09/22/2022
Your credit score is one factor that will affect your interest rate. Credit score, which measures the level of risk you represent to a lender in paying back what you owe. The higher your credit score, the more likely a lender will offer you a lower interest rate, it also goes the other way. In practical terms, the difference between a lower interest rate and a higher interest rate can add up to tens of thousands of dollars over the life of loan.👍
