Credit Score Vs. APR

lwright1251 · #1 Apr 28, 2008, 08:07 AM

Please advise as to how credit scores effect APR.

Thank you.

progunr · Apr 28, 2008, 08:12 AM

The lower your score, the higher risk you are considered.

If the risk is higher, the apr will be higher.

If the creditor feels they are taking a higher risk with the loan, then they need to compensate that risk with a higher return from that loan.

Hope that is what you were looking for?



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