How to Score For a Lower Interest Rate – Tips

A good credit score translates into lower interest rates for you, the borrower. In a lender’s view, the higher your score is, the less risk you are, and the more likely it is you will pay off your debt. For this reason, borrowers with lower scores usually end up paying higher interest rates on their loans. Greater risk for the lender, greater interest rate for the borrower. There are several things you can do to adjust your credit score to receive a favorable review from the underwriter. Here are a few suggestions: