What Does a 674 Credit Score Mean?
If you have a 674 credit score, you are in the "good" credit range according to most scoring models. This puts you ahead of many Americans but still leaves room for improvement that could save you thousands of dollars.
Credit Score Ranges Explained
- Excellent (800-850): Best rates and terms available
- Very Good (740-799): Above average, good rates
- Good (670-739): Near average, decent rates
- Fair (580-669): Below average, higher rates
- Poor (300-579): Difficulty getting approved
What Can You Get With a 674 Score?
With a 674 credit score, you can typically qualify for:
- Most credit cards with reasonable terms
- Auto loans with competitive rates
- Personal loans, though rates may be higher
- Mortgages (FHA loans require 580+, conventional often 620+)
- Apartment rentals in most areas
How to Improve Your 674 Credit Score
Moving from good to very good credit (740+) can significantly improve your financial options:
1. Pay Down Credit Card Balances
Aim to keep your credit utilization below 30%, ideally under 10%. This is the fastest way to see score improvements.
2. Pay All Bills on Time
Payment history is 35% of your score. Set up automatic payments to never miss a due date.
3. Check for Errors
Review your credit reports from all three bureaus and dispute any inaccuracies you find.
4. Avoid New Credit Applications
Each hard inquiry can temporarily lower your score by a few points.
5. Consider Becoming an Authorized User
Ask a trusted family member with excellent credit to add you as an authorized user.
Timeline for Improvement
With consistent effort, you can typically see improvements within 3-6 months. Significant changes may take 6-12 months depending on your starting point and the strategies you implement.