Financial Glow wrote an interesting post here’s a quick excerpt Credit is the yardstick to judge an individual’s ability to repay a loan. All lenders, while extending money, would check your credit report to make sure that the money lent today would come back in future.
Your credit determines the amount of loan you can get and the rate of interest applicable for you. Greater credit means lower risk.
For a complete article please read HERE
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[...] Need an answer? Start here! wrote an interesting post today onHere’s a quick excerpt Financial Glow wrote an interesting post here’s a quick excerpt Credit is the yardstick to judge an individual’s ability to repay a loan. All lenders, while extending money, would check your credit report to make sure that the money lent today would come back in future. Your credit determines the amount of loan you can get and the rate of interest applicable for you. Greater credit means lower risk. For a complete article please read HERE ShareThis [...]
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the Auto Loan dealers on our place are giving us very expensive rates which we could not afford. we are still looking for better deals.:;”
Auto loans these days are a bit expensive, this is also a side-effect of the economic recession:~;