Is 664 a Good Credit Score? Exploring Its Importance and Effects


When it comes to managing your finances, your credit score plays a pivotal role. One commonly asked question is, "Is 664 a good credit score?" Your credit score reflects your creditworthiness and influences your ability to secure loans, mortgages, or credit cards. In this comprehensive guide, we'll delve into the significance of a credit score of 664, its effects on your financial life, and actionable steps to enhance it.

Is 664 a Good Credit Score?

A credit score of 664 falls within the fair-to-good range. While it's not excellent, it's certainly not poor either. Lenders typically consider this score as an indicator of moderate creditworthiness. While you might qualify for certain financial products, you might encounter limitations and higher interest rates compared to individuals with higher credit scores.

Understanding Credit Scores

Credit scores, usually ranging from 300 to 850, are numerical representations of your credit history. They're evaluated based on several factors, including payment history, credit utilization, length of credit history, types of credit, and new credit. Lenders assess your score to determine the risk associated with lending you money.

Factors Affecting a Credit Score

Your credit score is influenced by various factors:

  • Payment History: Timely payments contribute significantly to your score. Any missed payments can have adverse effects.
  • Credit Utilization: This is the ratio of your credit card balances to credit limits. Maintaining a low utilization rate is crucial.
  • Length of Credit History: A longer credit history can be advantageous, showcasing your ability to manage credit over time.
  • Types of Credit: A diverse credit portfolio, including credit cards, loans, and mortgages, can positively impact your score.
  • New Credit: Opening multiple new accounts in a short period can be seen as risky behavior.

The Impact of a 664 Credit Score

A credit score of 664 can affect you in several ways:

  • Loan Approvals: You may qualify for loans, but interest rates could be higher compared to individuals with better scores.
  • Credit Cards: You can likely get approved for credit cards, but premium cards with exclusive perks might be harder to obtain.
  • Mortgages: While you might secure a mortgage, competitive interest rates may be a bit elusive.
  • Renting: Landlords might consider your credit score when leasing apartments, affecting rental opportunities.

How to Improve a 664 Credit Score

Boosting your credit score is achievable with dedication and careful planning:

  • Pay Bills Promptly: Consistently pay your bills on time to establish a positive payment history.
  • Reduce Debt: Aim to lower your credit card balances to improve your credit utilization ratio.
  • Limit New Credit: Avoid opening multiple new accounts within a short period to prevent a negative impact.
  • Monitor Your Credit: Regularly check your credit report for errors and discrepancies that could be dragging your score down.
  • Credit Mix: Strive for a balanced mix of credit types to demonstrate your ability to manage various financial obligations.

FAQs About Credit Scores

Q: Can I secure a mortgage with a credit score of 664?

A: Yes, you can get a mortgage, but you might face higher interest rates.

Q: Will my credit score improve instantly if I pay off a large debt?

A: While paying off debts helps, credit score improvement takes time and consistent good financial habits.

Q: Is it possible to negotiate interest rates with a credit score of 664?

A: Yes, negotiation is possible, but your leverage might be limited due to your credit score.

Q: How long does negative information stay on my credit report?

A: Negative information, like missed payments, can stay on your report for up to 7 years.

Q: Can I apply for a car loan with a 664 credit score?

A: Yes, you can apply, but interest rates might be higher.

Q: Will my credit score affect my job application?

A: In some cases, employers might check credit scores for positions involving financial responsibilities.


In conclusion, a credit score of 664 is a reasonable score, but there's room for improvement. By practicing responsible financial habits, you can enhance your creditworthiness over time. Remember that credit scores are dynamic and can change based on your actions. So, strive for progress, and eventually, you'll enjoy the benefits of a higher credit score, better interest rates, and increased financial opportunities.

Ready to take control of your credit? Call (888) 804-0104 for expert advice and action plans tailored to you.