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Tag Archives: car loan

Common Sense About Auto Loans (and How Delinquent Subprime Loans Raise Rates for Everyone)

When you first take out your car loan, if you have a low credit score, your interest rate will be fairly high but as you make your monthly payments on time, that consistency contributes to building your credit. What this means is that as you make your payments and your credit score rises, you start to qualify for better interest rates.

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