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| Topic | So I was reading up on credit in the US and it's kinda blowing my mind |
| Colegreen_c12 01/11/23 12:46:37 PM #31: | Peace___Frog posted... should my house be more expensive if i had a lower credit score? I guess they need to start teaching people more about basic finance. A house isn't more expensive if you have a lower credit score. You have a higher interest rate because your loan is seen as more risky. A credit score is based on a combination of things but it's basically meant to show how trustworthy you are with taking out credit. The alternative to higher rates would just be that people without credit scores don't get loans period --- DPOblivion beat us all. ... Copied to Clipboard! |
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