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Credit Card Applications » FAQs » Other Questions » Is a FICO score 670 a good score? Also, If I have that score, would I generally qualify for a...

Is a FICO score 670 a good score? Also, If I have that score, would I generally qualify for a personal loan of say $5000? If not, what is most likely the amount I may qualify for. ( I filed bankruptcy 6yrs ago)

Date: August 21, 2008, 4:41 am

Yes, the number of 670 stands for good credit score and, but for your bankruptcy, you would be able to get this limit personal loan or a credit card. However, there are some chances that you'll qualify for some lower limit cards and they depend on your current credit status.

If you are through with repairing credit and you haven't had any late or missed payments in the latest years, then you might qualify for Capital One Standard Platinum or Platinum credit card with a limit up to $3,000. We suggest that you apply for one of these "average credit" cards because your credit score is closer to the average and you probably won't be able to get a high limit card for excellent payment history.

As a rule, Capital One doesn't offer cards for rebuilding or re-establishing credit, so make sure that your credit report is in good standing. The bank must see that you've completely recovered and you've practiced responsible credit behavior during these 6 years. No outstanding balances or exceeded limits should be found in your file.

However, if you're still re-establishing credit after bankruptcy or if there are some delinquent accounts of the recent time, you will only qualify for bad credit cards. Centennial Gold MasterCard®/Visa from First PREMIER Bank might be an option. Though its credit limit is small (up to $300), it can be a good tool to boost your credit scores.

So, check your credit report to learn which of these cards you might qualify for and apply online.

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