Who Has a 592 Credit Score?

While individual scores vary, looking at average credit scores by generation reveals a clear trend: scores tend to increase with age. Based on 2023 Experian data, here is the breakdown:

• 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 592 Credit Score

A credit score of 592 falls into the "fair" credit range, which can be a mixed bag when you're applying for a new credit card. While you won't have access to the premium rewards cards reserved for those with good or excellent credit, you still have a decent shot at getting approved for a card designed for people in your credit tier. However, you should be prepared for less favorable terms, such as higher interest rates and lower credit limits, as lenders view your score as carrying a bit more risk.

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Navigating the credit card market with a fair score can be tricky, but Kudos simplifies the process with its AI-powered Explore Tool. By asking about your financial needs and preferences, the tool sifts through thousands of cards to present personalized, unbiased recommendations that align with your situation.

Auto Loans and a 592 Credit Score

A 592 credit score places you in the subprime borrower category, which means you can likely still qualify for an auto loan. However, you should expect to face significantly higher interest rates than borrowers with stronger credit histories.

According to a 2025 analysis, average auto loan rates break down as follows:

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

Mortgages at a 592 Credit Score

With a 592 credit score, your mortgage options are limited but not impossible. You likely won't qualify for a conventional loan, which typically requires a score of 620 or higher. However, your score is within the range for an FHA loan, which accepts scores of 580 and up with a 3.5% down payment. While some lenders may consider VA or USDA loans, FHA is your most probable path to homeownership.

A lower credit score directly impacts your loan terms. You can expect to face higher interest rates, making your loan more expensive over its lifetime. Lenders will also apply stricter underwriting, scrutinizing your finances more closely. For an FHA loan, you will be required to pay for mortgage insurance, which adds to your monthly payment and overall borrowing costs.

What's in a Credit Score?

Understanding your credit score can feel like trying to solve a complex puzzle, as it's a blend of several key financial habits. The most common factors that determine your score include:

• Your payment history tracks whether you have paid past credit accounts on time.
• Credit utilization is the percentage of your available credit that you are currently using.
• The length of your credit history considers the age of your oldest account and the average age of all your accounts.
• Credit mix refers to the variety of credit products you have, such as credit cards, retail accounts, and loans.
• New credit inquiries and recently opened accounts can also temporarily impact your score.

How to Improve Your 592 Credit Score

Improving your credit score is an achievable goal that requires consistent, positive financial habits. With the right strategies, you can take control of your financial health and work your way up from a 592 score.

• Establish automatic bill payments. A 592 score often results from missed payments, which is the most significant factor in your score. Setting up automatic payments ensures you never miss a due date again, helping you build a positive payment history over time.
• Reduce your credit utilization. High credit card balances can drag down a 592 score, as credit utilization is the second most important scoring factor. Aim to keep your balances below 30% of your credit limit to show lenders you can manage credit responsibly.
• Monitor your credit reports. Errors and inaccuracies can unfairly lower your credit score, so it's crucial to check your reports from all three major bureaus. This allows you to spot and dispute these issues while also tracking your progress.
• Become an authorized user. If a limited credit history contributes to your 592 score, becoming an authorized user on an account with a long, positive history can help. This strategy adds the primary user's good credit habits to your report, potentially giving your score a significant lift.

To help you use your credit cards more responsibly and maximize rewards as you rebuild your score, consider using the free browser extension from Kudos.