How Much More Do People With Poor Credit Scores Pay For Loans? - CREDIT INFORMATION
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CREDIT INFORMATION: How much more do people with poor credit scores pay for loans?
In early 2004, a person with a score below 559 would pay an interest rate of about 3.8% more (9.29% versus 5.46%) than someone with a score of 800 or above for a 30-year mortgage. On a 36-month new auto loan, the rate would vary by almost 13% (17.64% versus 4.83%).
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