Archive for the ‘Buying & Selling’ Category

Is APR for a car loan based on credit score or rating?

Jen B. asked: Just curious, because I’ve had several car loans over the last 10 years, and I know my credit has improved over the last 3 or 4. We are looking to buy a new car, but I am hoping we don’t get stuck with a SUPER high APR, like we have in the [...]

How my car loan affects my credit?

iamstidi asked: I have a car loan through my credit union for the amount of $13,500 for 36 months. I had a co-signer. Our combined FICO scores got us an interest rate of 5.15%. My FICO score was about 671 at the time and his was almost perfect. My credit was good, but just insufficient, [...]