Monday, April 28th, 2008

Interest Rate FAQs

Interest rates can be a confusing topic for many consumers. We’ve put together a list of frequently asked questions on the topic of interest rates. Learn about the difference between interest rates and APR, the difference between the LIBOR index and the Prime rate and learn about the Federal Reserve’s role in setting certain rates. (more…)

Monday, April 28th, 2008

Credit and Interest Rates

Your credit plays a big part in influencing the interest rate on your loan. Lenders typically price loans according to credit risk. A poor credit score warns there’s a higher risk the lender won’t be repaid. A high credit score suggests a smaller risk of default, and the borrower typically will be offered a better interest rate. (more…)

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