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

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.

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.

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 consumers	Delinquency rate
300-579	16%	61%
580-669	17%	28%
670-739	21%	8%
740-799	25%	2%
800-850	21%	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 score	Scale
300	Poor
301	Poor
302	Poor
303	Poor
304	Poor
305	Poor
306	Poor
307	Poor
308	Poor
309	Poor
310	Poor
311	Poor
312	Poor
313	Poor
314	Poor
315	Poor
316	Poor
317	Poor
318	Poor
319	Poor
320	Poor
321	Poor
322	Poor
323	Poor
324	Poor
325	Poor
326	Poor
327	Poor
328	Poor
329	Poor
330	Poor
331	Poor
332	Poor
333	Poor
334	Poor
335	Poor
336	Poor
337	Poor
338	Poor
339	Poor
340	Poor
341	Poor
342	Poor
343	Poor
344	Poor
345	Poor
346	Poor
347	Poor
348	Poor
349	Poor
350	Poor
351	Poor
352	Poor
353	Poor
354	Poor
355	Poor
356	Poor
357	Poor
358	Poor
359	Poor
360	Poor
361	Poor
362	Poor
363	Poor
364	Poor
365	Poor
366	Poor
367	Poor
368	Poor
369	Poor
370	Poor
371	Poor
372	Poor
373	Poor
374	Poor
375	Poor
376	Poor
377	Poor
378	Poor
379	Poor
380	Poor
381	Poor
382	Poor
383	Poor
384	Poor
385	Poor
386	Poor
387	Poor
388	Poor
389	Poor
390	Poor
391	Poor
392	Poor
393	Poor
394	Poor
395	Poor
396	Poor
397	Poor
398	Poor
399	Poor
400	Poor
401	Poor
402	Poor
403	Poor
404	Poor
405	Poor
406	Poor
407	Poor
408	Poor
409	Poor
410	Poor
411	Poor
412	Poor
413	Poor
414	Poor
415	Poor
416	Poor
417	Poor
418	Poor
419	Poor
420	Poor
421	Poor
422	Poor
423	Poor
424	Poor
425	Poor
426	Poor
427	Poor
428	Poor
429	Poor
430	Poor
431	Poor
432	Poor
433	Poor
434	Poor
435	Poor
436	Poor
437	Poor
438	Poor
439	Poor
440	Poor
441	Poor
442	Poor
443	Poor
444	Poor
445	Poor
446	Poor
447	Poor
448	Poor
449	Poor
450	Poor
451	Poor
452	Poor
453	Poor
454	Poor
455	Poor
456	Poor
457	Poor
458	Poor
459	Poor
460	Poor
461	Poor
462	Poor
463	Poor
464	Poor
465	Poor
466	Poor
467	Poor
468	Poor
469	Poor
470	Poor
471	Poor
472	Poor
473	Poor
474	Poor
475	Poor
476	Poor
477	Poor
478	Poor
479	Poor
480	Poor
481	Poor
482	Poor
483	Poor
484	Poor
485	Poor
486	Poor
487	Poor
488	Poor
489	Poor
490	Poor
491	Poor
492	Poor
493	Poor
494	Poor
495	Poor
496	Poor
497	Poor
498	Poor
499	Poor
500	Poor
501	Poor
502	Poor
503	Poor
504	Poor
505	Poor
506	Poor
507	Poor
508	Poor
509	Poor
510	Poor
511	Poor
512	Poor
513	Poor
514	Poor
515	Poor
516	Poor
517	Poor
518	Poor
519	Poor
520	Poor
521	Poor
522	Poor
523	Poor
524	Poor
525	Poor
526	Poor
527	Poor
528	Poor
529	Poor
530	Poor
531	Poor
532	Poor
533	Poor
534	Poor
535	Poor
536	Poor
537	Poor
538	Poor
539	Poor
540	Poor
541	Poor
542	Poor
543	Poor
544	Poor
545	Poor
546	Poor
547	Poor
548	Poor
549	Poor
550	Poor
551	Poor
552	Poor
553	Poor
554	Poor
555	Poor
556	Poor
557	Poor
558	Poor
559	Poor
560	Poor
561	Poor
562	Poor
563	Poor
564	Poor
565	Poor
566	Poor
567	Poor
568	Poor
569	Poor
570	Poor
571	Poor
572	Poor
573	Poor
574	Poor
575	Poor
576	Poor
577	Poor
578	Poor
579	Poor
580	Fair
581	Fair
582	Fair
583	Fair
584	Fair
585	Fair
586	Fair
587	Fair
588	Fair
589	Fair
590	Fair
591	Fair
592	Fair
593	Fair
594	Fair
595	Fair
596	Fair
597	Fair
598	Fair
599	Fair
600	Fair
601	Fair
602	Fair
603	Fair
604	Fair
605	Fair
606	Fair
607	Fair
608	Fair
609	Fair
610	Fair
611	Fair
612	Fair
613	Fair
614	Fair
615	Fair
616	Fair
617	Fair
618	Fair
619	Fair
620	Fair
621	Fair
622	Fair
623	Fair
624	Fair
625	Fair
626	Fair
627	Fair
628	Fair
629	Fair
630	Fair
631	Fair
632	Fair
633	Fair
634	Fair
635	Fair
636	Fair
637	Fair
638	Fair
639	Fair
640	Fair
641	Fair
642	Fair
643	Fair
644	Fair
645	Fair
646	Fair
647	Fair
648	Fair
649	Fair
650	Fair
651	Fair
652	Fair
653	Fair
654	Fair
655	Fair
656	Fair
657	Fair
658	Fair
659	Fair
660	Fair
661	Fair
662	Fair
663	Fair
664	Fair
665	Fair
666	Fair
667	Fair
668	Fair
669	Fair
670	Good
671	Good
672	Good
673	Good
674	Good
675	Good
676	Good
677	Good
678	Good
679	Good
680	Good
681	Good
682	Good
683	Good
684	Good
685	Good
686	Good
687	Good
688	Good
689	Good
690	Good
691	Good
692	Good
693	Good
694	Good
695	Good
696	Good
697	Good
698	Good
699	Good
700	Good
701	Good
702	Good
703	Good
704	Good
705	Good
706	Good
707	Good
708	Good
709	Good
710	Good
711	Good
712	Good
713	Good
714	Good
715	Good
716	Good
717	Good
718	Good
719	Good
720	Good
721	Good
722	Good
723	Good
724	Good
725	Good
726	Good
727	Good
728	Good
729	Good
730	Good
731	Good
732	Good
733	Good
734	Good
735	Good
736	Good
737	Good
738	Good
739	Good
740	Very Good
741	Very Good
742	Very Good
743	Very Good
744	Very Good
745	Very Good
746	Very Good
747	Very Good
748	Very Good
749	Very Good
750	Very Good
751	Very Good
752	Very Good
753	Very Good
754	Very Good
755	Very Good
756	Very Good
757	Very Good
758	Very Good
759	Very Good
760	Very Good
761	Very Good
762	Very Good
763	Very Good
764	Very Good
765	Very Good
766	Very Good
767	Very Good
768	Very Good
769	Very Good
770	Very Good
771	Very Good
772	Very Good
773	Very Good
774	Very Good
775	Very Good
776	Very Good
777	Very Good
778	Very Good
779	Very Good
780	Very Good
781	Very Good
782	Very Good
783	Very Good
784	Very Good
785	Very Good
786	Very Good
787	Very Good
788	Very Good
789	Very Good
790	Very Good
791	Very Good
792	Very Good
793	Very Good
794	Very Good
795	Very Good
796	Very Good
797	Very Good
798	Very Good
799	Very Good
800	Excellent
801	Excellent
802	Excellent
803	Excellent
804	Excellent
805	Excellent
806	Excellent
807	Excellent
808	Excellent
809	Excellent
810	Excellent
811	Excellent
812	Excellent
813	Excellent
814	Excellent
815	Excellent
816	Excellent
817	Excellent
818	Excellent
819	Excellent
820	Excellent
821	Excellent
822	Excellent
823	Excellent
824	Excellent
825	Excellent
826	Excellent
827	Excellent
828	Excellent
829	Excellent
830	Excellent
831	Excellent
832	Excellent
833	Excellent
834	Excellent
835	Excellent
836	Excellent
837	Excellent
838	Excellent
839	Excellent
840	Excellent
841	Excellent
842	Excellent
843	Excellent
844	Excellent
845	Excellent
846	Excellent
847	Excellent
848	Excellent
849	Excellent
850	Excellent

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 Credit	Eligibility
Secured Credit Card	Yes
Unsecured Credit Card	Yes
Best Rewards Credit Card	No
0% APR Credit Card	Maybe
Personal Loan	Yes
Apartment Rental	Probably
Home Loan	Yes
Auto Loan	Yes

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.

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.

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.

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 score	APR	Monthly payment	Total interest paid
720 - 850	6.511%	$237	$1,386
690 - 719	7.744%	$243	$1,661
660 - 689	9.573%	$252	$2,076
620 - 659	10.739%	$257	$2,345
590 - 619	15.055%	$279	$3,372
500 - 589	16.484%	$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.

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 score	APR	Monthly payment	Total interest paid
760 - 850	6.129%	$304	$59,416
700 - 759	6.351%	$311	$62,014
680 - 699	6.528%	$317	$64,104
660 - 679	6.742%	$324	$66,652
640 - 659	7.172%	$338	$71,841
620 - 639	7.718%	$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.

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.

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.