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Credit score will decide your loan's interest rate

Credit score will decide your loan's interest rate

Friday, September 1, 2017, 12:33 PM

Credit score can be defined as creditworthiness of a person coded into a three digit numerical expression. A good credit score means that you have a strong track record of paying back your debts on time. This gives you a higher preference, and therefore, bargaining power while applying for a loan or credit card. This can translate to a lower rate of interest.
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