Is 670 a good credit score?


Quick Answer

A credit score of 670 is considered average as of 2014, according to Melissa Ezarik for Bankrate. Although classifications of credit scores change over the years, a score of 720 to 850 is ideal. Credit scores range from 300 to 850 and can vary based on debt and spending activity.

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Full Answer

Lenders use credit scores to make lending decisions, and each lender typically has its own strategy and opinion regarding what constitutes a good credit score, which is the global standard for evaluating credit risk. Additional factors, such as debt, on-time payments and the ratio of credit card balances compared to credit card limits, also affect a credit score, explains the Fair Isaac Corporation on myFico.com.

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