Intro to Credit Scores
How Your Credit Score Affects Your Finances
So with a lower credit score, how much more in interest will I have to pay for that car loan?
Let’s say you want to borrow $20,000 to buy a new car.
Right.
Now let’s say that you’ve been quite responsible with your money and have an excellent FICO score.
What’s considered an “excellent” FICO score?
5 stars
800 and above
A rating
10 out of 100