https://padlet.com/coachsammeers/3yw8eacg4mv8i3hp How did credit score affects interest rates? Also consider how would this effect you going forward with this loan. Explain in 2-3 sentences. en-us 2020-10-02 10:06:55 UTC 2020-10-07 23:01:35 UTC hello@padlet.com https://padlet.com/coachsammeers/3yw8eacg4mv8i3hp/wish/797968926 The lower your credit score is the higher your interest will be. Therefore, if you have a high credit score then your interest rates will be lower. When applying for a loan you obviously want the lowest rate possible so having a higher credit score will allow for less interest paid in the long run.]]> 2020-10-02 15:13:44 UTC https://padlet.com/coachsammeers/3yw8eacg4mv8i3hp/wish/797968926 coachsammeers https://padlet.com/coachsammeers/3yw8eacg4mv8i3hp/wish/797970874 Hey everybody! hope you are having a great day and have a great weekend. I will see you all Monday]]> 2020-10-02 15:14:12 UTC https://padlet.com/coachsammeers/3yw8eacg4mv8i3hp/wish/797970874 https://padlet.com/coachsammeers/3yw8eacg4mv8i3hp/wish/797974372 Credit score greatly affected interest rates. Such as if you had a 800 credit score you would have a lower interest rate than someone with a 500 credit score.]]> 2020-10-02 15:15:01 UTC https://padlet.com/coachsammeers/3yw8eacg4mv8i3hp/wish/797974372 https://padlet.com/coachsammeers/3yw8eacg4mv8i3hp/wish/797975875 The higher your credit score, the lower interest rate you will get. And the lower your credit score, the higher interest rate you will get. The lower the interest rate, the the less money you will have to spend in the end.]]> 2020-10-02 15:15:22 UTC https://padlet.com/coachsammeers/3yw8eacg4mv8i3hp/wish/797975875 https://padlet.com/coachsammeers/3yw8eacg4mv8i3hp/wish/797977970 Typically the better of credit score a person has, the lower the interest rate. Also you are more likely to get a loan because you have income and have shown that you can pay the money back.]]> 2020-10-02 15:15:53 UTC https://padlet.com/coachsammeers/3yw8eacg4mv8i3hp/wish/797977970 https://padlet.com/coachsammeers/3yw8eacg4mv8i3hp/wish/797978092 The lower your credit score the higher the interest rate will be. Everyone's loan cost varies depending on their credit score, if you have a good score credit the interest rate will be lower making the loan cheaper.]]> 2020-10-02 15:15:55 UTC https://padlet.com/coachsammeers/3yw8eacg4mv8i3hp/wish/797978092 https://padlet.com/coachsammeers/3yw8eacg4mv8i3hp/wish/797981377 The worse your credit score is the higher your interest rate will be and vice versa.]]> 2020-10-02 15:16:39 UTC https://padlet.com/coachsammeers/3yw8eacg4mv8i3hp/wish/797981377 https://padlet.com/coachsammeers/3yw8eacg4mv8i3hp/wish/797982070 with the lower credit scores the higher the interest rates because of your payment history. The higher the credit scores the lower the interest rates are going to be!]]> 2020-10-02 15:16:48 UTC https://padlet.com/coachsammeers/3yw8eacg4mv8i3hp/wish/797982070 matthewbrown8638 https://padlet.com/coachsammeers/3yw8eacg4mv8i3hp/wish/797982831 The higher your credit score, the easier it is to be approved for a low interest rate.  The bank gives high interest rates to people with low credit because they hope they can not pay them back on time, and they can get repaid through valuable assets and collateral. ]]> 2020-10-02 15:16:58 UTC https://padlet.com/coachsammeers/3yw8eacg4mv8i3hp/wish/797982831 https://padlet.com/coachsammeers/3yw8eacg4mv8i3hp/wish/797983501 The higher the credit score the lower the interest rate will be which means you will pay less on interest. The lower the credit score the higher the interest rate will be so you'll have to pay more. By having a good credit score the interest on the loan will be lower than with a bad credit score]]> 2020-10-02 15:17:08 UTC https://padlet.com/coachsammeers/3yw8eacg4mv8i3hp/wish/797983501 https://padlet.com/coachsammeers/3yw8eacg4mv8i3hp/wish/797984434 The higher that your credit score is the less the interest rate you have on your loan, this means less interest money you will have paid over time when your loan is completely paid off. The lower your credit score the higher the interest rate meaning the more interest money you will have paid.]]> 2020-10-02 15:17:20 UTC https://padlet.com/coachsammeers/3yw8eacg4mv8i3hp/wish/797984434 https://padlet.com/coachsammeers/3yw8eacg4mv8i3hp/wish/797987349 If you have a credit score like 770, your interest rate will be lower. By having a good credit score, you can get loans from the bank more easier. Having a bad credit score, your loan interest rate will be higher, therefore making it hard for you borrow money. ]]> 2020-10-02 15:18:01 UTC https://padlet.com/coachsammeers/3yw8eacg4mv8i3hp/wish/797987349 https://padlet.com/coachsammeers/3yw8eacg4mv8i3hp/wish/797991116 When your credit score is higher, lenders tend to give you a lower interest rate since they know that you are going to pay them back. However, if you have a lower credit score, they will most likely give you a higher interest rate since there is a lower chance you will pay it back.]]> 2020-10-02 15:18:53 UTC https://padlet.com/coachsammeers/3yw8eacg4mv8i3hp/wish/797991116 https://padlet.com/coachsammeers/3yw8eacg4mv8i3hp/wish/797991450 A high credit score indicates that you will have a low interest rate and a low credit score indicates you will have a high interest rate. This is based off of your payment history and how often the balance payed.]]> 2020-10-02 15:18:58 UTC https://padlet.com/coachsammeers/3yw8eacg4mv8i3hp/wish/797991450 https://padlet.com/coachsammeers/3yw8eacg4mv8i3hp/wish/798669965 The higher your credit score the lower interest rates are. this means that the interest on your loans will also be lower. Thus why having a higher credit score is more ideal. The lower your credit score, the higher your interest rate is going to be. ]]> 2020-10-02 18:06:23 UTC https://padlet.com/coachsammeers/3yw8eacg4mv8i3hp/wish/798669965 https://padlet.com/coachsammeers/3yw8eacg4mv8i3hp/wish/799485831 The higher the credit score the lower you will be asked to pay in interest. Monthly payments will in turn be lower because you are known to pay your debts making you trust worthy. Which is why it can be worse to have no credit score at all due to the rates being way higher 

]]> 2020-10-03 04:33:09 UTC https://padlet.com/coachsammeers/3yw8eacg4mv8i3hp/wish/799485831 https://padlet.com/coachsammeers/3yw8eacg4mv8i3hp/wish/799887828 When you have a high credit score, you tend to have higher interest rates because credit card companies and loaners want to ensure that they are going to get their money back from you. This tends to make you pay more than you expect to and could make you take longer to pay the full amount back. ]]> 2020-10-03 16:54:46 UTC https://padlet.com/coachsammeers/3yw8eacg4mv8i3hp/wish/799887828 https://padlet.com/coachsammeers/3yw8eacg4mv8i3hp/wish/812062887 if your credit score is higher, then your interest rate is lower which means that you won't have to pay a lot of interest money off. Therefore, you can pay off for your loan much quicker. ]]> 2020-10-07 23:00:04 UTC https://padlet.com/coachsammeers/3yw8eacg4mv8i3hp/wish/812062887