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In The Media

Low FICO = Hike in Auto Rate

by Larry Chiang on April 8, 2016

By Larry Chiang
Credit scoring has a measurable benefit.
image1.JPG
Car loans for FICO 740+ people are actually lower than 5.1%, now.

kennethlin (@kennethlin)
Bad credit hikes auto rates by 65 percent. cbsnews.com/news/bad-credi… via @CBSNews Another reason why credit is important.
image2.JPG
Translation. Your 3.5% down payment and crappy FICO get you a high mortgage rate.
Pmt.
n.
R.
Npv
FV
Payment, term, interest rate, net present value, future value. So, the key is that you increase FICO score to reduce R (interest rate)
Larry Chiang, CEO, Duck9 Larry Chiang, CEO, Duck9

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