635 Credit Score

When I was applying for my first loan I found that I had a 635 credit score.

I had no idea if this was good or bad.

Turns out at the time it was mainly due to not a long enough credit history.

And that means it was something I could fix over time.

If you have a 635 credit score.

You can follow the tips on this page and learn of ways to use it to your advantage.

Do you know what your credit score is?

You can find out by going to the Equifax home page here.

Unfortunately, a 635 FICO score is considered below average.

This score is considered a fair range and can be due to several factors.

One of those reasons could be poor credit.

If you have missed payments, for example, this can affect your credit score.

This means you might get declined or have a difficult time when applying for credit.

Although you will learn of some ways to apply for personal loans and home loans here.

What Is A Good Credit Score?

So what is a good credit score?

The range for credit is between 300 and 850.

According to an article in Experian, the following scores determine if you have a good credit score.

VERY POOR: 300 – 579

FAIR: 580 – 669

GOOD: 670 – 739

VERY GOOD: 740 – 799

Exceptional: 800 – 850

So What Does Your Credit Score Mean?

Here is how your credit score can impact you below:

VERY POOR: When applying for credit you may have to pay a fee or a deposit.

FAIR: This Range Is considered Subprime bowers.

GOOD: Likely approved for credit but not with the best rates.

VERY GOOD: You can receive better rates from lenders.

Exceptional: Receive the best rates from lenders.

The bottom line is the better your credit score the better rates you can receive from lenders.

Watch Video For Tips On How To Boost Your Credit Score:

635 Credit Score Personal Loan

So you want a personal loan but you have a 635 credit score.

You might have already applied and looking for more options.

That’s good, here you will find additional ways to apply for a personal loan.

Here Are Some Personal Loan Resources Below:

#1. Speedy Net Loans

You can get up to $5K as fast as tomorrow.

The form is fast and easy to fill out and takes about 5 minutes to complete.

#2. Slam Dunk Loans

Online Personal Loans up to $50,000

You may be approved even with a poor credit history.

#3. Max Loans 365

You can apply for a personal loan up to $15,000

If you are 18 years old or older, you may qualify for a loan.

funds are typically available in your bank account as soon as the next business day.

635 Credit Score Home Loan

Securing a home loan with a 635 credit score.

This can be difficult because even when you get the approval you might not get the best rate.

I went through this and even though the rate wasn’t horrible I wasn’t happy with it and continued to search so I could compare for the best rate possible.

It was a good thing I didn’t accept the first approval because I was able to save over $150 monthly by locating a better rate.

That’s what I want to help you do as well.

Searching for the best rate will be the biggest issue in most cases when you have a 635 credit score.

Below Are Great Options For Home Loans:

#1. Bad Credit Loans

They can offer those who have bad credit and want to buy a home.

For those who already own a home and are struggling with high mortgage payments and increasing interest rates, mortgage loans can provide the following:

Repair and rebuild your credit rating
You can consolidate all your bills into one, low monthly payment
Extra cash when needed for home repairs and improvements

#2. View Foreclosure Homes

You can find a home that’s foreclosed within a few miles of your location!

There over two million listings to explore, they are the largest database of foreclosed homes in the industry.

You get the full details on each home and the surrounding area, schools, neighborhood, crime index and much, much more.

I love finding foreclosed homes because you can score a great deal.

And it could be a nice option is you are having a difficult time locating a home you can afford now.

Conclusion

Do you have a 635 credit score?

If you do you still have options in what is considered a fair FICO score.

The loans you qualify for might not be the best rates, but you can improve on that over time.

What you can do now is compare rates and lock in on the best one at this time.

That’s what I did and within 24 months I no longer had a 635 credit score.

It had gone up several points pushing me in the Good range and the actions I took paid off big time.

If you know of someone that has a fair credit score and needs help please share this post with them.

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