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vaieri [72.5K]
3 years ago
12

What is the relationship between credit score and interest rate on a loan?

Mathematics
1 answer:
Inessa05 [86]3 years ago
6 0

Relationship Between Credit Scores & Interest Rates. Your credit score directly affects the interest rate you must pay for credit cards, car loans, and mortgages. A 100-point increase in your rating can translate into $70,000 in savings for the average borrower over his or her lifetime

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