Fico score for car loan
[DOC File]RESOURCE ONE CREDIT UNION
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What is a FICO score and how is it determined? Determine which of the following is the best loan to purchase an automobile. Loan A Loan B Loan C Loan D. Price: $3,500 $3,000 $3,500 $3,000. Rate: 5.7% 6.5% 6.5% 5.7%. Term: 24 months 24 months 36 months 36 …
[DOCX File]Credit Report and Score Worksheet - Clark College
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A credit score (sometimes known as FICO score) is meant to measure a borrower’s ability to repay a loan. The higher the credit score, the more likely a borrower is to be approved for a loan. Making late payments or declaring bankruptcy lowers a credit score. Borrowing money and paying it back on time improves a credit score.
How to Translate Your FICO Credit Score to Interest Rates | Pockets…
What Your FICO Score Ignores. Your race, color, religion, national origin, sex and marital status. Your Age. Your salary, occupation, title, employer, date employed or employment history. Where you live. Any interest rate being charged on a particular credit card or other account. Certain types of inquiries (requests for your credit report or ...
[DOC File]Introduction
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Credit Report and Score Worksheet. PURPOSE. Understanding your credit score is the first step to improving it, if necessary, or maintaining one that is already healthy. A high score can save you money when it comes to applying for a mortgage, car loan, credit card, or any other loan. A low score, unfortunately, can cost you money.
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