What drives me nuts. Is credit card companies, auto loans, mortgage companies.
Always tell me it depends on your credit rating. Could be 6% to 12%

I know my credit rating 702. I know they know it too. So why play this game?

It would be naïve to think these organization would need your permission to know about
Your financial situation beforehand. Matter of fact the organization already got my credit rating
From equifax. So its no great secret.


Chuck gave me great advice on auto insurance quotes.
Quotes don't mean a thing. As he suggested they tried to raise the rate the last minute. Kudos to chuck

They are going to charge you as high a rate as you will allow them,
If you have a good high rating, you go them them and tell them if they want your business, you will get this or that percent.

I don't follow you. Making loans is about risk. The lender is risking giving you money in the hope you will pay it back. Your credit score is an evaluation of the risk. The higher the number the safer the risk. If the lender is going to take a higher risk, they want to be compensated more for it. So the lower the score the higher the interest charged. However, credit score may not be the only factor in determining the rate.

Why does that drive you nuts?

A lender will not know your score until you apply and authorize a credit check. Once they get your score, then can then offer you a rate. Or do you expect them to advertise something like this:

Score Interest
500-550 12%
551-600 11%
601-650 10%
etc.