A New Way To Think About Your Credit Score
Your exact credit score matters less than the general tier it falls into. You want your credit score to reach key thresholds, like 650 or 700, to qualify you for apartments or loans. Because you have multiple credit scores, lenders evaluate you based on broad credit categories rather than a single exact number.
Transcript
[ELLEN]
Your exact credit score doesn't really matter.
[SUE]
I’m just always checking it because I’m always worried it’s either going to fall… well it’s not, it’s not gonna fall but you know, it’s important like you can get an apartment with it and stuff like that.
[ELLEN]
When you think about your credit score, you often think about a single number. My credit score is 640, but that's not really true.
[ELLEN]
You may be looking at one score, but you do have other credit scores. If you're getting your credit score from somewhere like CreditWise by Capital One or Credit Karma, that's actually much more likely to be your Vantage score than your FICO score.
[ELLEN]
Your exact credit score doesn't really matter. It's really, is your credit score at least 700? Is your credit score at least 650? And that can classify you as whether you have good credit, okay credit or maybe have had some credit challenges.
[ELLEN]
I am the Chief Credit Officer here at Possible Finance. My name is Ellen Falbo.
More in this series
Credit Invisibility: What It Means and How to Fix It
No credit score? You’re not alone. Ellen explains what it means to be “credit invisible” and how to start building credit—even without a loan.
1:41
1:41
Credit Invisibility: What It Means and How to Fix It
No credit score? You’re not alone. Ellen explains what it means to be “credit invisible” and how to start building credit—even without a loan.
What Impacts Your Credit Score?
Your credit score can feel like a mystery—because in many ways, it is. In this quick breakdown, Legal & Finance Expert, Daynor, shares what really goes into your score, what improves it, what drags it down, and how to actually check it. Whether you’re just starting or trying to bounce back, this is info worth knowing.
1:31
1:31
What Impacts Your Credit Score?
Your credit score can feel like a mystery—because in many ways, it is. In this quick breakdown, Legal & Finance Expert, Daynor, shares what really goes into your score, what improves it, what drags it down, and how to actually check it. Whether you’re just starting or trying to bounce back, this is info worth knowing.
Does Taking Out a Loan Improve Your Credit?
Will taking out a loan help your credit? It might—but not always in the way you think. In this episode of Credit Diaries, Ellen Falbo, our Chief Credit Officer, breaks down what actually improves your credit—and why taking on debt you don’t need could end up costing more than it’s worth.
1:09
1:09
Does Taking Out a Loan Improve Your Credit?
Will taking out a loan help your credit? It might—but not always in the way you think. In this episode of Credit Diaries, Ellen Falbo, our Chief Credit Officer, breaks down what actually improves your credit—and why taking on debt you don’t need could end up costing more than it’s worth.
How Credit Card Interest Works
How much does that $500 TV really cost? In this Extra Credit video, Chief Credit Officer Ellen Falbo walks through three common ways people pay off credit cards—and how interest can quietly double the price of everyday purchases.
1:07
1:07
How Credit Card Interest Works
How much does that $500 TV really cost? In this Extra Credit video, Chief Credit Officer Ellen Falbo walks through three common ways people pay off credit cards—and how interest can quietly double the price of everyday purchases.
Avoid Credit Card Interest Using the Grace Period
Learn how to use credit cards without paying interest. Ellen explains the “grace period,” statement balances, and smart strategies to stay out of debt.
1:31
1:31
Avoid Credit Card Interest Using the Grace Period
Learn how to use credit cards without paying interest. Ellen explains the “grace period,” statement balances, and smart strategies to stay out of debt.
Do You Need to Carry a Balance to Build Credit?
You don’t need to carry a balance to build credit. In this quick myth-busting episode, Ellen Falbo, Chief Credit Officer at Possible, explains how credit utilization really works—and how to boost your score without paying interest.
1:06
1:06
Do You Need to Carry a Balance to Build Credit?
You don’t need to carry a balance to build credit. In this quick myth-busting episode, Ellen Falbo, Chief Credit Officer at Possible, explains how credit utilization really works—and how to boost your score without paying interest.
Fix Credit Report Errors and Dispute Inaccuracies
Learn how to fix credit report errors and dispute inaccurate information under the Fair Credit Reporting Act. Legal & Finance expert, Daynor, explains your rights and where to start.
0:46
0:46
Fix Credit Report Errors and Dispute Inaccuracies
Learn how to fix credit report errors and dispute inaccurate information under the Fair Credit Reporting Act. Legal & Finance expert, Daynor, explains your rights and where to start.
All products are subject to eligibility and approval by Possible Financial Inc. dba “Possible Finance” and “Possible” or its banking partner Coastal Community Bank. Eligibility for a product is not guaranteed.
For Loans, Possible Finance has direct lending licenses in AK, CA, HI, ID, UT and WA. Idaho Residents: License #RRL-10073; Louisiana Residents: License #1697898; Ohio Residents: License #ST.760161.000; Washington License #530-CC/SL-111888. California Residents: Possible Finance is licensed by the Department of Financial Protection and Innovation, pursuant to the California Deferred Deposit Transaction Law, License #10DBO-105848.
Loans in AL, AR, AZ, DE, FL, IA, IN, KS, KY, LA, MI, MO, MS, MT, NC, NE, NH, NV, OH, OK, OR, RI, SC, TN, TX, VA, VT, and WY are made by Coastal Community Bank, and serviced by Possible Finance. Texas Residents: Possible Finance is a licensed Credit Access Business; License #1800061850-160823.
*Funding typically occurs within seconds; ACH transfers take 1-2 business days. Instant Delivery fee may apply in select states.
^Loan amounts & structure vary by state. Max amount not typical.
°Savings since 2017 includes fees Possible doesn't charge (e.g., NSF, rollover) plus reduced costs from customers borrowing less frequently than typical payday loan users, assuming customers would otherwise have faced industry-average fees and borrowing rates. Sources: internal data; state regulatory data; CFPB (Pub. No. 2023-9); Pew ("Payday Lending in America," 2013); CRL ("Down the Drain," 2025). Individual results may vary.
¨See possiblefinance.com/samplepaymentschedules for rates & terms examples.
ˇReal customer compensated or incentivized. Results vary.
˘Possible Loans offer up to 29 days of payment flexibility from original due date.
All trademarks and brand names are property of their respective owners. Use of them does not imply any affiliation with or endorsement by them.
If you have questions or concerns, please contact the Support Team at support.possiblefinance.com
Mailing Address: Possible Finance, PO Box 98686, Las Vegas, NV 89193
Possible Financial Inc. © 2026 - NMLS #1697898
All products are subject to eligibility and approval by Possible Financial Inc. dba “Possible Finance” and “Possible” or its banking partner Coastal Community Bank. Eligibility for a product is not guaranteed.
For Loans, Possible Finance has direct lending licenses in AK, CA, HI, ID, UT and WA. Idaho Residents: License #RRL-10073; Louisiana Residents: License #1697898; Ohio Residents: License #ST.760161.000; Washington License #530-CC/SL-111888. California Residents: Possible Finance is licensed by the Department of Financial Protection and Innovation, pursuant to the California Deferred Deposit Transaction Law, License #10DBO-105848.
Loans in AL, AR, AZ, DE, FL, IA, IN, KS, KY, LA, MI, MO, MS, MT, NC, NE, NH, NV, OH, OK, OR, RI, SC, TN, TX, VA, VT, and WY are made by Coastal Community Bank, and serviced by Possible Finance. Texas Residents: Possible Finance is a licensed Credit Access Business; License #1800061850-160823.
*Funding typically occurs within seconds; ACH transfers take 1-2 business days. Instant Delivery fee may apply in select states.
^Loan amounts & structure vary by state. Max amount not typical.
°Savings since 2017 includes fees Possible doesn't charge (e.g., NSF, rollover) plus reduced costs from customers borrowing less frequently than typical payday loan users, assuming customers would otherwise have faced industry-average fees and borrowing rates. Sources: internal data; state regulatory data; CFPB (Pub. No. 2023-9); Pew ("Payday Lending in America," 2013); CRL ("Down the Drain," 2025). Individual results may vary.
¨See possiblefinance.com/samplepaymentschedules for rates & terms examples.
ˇReal customer compensated or incentivized. Results vary.
˘Possible Loans offer up to 29 days of payment flexibility from original due date.
All trademarks and brand names are property of their respective owners. Use of them does not imply any affiliation with or endorsement by them.
If you have questions or concerns, please contact the Support Team at support.possiblefinance.com
Mailing Address: Possible Finance, PO Box 98686, Las Vegas, NV 89193
Possible Financial Inc. © 2026 - NMLS #1697898
All products are subject to eligibility and approval by Possible Financial Inc. dba “Possible Finance” and “Possible” or its banking partner Coastal Community Bank. Eligibility for a product is not guaranteed.
For Loans, Possible Finance has direct lending licenses in AK, CA, HI, ID, UT and WA. Idaho Residents: License #RRL-10073; Louisiana Residents: License #1697898; Ohio Residents: License #ST.760161.000; Washington License #530-CC/SL-111888. California Residents: Possible Finance is licensed by the Department of Financial Protection and Innovation, pursuant to the California Deferred Deposit Transaction Law, License #10DBO-105848.
Loans in AL, AR, AZ, DE, FL, IA, IN, KS, KY, LA, MI, MO, MS, MT, NC, NE, NH, NV, OH, OK, OR, RI, SC, TN, TX, VA, VT, and WY are made by Coastal Community Bank, and serviced by Possible Finance. Texas Residents: Possible Finance is a licensed Credit Access Business; License #1800061850-160823.
*Funding typically occurs within seconds; ACH transfers take 1-2 business days. Instant Delivery fee may apply in select states.
^Loan amounts & structure vary by state. Max amount not typical.
°Savings since 2017 includes fees Possible doesn't charge (e.g., NSF, rollover) plus reduced costs from customers borrowing less frequently than typical payday loan users, assuming customers would otherwise have faced industry-average fees and borrowing rates. Sources: internal data; state regulatory data; CFPB (Pub. No. 2023-9); Pew ("Payday Lending in America," 2013); CRL ("Down the Drain," 2025). Individual results may vary.
¨See possiblefinance.com/samplepaymentschedules for rates & terms examples.
ˇReal customer compensated or incentivized. Results vary.
˘Possible Loans offer up to 29 days of payment flexibility from original due date.
All trademarks and brand names are property of their respective owners. Use of them does not imply any affiliation with or endorsement by them.
If you have questions or concerns, please contact the Support Team at support.possiblefinance.com
Mailing Address: Possible Finance, PO Box 98686, Las Vegas, NV 89193
Possible Financial Inc. © 2026 - NMLS #1697898