The Urban Institute build a summary of seven common presumptions about credit score rating

The Urban Institute build a summary of seven common presumptions about credit score rating

Let’s view someone taking out fully an auto loan who has a subprime credit rating under 600 (on a measure of 300 to 850, the highest get being a). He’s purchase a $10,000 used car. The subprime debtor enjoys a FICO credit rating between 500 and 589, which qualifies your for an interest rate of percent when it comes down to 48-month loan. Continue reading