FREQUENTLY ASKED QUESTIONS

Resource for all your most important questions.

Cash advance loans are designed to help you in emergency situations. These loans are versatile and can be used for many different reasons, such as unexpected medical or vet bills, emergency home repairs, car repairs, and so on. 

Cash advance loans are fairly straightforward, and aim to provide extra cash to help you before your next paycheck. By taking out a cash advance loan, you will get back on your feet, and improve your financial situation with ease.

What Is the Possibility of Getting a Personal Loan With a 635 Credit Score?

The possibility of getting a personal loan with a credit score of 635 is quite high. A 635 credit score is considered to be “fair” according to the FICO scoring model. This means there are probably a number of different loans you would qualify for. That being said, it isn’t considered a “good” or “excellent” score so you may not be offered the lowest interest rates. 

The world of credit and credit scores can seem daunting at times. Keeping track of your credit report, your credit score, and the types of loans and financial products you qualify for can be confusing and time-consuming. But starting to gain an understanding of credit scores and how they work will help you to better manage your finances in the future. 

Your credit score is a three-digit number that tells lenders how “creditworthy” you are. Creditworthiness is a term that’s used to describe how trustworthy you are when you borrow money or use credit products. Having a high credit score and a good borrowing history will tell lenders that you are creditworthy. This will lead to more loan approvals and better interest rates. 

On the flip side of that coin, having a low credit score will show lenders that they may not be able to trust you with a loan or credit card. You may not be able to get approved for the loans you need, and if you are approved you probably won’t get the best interest rate. 

Here’s how the credit scores are broken down into categories by FICO, one of the top credit bureaus that tracks your financial behavior:

  • 0 to 580 – Poor credit
  • 580 to 669 – Fair credit
  • 670 to 739 – Good credit
  • 740 to 799 – Very good credit
  • 800 to 850 – Exceptional credit

Keeping track of where you fall in this breakdown is very important. It will help you to know what to expect when you apply for credit or loans. It will also show you how much you need to improve your credit in order to be eligible for better loans, credit cards, and financial products.

Other Frequently Asked Questions

What Is the Possibility of Getting a Personal Loan With a 635 Credit Score?

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¹Not all loan requests are approved. Approval and loan terms vary based on credit determination and state law. Applications approved before 10:30 a.m. CT Monday – Friday are generally funded the same business day. Applications approved after this time are generally funded the next business day. Some applications may require additional verification, in which case, the loan if approved, will be funded the business day after such additional verification is completed.