Understanding Your 667 Credit Score: What It Means and How to Improve It

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By MarkPeters

So, you’ve checked your credit score, and it’s sitting at 667. Not too shabby, right? But, what does a 667 credit score really mean, and how can it impact your financial life? Let’s dive into the nitty-gritty of this three-digit number, explore its implications, and learn how you can boost it to unlock better financial opportunities.

What Is a 667 Credit Score?

A credit score of 667 falls into the “fair” category. Credit scores typically range from 300 to 850, and the higher your score, the better your credit health. While 667 isn’t a bad score, it’s not great either. It means you have some positive credit history, but there’s room for improvement.

How Is Your Credit Score Calculated?

Your credit score is calculated based on several factors:

  • Payment History (35%): Have you paid your bills on time?
  • Amounts Owed (30%): How much debt do you have compared to your credit limits?
  • Length of Credit History (15%): How long have you had credit accounts?
  • Credit Mix (10%): Do you have a variety of credit types (e.g., credit cards, mortgage, auto loans)?
  • New Credit (10%): Have you recently applied for or opened new credit accounts?

Understanding these components can help you figure out why your score is at 667 and what you can do to improve it.

The Impact of a 667 Credit Score

On Loans and Mortgages

With a 667 credit score, you may qualify for loans and mortgages, but not at the most favorable terms. Lenders view you as a moderate risk, which means higher interest rates compared to someone with a higher score. Over time, this can add up to thousands of dollars in extra interest payments.

On Credit Cards

You might get approved for credit cards, but you won’t have access to the best rewards or the lowest interest rates. Moreover, your credit limit may be lower, affecting your purchasing power.

On Employment

Some employers check credit scores as part of their hiring process. While a 667 score isn’t terrible, it might raise some eyebrows, particularly for positions requiring financial responsibility.

Steps to Improve Your 667 Credit Score

1. Pay Your Bills on Time

This might sound like a no-brainer, but timely bill payments have the most significant impact on your credit score. Set up reminders or automatic payments to avoid late fees and dings to your credit.

2. Reduce Your Debt

Aim to keep your credit utilization ratio below 30%. If you have $10,000 in available credit, try to keep your total debt below $3,000. Paying down balances and avoiding new debt are key strategies.

3. Check Your Credit Report for Errors

Mistakes on your credit report can drag your score down. Request a free report from the major credit bureaus and dispute any inaccuracies you find.

4. Avoid Opening New Credit Accounts

Each application for new credit results in a hard inquiry on your report, which can temporarily lower your score. Be strategic about when and why you apply for new credit.

5. Diversify Your Credit Mix

If you only have credit cards, consider adding a different type of credit, like an installment loan. This can improve your score by showing you can handle various types of credit.

6. Keep Old Accounts Open

The length of your credit history affects your score, so keep old accounts open, even if you don’t use them frequently. Closing them can shorten your credit history and hurt your score.

FAQs About a 667 Credit Score

What’s the difference between a 667 credit score and a good credit score?

A good credit score is typically 700 or higher. With a 667 score, you’re in the fair range, meaning you might face higher interest rates and less favorable loan terms.

Can I buy a house with a 667 credit score?

Yes, you can buy a house with a 667 credit score, but you may not get the best interest rates. It’s a good idea to improve your score before applying for a mortgage to save money in the long run.

How long does it take to improve a 667 credit score?

Improving your credit score can take time, depending on the factors affecting it. With consistent, positive credit behaviors, you might see improvement within six months to a year.

Does a 667 credit score affect my ability to rent an apartment?

Yes, a 667 credit score can impact your rental applications. Some landlords may require a higher score or additional security deposits.


A 667 credit score is a decent starting point, but there’s plenty of room for improvement. By understanding the factors that contribute to your score and implementing strategies to enhance it, you can unlock better financial opportunities. Remember, the key to a healthy credit score is consistent, responsible credit management.

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By following the tips and insights shared in this article, you’ll be well on your way to boosting your 667 credit score and reaping the benefits of a healthier financial profile.