In a Nutshell: A fair credit score is typically in the middle of the range, not very high nor very low. You might have trouble getting approved for some credit cards or loans with advantageous terms and rates if your credit score is only fair. You can improve your credit by learning how to read and comprehend your free credit reports and credit scores from Credit Karma. Editorial Note: Intuit Credit Karma receives compensation from third-party advertisers, but that doesn’t affect.
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So, you’ve checked your credit score and landed on a 671 Now what? Is that good, bad, or somewhere in between? The answer, as with most things in life, is: it depends. Let’s dive into the world of credit scores and understand what a 671 means for you, along with some tips on how to boost it to even greater heights
Is 671 a Good Credit Score?
A 671 credit score falls within the “Good” range, according to both Experian and WalletHub. This means you’re in a pretty sweet spot, with access to a wide variety of loans and credit cards. However, there’s always room for improvement, especially if you’re aiming for the best possible interest rates and financial products.
What Does a 671 Credit Score Mean?
Here’s a breakdown of what a 671 credit score signifies:
- You’re considered a reliable borrower by lenders. This means you’re likely to be approved for loans and credit cards, although you might not get the absolute lowest interest rates or the most exclusive perks.
- You’re part of a large group. Around 21% of Americans have a credit score in the 670-739 range, so you’re in good company.
- There’s room for improvement. While a 671 is good, it’s not exceptional. By taking steps to improve your credit score, you can unlock even better loan terms and financial opportunities.
How to Improve Your 671 Credit Score
Are you prepared to raise your credit score to a higher level? Follow these practical suggestions:
- Pay your bills on time, every time. This is the single most important factor affecting your credit score. Set up automatic payments or reminders to avoid any late payments.
- Keep your credit utilization low. Aim to use less than 30% of your available credit limit on your credit cards. This shows lenders you’re responsible with credit.
- Check your credit reports for errors. Mistakes happen, and sometimes these errors can negatively impact your credit score. Regularly reviewing your credit reports from all three bureaus (Experian, Equifax, and TransUnion) can help you identify and dispute any inaccuracies.
- Build a positive credit history. Apply for and use credit responsibly, such as by getting a secured credit card or becoming an authorized user on someone else’s account.
- Limit applying for new credit. Every time you apply for a new credit card or loan, a hard inquiry is placed on your credit report. Too many hard inquiries in a short period can lower your score.
Remember, improving your credit score takes time and effort. But by following these tips and staying disciplined, you can reach your credit score goals and unlock a world of financial benefits.
Additional Resources:
- Experian: https://www.experian.com/blogs/ask-experian/credit-education/score-basics/671-credit-score/
- WalletHub: https://wallethub.com/credit-score-range/671-credit-score
- Experian Credit Report: https://www.experian.com/
- Equifax Credit Report: https://www.equifax.com/
- TransUnion Credit Report: https://www.transunion.com/
By taking control of your credit score, you’re taking control of your financial future. So, get out there and start building that credit score!
Hard inquiries by credit score range
| Credit score range | Average number of inquiries |
|---|---|
| 300–639 | 8 |
| 640–699 | 5 |
| 700–749 | 4 |
| 750–850 | 3 |
Ranges identified based on 2023 Credit Karma data.
What credit card can I get with a 671 credit score?
As someone with fair credit, you may have access to a number of unsecured credit cards. Unlike secured cards, an unsecured card doesn’t require you to put down a security deposit.
That’s a plus, but there are other factors to consider. For example, many unsecured cards available to applicants with fair credit may charge an annual fee. Additionally, these cards might have a high variable annual percentage rate (APR) on purchases. If you carry a balance rather than paying off at least your statement balance each month, this could result in high interest charges.
If your credit is fair, you may be able to get a credit card with a modest credit limit; however, some issuers will review your credit limit automatically after a few months of on-time payments, at which point they may increase it. Your credit limit is important, because it’s directly correlated with your credit utilization rate.
What is a Perfect / Good / Fair / Bad Credit Score? (EXPLAINED)
FAQ
Can I buy a house with a 671 credit score?
What can I get with a credit score of 671?
|
Type of Credit
|
Do You Qualify?
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Store Credit Card
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YES
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Unsecured Credit Card with No Annual Fee
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YES
|
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Unsecured Credit Card with Rewards
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YES
|
|
Home Loan
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YES
|
Can I buy a car with 671 credit score?
Is 700 a good credit score?
Is 671 a good credit score?
However, even with a 671 credit score, you still have opportunities to obtain decent credit cards or loans. It’s worth noting that making slight improvements to your credit can significantly expand your options and lead to substantial savings. Credit Rating: 671 is still considered a fair credit score.
Is a 671 FICO ® score good?
A 671 FICO ® Score is Good, but by earning a score in the Very Good range, you could qualify for lower interest rates and better borrowing terms. A great way to get started is to check your credit score to find out the specific factors that impact your score the most and get your free credit report from Experian.
Does a 671 credit score matter for a car loan?
Most auto lenders will lend to someone with a 671 score. However, if you want to ensure you qualify for a car loan at the best interest rates, you will want to continue improving your credit score. There are also several other factors that lenders consider when deciding whether to lend to you and at what interest rate.
Is 670 a good credit score?
When you apply again down the line, you learn that you’ve boosted your score to a 670, which is considered a “good” credit score by most credit scoring models. With a 670 credit score, the FICO Loan Calculator now estimates that you might qualify for an APR around 7.89%.