lwright1251
Apr 28, 2008, 09:07 AM
Please advise as to how credit scores effect APR. :) Thank you.
progunr
Apr 28, 2008, 09:12 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?