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670 Credit Score: Good Or Bad? And What Can I Get With A 670 Credit Score?

Last updated 07/27/2023 by

Andrew Latham

Edited by

Fact checked by

Summary:
Understanding the implications of your credit score, particularly if it's 670, is crucial. This score significantly influences lenders' decisions when considering your applications for various types of credit, including personal loans, credit cards, leases, and mortgages. By evaluating these factors, you can gauge the benefits and drawbacks tied to a 670 credit score, empowering you to devise effective strategies for future credit-building activities.
A 670 credit is considered a "Good" credit score. Having a "Good" credit score, specifically within the 670 to 739 range, signifies that you've been generally responsible in managing your financial obligations. This category, though not the highest, still opens up a variety of opportunities in terms of credit and loan approval.
Although a 670 credit score may not garner the most preferential interest rates and terms, it indicates a satisfactory creditworthiness that most lenders find appealing. Let's see what terms, loans, and rates you can expect to get with a 670 credit score. Remember that every bit of improvement matters, paving the way to better financial opportunities.

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How is Your Credit Score of 670 Determined?

Before we delve into the significance of your 670 credit score, let's explore how credit scores are calculated. Your credit score is composed of different factors, each playing a distinct role in the overall score.
  • Payment history. The most significant factor affecting your credit score is your payment history, which is simply a record of your bill and credit payments. This history tracks your on-time and late payments, whether they are loan repayments, credit card payments, utility bills, or other services.
  • Amounts owed. This reflects your available credit compared to the amount of credit you owe. This is also known as your credit utilization ratio, which ideally should be kept below 30%. High credit utilization, such as maxing out your credit cards, can negatively impact your score.
  • Length of credit history. The duration you've maintained a credit account is also important, even if you're not actively using that line of credit. This factor takes into account the age of your oldest and newest credit accounts and the average age of all your accounts.
  • Credit mix. Contrary to what you might think, having a variety of credit accounts can be beneficial. A mix of credit cards, an auto loan, and a mortgage shows lenders your capability to manage different types of credit responsibly.
  • New credit. The term "new" credit refers to the number of credit accounts you've recently opened and the number of inquiries made into your account. Each time you apply for a new loan or credit line, the lender makes an inquiry into your credit history to review your score and payment history.
How FICO calculates credit scores

Pro Tip

Remember, the categories mentioned above aren't exclusive to FICO credit scores. Other models, including VantageScore and PLUS, also consider these factors. While PLUS scores aren't often looked at by lenders, VantageScore is widely used. Therefore, when reviewing your credit score and history, ensure to check all your credit scores.

What Does Your Credit Score of 670 Imply?

A credit score of 670 is about average. While only a modest fraction of Americans (about a third) have scores below 669, Experian found that borrowers in this range were much more likely to become "seriously delinquent," or more than 90 days late on a payment. This tendency explains why lenders may be cautious when dealing with an applicant boasting a 670 credit score.
Credit score range% of consumersDelinquency rate
300-57916%61%
580-66917%28%
670-73921%8%
740-79925%2%
800-85021%1%
How you landed at a 670 credit score can vary. Overall, you are likely to make payments on time, but perhaps you've made a couple of late payments or maxed out a credit line recently. Each of these can significantly ding an otherwise good credit history.

How Does Your 670 Credit Score Stack Up?

Sadly, a 670 credit score is not considered impressive. You may struggle to get low interest rates on an auto loan or to obtain a high credit limit. As the data below indicates, the average credit score is continually rising.
The table below links to in-depth articles for all credit scores.
Credit scoreScale
300Poor
301Poor
302Poor
303Poor
304Poor
305Poor
306Poor
307Poor
308Poor
309Poor
310Poor
311Poor
312Poor
313Poor
314Poor
315Poor
316Poor
317Poor
318Poor
319Poor
320Poor
321Poor
322Poor
323Poor
324Poor
325Poor
326Poor
327Poor
328Poor
329Poor
330Poor
331Poor
332Poor
333Poor
334Poor
335Poor
336Poor
337Poor
338Poor
339Poor
340Poor
341Poor
342Poor
343Poor
344Poor
345Poor
346Poor
347Poor
348Poor
349Poor
350Poor
351Poor
352Poor
353Poor
354Poor
355Poor
356Poor
357Poor
358Poor
359Poor
360Poor
361Poor
362Poor
363Poor
364Poor
365Poor
366Poor
367Poor
368Poor
369Poor
370Poor
371Poor
372Poor
373Poor
374Poor
375Poor
376Poor
377Poor
378Poor
379Poor
380Poor
381Poor
382Poor
383Poor
384Poor
385Poor
386Poor
387Poor
388Poor
389Poor
390Poor
391Poor
392Poor
393Poor
394Poor
395Poor
396Poor
397Poor
398Poor
399Poor
400Poor
401Poor
402Poor
403Poor
404Poor
405Poor
406Poor
407Poor
408Poor
409Poor
410Poor
411Poor
412Poor
413Poor
414Poor
415Poor
416Poor
417Poor
418Poor
419Poor
420Poor
421Poor
422Poor
423Poor
424Poor
425Poor
426Poor
427Poor
428Poor
429Poor
430Poor
431Poor
432Poor
433Poor
434Poor
435Poor
436Poor
437Poor
438Poor
439Poor
440Poor
441Poor
442Poor
443Poor
444Poor
445Poor
446Poor
447Poor
448Poor
449Poor
450Poor
451Poor
452Poor
453Poor
454Poor
455Poor
456Poor
457Poor
458Poor
459Poor
460Poor
461Poor
462Poor
463Poor
464Poor
465Poor
466Poor
467Poor
468Poor
469Poor
470Poor
471Poor
472Poor
473Poor
474Poor
475Poor
476Poor
477Poor
478Poor
479Poor
480Poor
481Poor
482Poor
483Poor
484Poor
485Poor
486Poor
487Poor
488Poor
489Poor
490Poor
491Poor
492Poor
493Poor
494Poor
495Poor
496Poor
497Poor
498Poor
499Poor
500Poor
501Poor
502Poor
503Poor
504Poor
505Poor
506Poor
507Poor
508Poor
509Poor
510Poor
511Poor
512Poor
513Poor
514Poor
515Poor
516Poor
517Poor
518Poor
519Poor
520Poor
521Poor
522Poor
523Poor
524Poor
525Poor
526Poor
527Poor
528Poor
529Poor
530Poor
531Poor
532Poor
533Poor
534Poor
535Poor
536Poor
537Poor
538Poor
539Poor
540Poor
541Poor
542Poor
543Poor
544Poor
545Poor
546Poor
547Poor
548Poor
549Poor
550Poor
551Poor
552Poor
553Poor
554Poor
555Poor
556Poor
557Poor
558Poor
559Poor
560Poor
561Poor
562Poor
563Poor
564Poor
565Poor
566Poor
567Poor
568Poor
569Poor
570Poor
571Poor
572Poor
573Poor
574Poor
575Poor
576Poor
577Poor
578Poor
579Poor
580Fair
581Fair
582Fair
583Fair
584Fair
585Fair
586Fair
587Fair
588Fair
589Fair
590Fair
591Fair
592Fair
593Fair
594Fair
595Fair
596Fair
597Fair
598Fair
599Fair
600Fair
601Fair
602Fair
603Fair
604Fair
605Fair
606Fair
607Fair
608Fair
609Fair
610Fair
611Fair
612Fair
613Fair
614Fair
615Fair
616Fair
617Fair
618Fair
619Fair
620Fair
621Fair
622Fair
623Fair
624Fair
625Fair
626Fair
627Fair
628Fair
629Fair
630Fair
631Fair
632Fair
633Fair
634Fair
635Fair
636Fair
637Fair
638Fair
639Fair
640Fair
641Fair
642Fair
643Fair
644Fair
645Fair
646Fair
647Fair
648Fair
649Fair
650Fair
651Fair
652Fair
653Fair
654Fair
655Fair
656Fair
657Fair
658Fair
659Fair
660Fair
661Fair
662Fair
663Fair
664Fair
665Fair
666Fair
667Fair
668Fair
669Fair
670Good
671Good
672Good
673Good
674Good
675Good
676Good
677Good
678Good
679Good
680Good
681Good
682Good
683Good
684Good
685Good
686Good
687Good
688Good
689Good
690Good
691Good
692Good
693Good
694Good
695Good
696Good
697Good
698Good
699Good
700Good
701Good
702Good
703Good
704Good
705Good
706Good
707Good
708Good
709Good
710Good
711Good
712Good
713Good
714Good
715Good
716Good
717Good
718Good
719Good
720Good
721Good
722Good
723Good
724Good
725Good
726Good
727Good
728Good
729Good
730Good
731Good
732Good
733Good
734Good
735Good
736Good
737Good
738Good
739Good
740Very Good
741Very Good
742Very Good
743Very Good
744Very Good
745Very Good
746Very Good
747Very Good
748Very Good
749Very Good
750Very Good
751Very Good
752Very Good
753Very Good
754Very Good
755Very Good
756Very Good
757Very Good
758Very Good
759Very Good
760Very Good
761Very Good
762Very Good
763Very Good
764Very Good
765Very Good
766Very Good
767Very Good
768Very Good
769Very Good
770Very Good
771Very Good
772Very Good
773Very Good
774Very Good
775Very Good
776Very Good
777Very Good
778Very Good
779Very Good
780Very Good
781Very Good
782Very Good
783Very Good
784Very Good
785Very Good
786Very Good
787Very Good
788Very Good
789Very Good
790Very Good
791Very Good
792Very Good
793Very Good
794Very Good
795Very Good
796Very Good
797Very Good
798Very Good
799Very Good
800Excellent
801Excellent
802Excellent
803Excellent
804Excellent
805Excellent
806Excellent
807Excellent
808Excellent
809Excellent
810Excellent
811Excellent
812Excellent
813Excellent
814Excellent
815Excellent
816Excellent
817Excellent
818Excellent
819Excellent
820Excellent
821Excellent
822Excellent
823Excellent
824Excellent
825Excellent
826Excellent
827Excellent
828Excellent
829Excellent
830Excellent
831Excellent
832Excellent
833Excellent
834Excellent
835Excellent
836Excellent
837Excellent
838Excellent
839Excellent
840Excellent
841Excellent
842Excellent
843Excellent
844Excellent
845Excellent
846Excellent
847Excellent
848Excellent
849Excellent
850Excellent

What Can You Get with a 670 Credit Score?

A 670 credit score falls into the "Good" category, which means you have plenty of options:
Type of CreditEligibility
Secured Credit CardYes
Unsecured Credit CardYes
Best Rewards Credit CardNo
0% APR Credit CardMaybe
Personal LoanYes
Apartment RentalProbably
Home LoanYes
Auto LoanYes
While a good score such as 670 provides you with a range of financing options, it doesn't always guarantee you'll receive the best terms. For instance, you might qualify to apply for a mortgage or car loan, but an individual lender might still reject your application based on other considerations.
IMPORTANT! Remember, the above information is not an absolute guarantee. You may get approval for an excellent rewards credit card, but chances are, you won't secure the most favorable conditions.

Common credit cards for a 670 credit score

There are numerous credit cards that you could apply for with a 670. Nonetheless, the best card for you hinges on your expenditure habits and financial objectives. With the comparison tool provided below, you can explore various credit cards designed for those with a 670. Alongside reviewing the APRs you're eligible for, ensure to familiarize yourself with the fees you may need to pay, including annual fees.

SuperMoney may receive compensation from some or all of the companies featured, and the order of results are influenced by advertising bids, with exception for mortgage and home lending related products. Learn more

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Frequently chosen personal loans for a 670 credit score

Similar to credit cards, a 670 permits you to apply for a range of personal loans, including both secured and unsecured loans. However, to pinpoint the best personal loan for you, it's necessary to evaluate all your options.

SuperMoney may receive compensation from some or all of the companies featured, and the order of results are influenced by advertising bids, with exception for mortgage and home lending related products. Learn more

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Auto loans with a 670 credit score

Fortunately, over half of all approved auto loans are made to applicants with FICO scores above 661, as per Experian. Although a score of 670 doesn't guarantee you an auto loan, you stand a good chance of being approved. Nevertheless, to ensure you secure the most favorable loan conditions, you may want to accumulate funds for a larger down payment or work on improving your credit score prior to applying for auto loans. As shown in the table below, a higher credit score can save you hundreds of dollars over the duration of the loan.
Credit scoreAPRMonthly paymentTotal interest paid
720 - 8506.511%$237 $1,386
690 - 7197.744%$243 $1,661
660 - 6899.573%$252 $2,076
620 - 65910.739%$257 $2,345
590 - 61915.055%$279 $3,372
500 - 58916.484%$286 $3,723
*Rates above for a $10,000 48-month used auto loan.
Having said that, numerous auto loan lenders have previously approved applicants with a 670.

SuperMoney may receive compensation from some or all of the companies featured, and the order of results are influenced by advertising bids, with exception for mortgage and home lending related products. Learn more

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Mortgages and home loans with a 670 credit score

Those with credit scores above 620 typically comprise a large percentage of successful mortgage applicants. Similarly to auto loans, enhancing your score can save you substantial amounts of money on a mortgage.
Credit scoreAPRMonthly paymentTotal interest paid
760 - 8506.129%$304 $59,416
700 - 7596.351%$311 $62,014
680 - 6996.528%$317 $64,104
660 - 6796.742%$324 $66,652
640 - 6597.172%$338 $71,841
620 - 6397.718%$357 $78,556
*Rates above for a $50,000 30-year fixed rate mortgage.
That said, your credit score isn't the only criterion mortgage lenders examine in your application. Alongside your credit, lenders will also evaluate your debt-to-income ratio (DTI), which illustrates what portion of your income is committed to repaying debts. Ideally, this ratio should be as low as possible. Most mortgage lenders prefer a DTI below 43%. If your DTI is under this threshold, you can begin comparing mortgages for a 670, such as those shown below.

SuperMoney may receive compensation from some or all of the companies featured, and the order of results are influenced by advertising bids, with exception for mortgage and home lending related products. Learn more

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Student loans with a 670 credit score

Fortunately, student loans are some of the most straightforward to obtain with a credit score of 670. As most students are still in the process of building credit, it's reasonable for student loans to have less rigorous credit prerequisites. Indeed, federal student loans typically don't require a minimum credit score. While private student loan lenders generally impose stricter requirements, a score of 670 should still allow you to secure the financing you need.

SuperMoney may receive compensation from some or all of the companies featured, and the order of results are influenced by advertising bids, with exception for mortgage and home lending related products. Learn more

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Strategies to improve a 670 Credit Score

Even if your current score falls within the "Good" credit range, there's always room for improvement. Boosting your credit score can unlock better financial opportunities and offer you more favorable loan terms.

Maintain Timely Debt Payments

Having a 670 indicates that you've likely established positive credit habits. To maintain and even improve your score, it's crucial to continue managing your debts effectively. This involves making all your debt payments on time. Even one missed payment could lead to a significant decrease in your score.
Remember, both FICO and VantageScore credit scoring models are designed to reward responsible financial behavior. With their latest versions (FICO® 9 and VantageScore 3.0 and 4.0), they've updated their scoring models to ignore collections that have been paid off, showing a zero balance. This means that if you manage to pay off or settle a collection and it's reported as a zero balance on your credit reports, these scores may see a significant increase.

Manage Your Credit Utilization

Credit utilization, which is the percentage of your available credit that you're using, is another key factor in determining your credit score. The lower your credit utilization ratio, the better for your credit score. It's often recommended to keep your credit utilization below 30% across all of your accounts, and to maintain this level consistently, not just right before applying for credit.

Regularly Review Your Credit Report

Errors on your credit report can negatively impact your credit score. By regularly reviewing your credit reports from all three credit bureaus (Experian, TransUnion, and Equifax), you can identify and dispute any inaccuracies that may be harming your score. You're entitled to a free credit report from each bureau every 12 months, which you can obtain via AnnualCreditReport.com.

FAQs

Can I get approved for credit with a 670 credit score?

Yes, a 670 credit score can help you get approved for various types of credit, such as credit cards, auto loans, personal loans, and even some home loans. However, the specific terms and interest rates you're offered will depend on the lender and other factors like your income and current debt levels.

Is a 670 a good credit score for buying a house?

A 670 is generally considered a good credit score and may help you qualify for a home loan. However, factors like your debt-to-income ratio, employment history, and down payment size can also influence your ability to get approved for a mortgage.

How much can I borrow with a 670 credit score?

The amount you can borrow doesn't solely depend on your credit score but also on your income, the type of loan, and the lender's policies. With a 670, you may qualify for larger loan amounts, but remember to borrow responsibly and only what you can afford to repay.

What benefits does a 670 credit score offer?

A 670 credit score generally offers several benefits, such as potentially qualifying for lower interest rates on loans, easier approval for rentals, better car insurance rates, and access to better credit cards with more rewards.

Is a 670 credit score rare?

Credit scores can range from 300 to 850. While a 670 is considered good, it's not necessarily rare. Many people have credit scores in this range.

Why is it challenging to get a 670 credit score?

Achieving a 670 can be challenging because it requires consistently responsible credit behavior over a long period. This includes making all your payments on time, keeping your credit utilization low, and maintaining a healthy mix of credit accounts.

How accurate are credit monitoring services like Credit Karma?

Credit monitoring services like Credit Karma provide a close approximation of your credit score and are useful for tracking changes and trends. However, lenders may use slightly different models or versions of credit scores when reviewing your creditworthiness.

What is the highest credit score in America?

The highest possible credit score according to the FICO and VantageScore models is 850. However, achieving this score is rare, as it requires an exceptional level of credit management over a long period.

Key Takeaways

  • With a 670 credit score, you're in the "Good" credit range by FICO standards, and a fair number of Americans find themselves in this bracket.
  • Your payment history holds a big chunk of influence when your credit score is calculated.
  • If you're eyeing a higher score, consider knocking down some of your current debts, take a close look at your credit report for any mistakes, or think about getting a secured card or personal loan.
  • Even though a 670 credit score is decent, securing a mortgage or car loan might not always be possible and you won't qualify for preferential terms and rates.
  • Remember, boosting your credit score is more of a marathon than a sprint. It might take a bit to push your 670 up to the "Very Good" (+740) or "Excellent" (+800) ranges.

SuperMoney may receive compensation from some or all of the companies featured, and the order of results are influenced by advertising bids, with exception for mortgage and home lending related products. Learn more

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Andrew Latham

Andrew is the Content Director for SuperMoney, a Certified Financial Planner®, and a Certified Personal Finance Counselor. He loves to geek out on financial data and translate it into actionable insights everyone can understand. His work is often cited by major publications and institutions, such as Forbes, U.S. News, Fox Business, SFGate, Realtor, Deloitte, and Business Insider.

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