial role in your financial life, but it's important to remember that it's not permanent and can always be improved with consistent effort. Whether you're looking to boost your FICO® score or VantageScore, there are proven methods to improve your creditworthiness and build a healthier financial profile.

• Monitor your credit reports. You can get free reports from all three major bureaus, which allows you to identify and dispute any inaccuracies or errors that could be unfairly lowering your score.
• Establish automatic bill payments. Since payment history is the most significant factor in your score, setting up automatic payments is the easiest way to ensure you never miss a due date and avoid negative marks.
• Reduce your credit utilization ratio. Aim to keep your total balance below 30% of your total credit limit, as this shows lenders you can manage credit responsibly and is a major factor in score calculations.
• Apply for a secured credit card. A secured card is an excellent tool for someone with a 568 score, as it allows you to build a positive payment history that gets reported to the credit bureaus.

Using a tool like Kudos can help you make smarter credit card choices to maximize rewards while you work on improving your credit.