Is a 670 Credit Score Good Enough?

By MoneyLion

You probably already know that you need a good credit score if you want to get the best deal on loans and credit cards. But what’s “good,” what’s “bad” and how does your credit score stack up?

We’re taking a closer look at the 670 credit score and what it means. We’ll also give you a few easy tips that can help you bump up your score, such as joining Credit Builder Plus

Is a 670 Credit Score Good?

Take a second to give yourself a firm pat on the back if you have a 670 credit score. Every credit reporting bureau considers a 670 score to be good. But having a good score is about more than just bragging rights. And having a great one is even better.

According to data from credit reporting bureau Experian, only 8% of people who have a score in the “good” range go on to become seriously delinquent on one of their accounts. This means that if you have a good score (instead of a “fair” or “poor” score) you’ll have access to more lenders and lower interest rates. The higher your score, the less of a risk you pose to lenders, banks and credit card companies. 

What is an Average Credit Score?

Knowing that you have a good credit score is a great feeling. But how does your score compare to other consumers? The average credit score depends on which bureau’s method you’re using for calculation.

Equifax, Experian and TransUnion are the three credit reporting bureaus. Each bureau does basically the same thing — it collects, stores and organizes data on how you use credit. Each bureau compiles your credit data into your credit report. When you look at your credit report, you can see things like how much debt you have and how many times you’ve missed payments on your credit cards. Credit reporting bureaus then use the information on your credit reports to create your credit score.

Many people don’t know that they have three credit scores — one from each bureau. Your score might be a little different depending on the bureau because not every creditor gives information to all three agencies. Each agency also uses its own unique calculation method, which can cause a small variation in your scores.

Let’s examine the ranges for each credit reporting bureau, how they vary and what’s considered a good score for each.  


Some consumers say that credit reporting bureau Equifax’s credit reports are the easiest to read. This is because they organize information by “closed” and “open” accounts. Start with your Equifax report if you’ve never read a credit report before.

Equifax uses the VantageScore scoring model, which places a heavy weight on your payment history. Here are the ranges for Equifax credit scores:

  • Poor: Below 559 points
  • Fair: 560 to 659 points
  • Good: 660 to 724 points
  • Very good: 725 to 759 points
  • Excellent: 760 to 850 points

The highest Equifax score that you can have is 850 points. A 670 credit score puts you squarely in the “good” range. 


TransUnion is another credit reporting bureau that uses the VantageScore model. Instead of classifying your score on a scale of “poor” to “excellent,” TransUnion uses a letter grading system. An “F” grade is the worst score possible and an “A” is the best.

Here’s the score you’ll need to make each grade:

  • F: 300 to 600 points
  • D: 601 to 657 points
  • C: 658 to 719 points
  • B: 720 to 780 points
  • A: 781 to 850 points

The highest credit score you can have under the TransUnion model is 850. A 670 credit score means you’ve earned a “C” grade, which is equivalent to the other bureaus’ “good” range. 


Unlike TransUnion and Equifax, Experian uses the FICO scoring model. FICO credit scores are the scores that lenders, banks and creditors use most often, so pay special attention to your Experian score. Here are the Experian scoring ranges: 

  • Very poor: 300 to 579 points
  • Fair: 580 to 669 points
  • Good: 670 to 739 points
  • Very good: 740 to 799 points
  • Exceptional: 800 to 850 points

The maximum Experian credit score is 850 points. A 670 credit score means you’ve made it into the “good” credit club. 

From 670 to 770: How to Increase Your Credit Score

Are you ready to take your credit score to new heights? Use these tried-and-true credit-building strategies to help see your score rise! 

Make Your Payments on Time

Arguably the most important factor that influences your credit score is your payment history. So one of the most reliable ways to raise your score is to build a long and consistent record of making payments on time. Strive to always make at least the minimum payment on all of your credit cards and loans every month. This will help give you the maximum score increase possible.

Get organized if you’re having trouble keeping track of what’s due when and how much you owe on each account. Sit down with all of your loan and card statements and write down what you owe on each, your minimum monthly payment and your due date. Then, put this information somewhere you’ll see it often, like on your desk or phone calendar. That way, you’ll stay on track with your debt reduction plan and you’ll avoid accidentally lowering your score. 

Get Credit for Your Rent

There’s one bill that you probably always pay on time every month — rent. Rent payments usually don’t count toward your credit score because most landlords don’t bother reporting your payments. 

However, you can ask your landlord if he or she can start reporting your rental payments to credit reporting agencies if it’s not happening right now. You can also use a third-party rent reporting system like Experian’s RentBureau to help increase your credit score. These services log payments you make online and track them as rent payments on your landlord’s behalf. 

Watch Your Utilization

Credit utilization is the percentage of total available credit you use every month. Credit card companies calculate your utilization rate by dividing the dollar amount you leave on your card by your total line of credit. For example, let’s say that you have two credit cards, and both have a limit of $1,000. Your total available credit is $2,000. Let’s also say that you put $250 on each card every month. In this case, your credit utilization would be equal to $500/$2,000, or 25%.

Credit bureaus see you as a riskier borrower if you use too much of your available credit. They assume that you’re likely to fall behind on your payments if you run into financial trouble. A high credit utilization ratio typically lowers your credit score.

You can help raise your credit score by limiting the amount of money you put on your credit cards. Consider carrying a debit card or cash to cover a few purchases per month that you normally put on your credit cards. Ideally, you’ll want to try and keep your utilization rate below 30%. 

Remove Errors from Your Credit Report

Are you doing everything right, yet your score still hasn’t increased? You might have an error on your credit report. About one in every five Americans has at least one error on his or her credit report — and you might be one of them.

If you have errors on your credit report is to pull your reports and hunt for them yourself or use a a service to remove your errors. You can get one free download of each of your credit reports every 12 months by visiting

Download each of your credit reports and comb through them for errors. Some of the most common credit reporting errors include:

  • Incorrect Social Security number under your personal information.
  • Payment data for someone who has a name that’s similar to yours.
  • Accounts that you closed voluntarily listed as “closed by lender.”
  • Payments that you made on time listed as late.
  • Failure to remove old negative credit items after they expire. For example, bankruptcy shouldn’t stay on your credit report for more than seven years.
  • Negative items or overdue loans listed on your account more than once.

Report any errors to the issuing credit reporting bureau. The credit bureau must investigate your claim and remove the item if they can’t prove that it’s correct under the Fair Credit Reporting Act. You must report all errors to each bureau individually if you have an error on all three of your credit reports. 

How Credit Monitoring Can Help Your Score

The last thing you want is for identity theft to throw a wrench into your plan if you’re on the road to a better credit score. It’s a good idea to use a credit monitoring service to keep tabs on your credit reports while you build positive credit habits. A credit monitoring service alerts you whenever a new item appears on your credit report. This can help you track positive items that help you raise your score and stop identity theft before it can damage your score.

MoneyLion offers a credit tracking service that will allow you to view and track your score through the MoneyLion app without damaging your credit. It comes with the MoneyLion Credit Builder Plus membership, which also offers a proven program for improving your credit with a credit builder loan up to $1,000 and 0% APR Instacash advances.

Capturing the Perfect Credit Score

The secret to building a great credit score is developing long-lasting positive financial habits. Pay your bills on time, limit your credit card usage and monitor your reports to help boost your score. It’s easy to get started on the path to healthier credit. Begin by making small steps — pay an extra $10 on your credit card per month or schedule a date to build a household budget. Your credit profile will thank you.

MoneyLion has various tools that you can use to help build the best credit score possible. Download the MoneyLion app from the Google Play or Apple App store today to learn more and get started.

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