Is 687 a Good Credit Score? What You Need to Know


Having a good credit score is essential for various aspects of your financial life. One common question that arises is, "Is 687 a good credit score?" This article will delve into the intricacies of a credit score of 687, explaining its significance, its impact on your financial health, and how you can make the most of it to achieve your financial goals.

Is 687 a Good Credit Score?

A credit score of 687 falls within the fair-to-good range, indicating that you are on the right track, but there is still room for improvement. While it may not be categorized as excellent, it's certainly not bad either. Lenders typically consider a credit score above 670 as a positive sign. A score of 687 suggests that you have managed your credit responsibly, but there might be a few factors holding you back from reaching the higher tiers.

Factors Influencing a Credit Score

Several factors contribute to your credit score. These include:

  1. Payment History

Your payment history carries significant weight in determining your credit score. Consistently making on-time payments positively impacts your score, while missed payments can have adverse effects.

  1. Credit Utilization

This factor indicates the ratio of your credit card balances to your credit limits. Keeping this ratio low is advisable, as high credit utilization can signal financial strain.

  1. Length of Credit History

The length of time your credit accounts have been active influences your credit score. Longer credit history demonstrates your ability to manage credit over an extended period.

  1. Types of Credit

Having a mix of different types of credit, such as credit cards, mortgages, and loans, can reflect positively on your creditworthiness.

  1. New Credit

Opening multiple new credit accounts within a short period can lower your credit score, as it may indicate financial instability.

Leveraging a Credit Score of 687

While a credit score of 687 is decent, there's always room for improvement. Here's how you can enhance your credit profile:

  1. Timely Payments

Consistently paying your bills and debts on time is crucial. Consider setting up reminders or automatic payments to ensure you never miss a due date.

  1. Reduce Credit Card Balances

Lowering your credit card balances can improve your credit utilization ratio. Aim to keep your balances below 30% of your credit limits.

  1. Regularly Check Your Credit Report

Monitoring your credit report allows you to catch errors or fraudulent activities early. You're entitled to a free annual credit report from each of the major credit bureaus.

  1. Avoid Opening Unnecessary Accounts

While having a mix of credit types is beneficial, avoid opening new accounts unless necessary. Each new account can temporarily lower your credit score.

FAQs About Credit Scores

Q: Can I get a mortgage with a credit score of 687?

A: Yes, you can qualify for a mortgage with a credit score of 687, but you might face higher interest rates. Consider improving your score before applying for a mortgage to secure better terms.

Q: How long will it take to improve my credit score from 687 to 750?

A: The time it takes to improve your credit score depends on various factors, including your financial habits and the specific issues affecting your score. With consistent effort, you could see improvements within a year or two.

Q: Will closing old accounts boost my score?

A: Closing old accounts can actually lower your credit score by shortening your credit history and reducing your overall available credit. It's generally better to keep old accounts open and occasionally use them to maintain their positive impact.

Q: Can I negotiate interest rates with a credit score of 687?

A: While a credit score of 687 might not give you as much negotiating power as a higher score, you can still inquire about interest rate reductions. Highlight your responsible credit behavior and consider refinancing options to potentially lower rates.

Q: How often should I check my credit score?

A: It's recommended to check your credit score at least once a year. Regular monitoring helps you identify any issues and track your progress.

Q: Will my score improve if I pay off a collection account?

A: Paying off a collection account is generally a positive step, but it might not immediately lead to a significant credit score boost. Over time, as the collection account's impact diminishes, your score could improve.


In conclusion, a credit score of 687 is a decent starting point, but there's always room for enhancement. By practicing responsible financial habits, such as making timely payments and managing credit utilization, you can gradually raise your score and open doors to better financial opportunities. Remember that a credit score is a reflection of your financial health, and improving it takes time and consistent effort.

If you're wondering, "Is 687 a good credit score?" the answer is yes, but there's potential for it to be even better. Use this score as a motivator to take charge of your financial well-being and work towards achieving a stronger credit profile.

Elevate your financial standing today! Connect with us at (888) 804-0104 to explore credit-boosting solutions.