Please advise as to how credit scores effect APR. :) Thank you.
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Please advise as to how credit scores effect APR. :) Thank you.
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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