Social Studies, 27.09.2019 22:30 Amandachavez94

Why would your credit score affect the interest amount?

the interest amount is a set number that cannot change.
the companies are required to charge more interest to people with higher numbers.
better credit makes you more reliable in paying off a loan, so you get a lower interest rate.
better credit means you have more money, so you get charged the higher percentage, similar to graduated income tax.

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Why would your credit score affect the interest amount?

the interest amount is a set nu...