A 673 credit score falls within the range of scores that lenders typically consider to be “good.”
It’s not in the “very good” or “exceptional” credit tiers and generally won’t qualify you for a lender’s best interest rates or loan terms.
However, a 673 credit score is not uncommon for borrowers to achieve, and it’s usually fairly easy to improve. By repairing your credit, you can unlock better loan rates and improved terms for yourself and your family.
Overview of a 673 Credit Score
A 673 credit score falls within a range that lenders consider to be “good.” This is a broad category that includes scores from 670 to 739.
A score in this range isn’t quite as high as the very good and exceptional tiers, but it still qualifies you for a variety of borrowing options. However, you may not receive the best interest rates or loan terms available.
The primary factors that your credit score analyzes are your overall payment history, the types of credit you have, and the amount of debt you owe. The more you owe, the lower your credit score will be.
Credit Card Options with a 673 Credit Score
If you have a 673 credit score, you should be able to get approved for many different types of credit cards. This includes unsecured credit cards with rewards and low fees, as well as 0% APR offers on purchases and balance transfers.
One option is the Capital One QuicksilverOne Cash Rewards Credit Card, which has a 1.5% cash back rewards program and charges no annual fee. It also rewards good credit behavior by automatically reviewing your account for a higher line of credit in as little as six months.
Another card that can help you build your credit with a 673 credit score is the Journey Student Rewards Credit Card from Capital One, which is designed for students. Its no annual fee and no foreign transaction fees make it a good choice for college students.
Auto Loans with a 673 Credit Score
If you have a 673 credit score, you may be eligible for auto loans. However, you should remember that credit scores are just one of many factors lenders consider when deciding whether or not to extend a loan.
Your credit score is a number that reflects your total debt and credit mix. It is influenced by how much of your debt is revolving and how much is installment credit, such as a car loan or mortgage.
You can improve your credit score by paying on time and keeping a low balance on revolving credit cards. Getting rid of bad or inaccurate accounts is another way to boost your score.
If you have a credit score of 673, you should be able to get an auto loan from most banks or credit unions. But be sure to compare your options carefully before committing to a loan.
Personal Loan Options with a 673 Credit Score
There are a number of personal loan options for people with a 673 credit score. These range from unsecured, no-collateral loans to secured, collateralized loans like home equity lines of credit (HELOCs) or mortgages.
Those with fair credit can also seek help from credit unions, which may be more forgiving of those with less-than-perfect credit histories. These lenders often have lower interest rate caps and fees than traditional banks, making them a good choice for many borrowers.
The best way to start is by getting a free personalized credit analysis from WalletHub. This will give you a more in-depth look at your credit score and help you determine which types of loans would be best for your situation.
Mortgages with a 673 Credit Score
Your 673 credit score makes you eligible for a variety of mortgages. These include conventional loans (those that meet the lending standards set by Fannie Mae and Freddie Mac), as well as FHA loans, which offer a lower down payment requirement.
Mortgage lenders also look for other factors like your income, employment history, and assets when deciding whether to approve you. Borrowers with a higher credit score should be able to qualify for the best rates, while those with lower scores may not.
Your credit score is based on the total amount of debt you owe, as well as the types of credit you use. The combination of these factors can influence up to 10% of your overall FICO(r) Score.