{"id":7339,"date":"2016-04-08T00:27:16","date_gmt":"2016-04-08T04:27:16","guid":{"rendered":"https:\/\/www.duck9.com\/?p=7339"},"modified":"2016-04-08T00:44:56","modified_gmt":"2016-04-08T04:44:56","slug":"low-fico-hike-in-auto-rate","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/low-fico-hike-in-auto-rate\/","title":{"rendered":"Low FICO = Hike in Auto Rate"},"content":{"rendered":"
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By Larry Chiang<\/div>\n
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Credit scoring has a measurable benefit.<\/div>\n
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\"image1.JPG\"<\/div>\n
Car loans for FICO 740+ people are actually lower than 5.1%, now.
\n<\/span><\/p>\n\n\n\n\n
\"\"<\/td>\nkennethlin (@kennethlin<\/a>)<\/b><\/td>\n<\/tr>\n
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6\/4\/14, 1:58 PM<\/a><\/div>\n
Bad credit hikes auto rates by 65 percent. cbsnews.com\/news\/bad-credi\u2026<\/a> via @CBSNews<\/a> Another reason why credit is important.<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
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\"image2.JPG\"<\/div>\n<\/div>\n
Translation. Your 3.5% down payment and crappy FICO get you a high mortgage rate.<\/div>\n
<\/div>\n
Pmt.<\/div>\n
n.<\/div>\n
R.<\/div>\n
Npv<\/div>\n
FV<\/div>\n
Payment, term, interest rate, net present value, future value. So, the key is that you increase FICO score to reduce R (interest rate)<\/div>\n
\n\"Larry<\/a> Larry Chiang, CEO, Duck9\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

By Larry Chiang Credit scoring has a measurable benefit. Car loans for FICO 740+ people are actually lower than 5.1%, now. kennethlin (@kennethlin) 6\/4\/14, 1:58 PM Bad credit hikes auto rates by 65 percent. cbsnews.com\/news\/bad-credi\u2026 via @CBSNews Another reason why credit is important. Translation. Your 3.5% down payment and crappy FICO get you a high […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-7339","post","type-post","status-publish","format-standard","hentry","category-credit-secrets"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/7339","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=7339"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/7339\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=7339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=7339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=7339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}