Financial Education

Understanding Your 670 Credit Score

A 670 FICO Score falls in the “good” credit category. Improving this score can make loan, credit card, and mortgage approvals easier. Pay off debts on time and avoid unnecessary loans like payday loans or cash advances to boost your credit.

While a 670 score is good, it’s also one point away from being classified as a “fair” score, which ranges between 580 and 669.

It’s always a good idea to try and improve your current credit score, especially if you are on the cusp of falling into a lower credit category. In this article, you will learn about your financial options with a good credit score and how you can work on obtaining an average score.

Explore Your Options

Excellent

based on 12,847 reviews

Trustpilot

I have used Credit Ninja several times for fast short term loans.

“I have used Credit Ninja several times for fast short term loans. The process is fast and easy. Usually have money deposited in under 24 hours”.

Maria T.5 hours ago

Credit ninja is awesome lender.

“Credit ninja is awesome lender. Got my money deposited right away. No credit check. No hassles. Definitely recommend their services to my friends & family…”

Maria T.5 hours ago

Quick service and very easy to apply.

“Quick service and very easy to apply. Will definitely refer my friends and family”.

Maria T.5 hours ago

Key Takeaways for a 670 Credit Score

Overview of Your Rating

670 is generally considered to be “good” or “prime” across most credit scoring models.

Borrowing Options

You may qualify for various financing options, but your rates and terms may not be the best.

Improving Your Score

Although you have good credit, your 670 FICO Score is still low. You can improve your score by reducing your credit card debt and avoiding late payments.

Is a 670 Credit Score Good?

According to FICO, a 670 credit score is good. However, borrowers with this specific credit score are in danger of dropping to the “fair” credit range. Poor and fair credit scores are generally considered to be subprime scores by financial institutions. If you want to maintain good credit, it’s essential to keep working on improving your credit score.

Pro Tip: Many lenders look beyond just the score. Consistent income and recent payment history can still unlock opportunities.

US Population Credit Score Distribution

Poor

Fair

Good

Very Good

Exceptional

300-579

580-669

670-739

740-799

800-850

Check out some of our partners...

Explore financial products tailored for your current credit standing. These partners specialize in helping people rebuild.

Get Started

Credit Builder Account

Build credit while saving money simultaneously.

No hard credit pull required to apply.

Reports to all three major credit bureaus.

Learn More ›

Get Started

Lease-to-Own Solution

Flexible lease purchase plans for essential items.

Simple process with instant decisions.

No credit required option available.

Learn More ›

Personal Loans

Borrowers with good credit score ranges can typically qualify for personal installment loans. An online personal loan is a convenient financing option because the qualification requirements vary based on the lender. This type of loan can be used for all types of personal expenses, so many people rely on them during financial emergencies.

Bank Loans

Banks offer various types of installment loans for consumers. Many people apply with a bank when they need a large loan, such as a mortgage, home equity line of credit, or auto loan. While you may qualify for a bank loan with a 670 score, know that your rate will likely not be as low compared to someone with higher credit.

Credit Cards

You may qualify for credit cards with a good credit score. However, while credit cards are a convenient financial tool, they can be very pricey. Credit cards usually have higher APRs than some loans, so it’s essential to use them wisely and avoid carrying too much debt.

Here are a few credit card options for a 670 credit score:

• Citi Double Cash® Card

• Avant Credit Card

• Capital One QuicksilverOne Cash Rewards Credit Card

• Discover it® Student Chrome

• Mission Lane Cash Back Visa® Credit Card

• Upgrade Cash Rewards Visa®

Woman reviewing her borrowing options at home

Action Plan

How To Maintain Your 670 Credit Score

You can maintain a good credit score by following these helpful tips:

Limit Credit Inquiries

Credit inquiries require hard credit checks, which can decrease credit scores by as much as ten points! If you want to maintain or even improve your credit score, it’s critical to avoid having too many inquiries on your credit reports. According to Consumer Attorneys, individual consumers are expected to average around two hard inquiries a year.¹

Make Timely Payments

A credit scoring model is a statistical tool used to help financial institutions evaluate creditworthiness. There are different credit scoring models that lenders use, such as FICO and VantageScore. Both of these models place a lot of importance on payment history. If you have no late payments on any of your credit reports, you can maintain your good credit score.

Here’s a table that outlines how late payments can affect credit:

Maintain Low Debt

Too much credit card debt can decrease credit scores. Most borrowers that have higher credit scores use less than 30% of their total credit limits. In order to maintain your current FICO Score, only use your credit card when you can pay the balance in full.

If you currently have a lot of existing debt, you can try one of the following repayment methods:

• Use a debt consolidation loan or balance transfer loan

• Pay more than the minimum every month

• Use the debt avalanche or snowball method

• Work with a credit counselor

Can I Buy a House With a 670 Credit Score?

Qualifying for a home is possible if you have a 670 FICO Score. While you have good credit, your score is still pretty low. If you want to get low rates and provide a low down payment, you could consider using an FHA loan.

FHA loans are backed by the Federal Housing Administration, which allows prospective home buyers with low credit and low income to purchase a primary residence. In 2023, FHA helped 765,000 families purchase homes.² Eligible applicants with credit scores higher than 580 can get mortgage loans worth 96.5% of the home value and provide a down payment as low as 3.5%.

Mortgage Type

Description

Credit Score Requirements

Key Features

FHA Loan

Insured by Federal Housing Administration.

As low as 500 with 10% down.

Lower down payment requirements.

VA Loans

Backed by Dept. of Veterans Affairs.

Typically 620 (varies by lender).

No down payment required; no PMI.

USDA Loans

For homebuyers in rural/suburban areas.

640 for automatic underwriting.

No down payment required.

Brand

Loans like Lendumo®

Lendmo is an online tribal lender that offers installment loans. Similar lenders to Lendmo include River Valley Loans, Mawka Finance,…

Quick and easy Personal Loans up to $5,000*

Don’t let unplanned expenses ruin your budget. Apply today and get back on track.

Apply Now