BILL'S ANSWER
To be perfectly honest, I cannot provide you with a specific answer to your question, as the interest rate you should expect to pay will depend greatly on the type of loan you are trying to obtain, and possibly your income, your age, and many other factors. Most lenders do not look at your credit score alone when deciding if they should extend you credit, and at what rate. Rather, your credit score is one aspect, albeit a major one, of your total credit profile which most lenders use when making lending decisions.
If you are seeking a home loan or a mortgage, I'd recommend applying and making several lenders compete for your business... picking the best rate and terms for you:... You can apply with Bills.com's lender network.
Since credit card companies usually rely more heavily on the credit score than other, more conservative lenders, I will try to provide you with a vague idea of the interest rates you can expect when applying for credit cards. With a 660 credit score, which is usually considered fair credit, you should expect to pay anywhere from 14% to 20% APR on a standard credit card. Again, this is based solely on your stated credit score, so other factors could make this rate substantially lower or higher when you actually apply for credit.
I will not attempt to guess what rates will be offered you by secured lenders such as auto finance companies and mortgage lenders. These lenders, more than any others, look beyond your credit score to analyze your ability to pay. If you are looking for the best rate on a car or home, I encourage you to shop around with many lenders, to find the one able to offer the best interest rate and loan terms. By contacting several lenders in your area, you will be able to determine the going rates in your area, which vary widely by region, and find out ways to make yourself more attractive to lenders.
To find out more about credit, credit reports, and credit scoring, I encourage you to visit the Bills.com Credit Resources page.
I hoep the information provided helps you Find. Learn. Save!
Best,
Bill
www.bills.com
Since you don't have facebook, please provide us with your location and a valid email address so we can answer it. Without a valid email address,we can't reply. (Go back to login with Facebook)
Due to the high volume of comments received, we cannot publish and/or respond to every comment received. If you have a specific question, we recommend you search our site for an answer before commenting.
* Bills.com will not share, sell, lend, or make public your e-mail address. We reserve the right to delete any questions or comments that violate the Bills.com terms of service.
We get a lot of comments! To help us show our boss that this is a valuable service, so we can keep providing it, we ask you to do 2 things before commmenting:
Log in
Like us
Submit your comment!
Due to the high volume of comments received, we cannot publish and/or respond to every comment received. If you have a specific question, we recommend you search our site for an answer before commenting.
* Bills.com will not share, sell, lend, or make public your e-mail address. We reserve the right to delete any questions or comments that violate the Bills.com terms of service.
Thank you for your comment. Your comment will be posted shortly.
No Comments